SoldCARDIOLOGY
Business Information
STEAL this Accredited Cardiology Practice
WELL BELOW MARKET. Established in 2005, this privately owned non-invasive cardiology practice is an accredited cardiovascular imaging and testing center. Gross revenue exceeds $1.6 million, working only four days per week. Services provided include nuclear stress-testing, echo-doppler, peripheral arterial studies, pacemaker clinic, coumadin clinic, walking EKGs, echo screenings, blood pressure screenings, pulse oximetry, stroke screenings, abdominal aortic aneurysm screenings, and peripheral arterial screenings. The “patient-first” philosophy has been the hallmark of their long-standing success, and the practice has a loyal patient base of 3,900 active patients. Practice refers out approximately 50 caths per year, many of which require stents.
Cash Flow
386,117
Gross Revenue
1,645,000
Inventory
75,000
EBITDA
N/A
Rent
13,150
Detailed Information
Real Estate:
3,500 SF, Leased
Lease Expiration:
9/30/22
Employees:
7
Facilities:
This practice is located in a 3,500 SF office within a two-story medical pavilion with walk-up parking. The office includes a spacious waiting room and front office, manager’s office, 7 exam rooms, 3 procedure rooms, 4 physician offices, 2 mid-level workstations, nurses’ station, 2 restrooms, and a staff lounge.
Competition:
One of the few remaining independent cardiology practices in the area with a large loyal patient base.
Financing:
$200,000 to qualified physician buyers
Support and Training:
Seller willing to remain with the practice for 1-2 years working part-time. Transition assistance will be provided to the new physician buyer to ensure a smooth business transfer.
Reason for Selling:
Preparing for retirement in the near future.