Pediatric/Adolescent Medical Practice in Panama City, FL

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Asking Price:
$339,500

Gross Revenue:
$592,322
Cash Flow:
$128,882
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$50,000
included in asking price

FF&E:
$40,000
included in asking price

Real Estate:
 Not Disclosed

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Business Description

One of the oldest and highly reputable pediatric practices in Panama City, FL. Single provider in practice for 33 years affiliated with Gulf Coast Medical Center. Payer mix is about 70% commercial insurance, 20% Medicaid, 10% cash. Office has four exam rooms, staff of four: office manager, LPN, MA, and receptionist. Billing done in-house. Doctor will stay on post-closing, if offered. Doctor owns building and will negotiate new lease. Owner benefit has been adjusted for rent.

About the Business

Year Established:
1984
Number of Employees:
4 FT
Facilities:
2,300 sq ft office with four exam rooms in a medical office building owned by the doctor. Doctor will execute new lease for the space.
Market Outlook/
Competition:
This practice has been treating families spanning 3 generations from birth to age 21 in the same area for 33 years.
Growth & Expansion:
Doctor has not been actively seeking to grow the practice with an eye on retirement.
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About the Sale

Reason For Selling:
Retiring physician looking for an exit strategy.
Training/Support:
The Doctor will stay on for an extended period if offered to insure the smooth transition of the patients and staff.
Seller Financing:
SBA lending available for qualified Buyer

Listing Info

ID:
1427210
Ad Detail Views:
444

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Business Listed by

Capital Business Solutions

CAPITAL BUSINESS SOLUTIONS

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