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(SOLD) Non-Invasive Cardiology Practice with Accredited Lab – BELOW MARKET

Sold

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.
  • Asking Price :
  • $575,000
  • Cash Flow :
  • $386,117
  • Est. Monthly Payment :
  • Cash Flow After Annual Debt Svc. :
  • Gross Revenue :
  • $1,645,000
  • Inventory :
  • $75,000
  • EBITDA :
  • N/A
  • Rent :
  • $13,150
  • FF&E :
  • N/A
  • Year Established :
  • 2005

Detailed Information

  • Real Estate :
  • 3,500 SF, Leased
  • Lease Expiration :
  • 9/30/22
  • Employees :
  • 7
  • Office Space :
  • 3,500 SF
  • 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.
  • Growth & Expansion :
  • Practice refers out approximately 50 caths per year, many of which require stents. By adding an interventional cardiologist, this revenue could remain in house. Increase patient base by obtaining local hospital privileges, and expanding days of operation, and adding providers. The practice has the space for 3-4 providers.
  • 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.
  • Closing Date :
  • May 31, 2023

Location

  • County :
  • Sarasota
  • State :
  • Florida

Business Listed By

Shaun Rudgear, CBI, CBB (813) 212-3122 shaun@floridamedicalbrokers.com
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