SOLD-Primary Care Medical Practice - Massachusetts

United States, Massachusetts

Asking Price: $2,250,000

Cash Flow: $1,536,177

Gross Sales: $1,894,387

Area: Shrewsbury

FFE: $92,476

Inventory: $0

Real Estate: $0

Established: 2001

Request More Information

Patrick Gagliardi

Chief Operating Officer

954-633-7278

[email protected]

View Listings & Qualifications

Summary

SOLD-Primary Care Medical Practice - Massachusetts

This 20 year-old medical practice focuses on Primary Care/Internal Medicine. Very profitable, well-established and highly efficient with top ranking in comparison to the national benchmark. This practice provides exceptional medical services. The 2020 revenue is projected to beat 2019's despite the ongoing COVID-19 crisis. The practice has 3100+ active patients and continues to grow, adding 30-35 new patients each month. Most of the patients are professionals, ages 25-60, with lucrative private insurance plans. Well-trained, dedicated support staff including a Nurse Practitioner, seeing 45-50% of the practice's patients, will stay on with the new MD. Seller will provide transition assistance to the buyer. All billing is done in-house and the practice accepts mostly private insurances. This is a one-of-a-kind medical practice with low overhead and high profitability. 2020 financials are annualized from January 1-September 30 2020 P&L.

Detailed Information

Sub-Category: Health, Medical & Dental

County: Worchester

Employees: 6 - Full-Time, 1 - Part-Time

Facilities: Professional Building

Relocatable: No

Home Based: No

Market Notes: Primary Care Doctors are the first line of defense against health ailments. These Doctors are viewed as preventive care providers. This office has a long tenure in this location with trained staff, low overhead and exceptionally high margins.

Growth Notes: The industry for Primary Care Doctors is expected to experience a slight increase in demand due to an increasingly insured population. Current trends are expected to accelerate over the five year period to 2025 as an aging population drives demand for primary care doctors. This Practice has 30-35 new patients each month.

Support Training: four weeks at zero cost

Financing Terms: SBA pre-screened lending available to qualified Buyer with as little as 14% ($347,500) down.

Reason for Selling: Retirement

Inventory Included: No

Is Franchise: No

Lender Prequalified: No

Absentee Owner: No

Selling Financing: No

Is FEE Included: Yes