Nov 19, 2019 — Price Substantially Reduced! Included in the total income of $1,423,286.00 is Seller's Officer Compensation for 2018 of $291,000.00. Highly profitable, well established medical practice specializing in Rheumatology. A major bank’s Medical Practice Lending division has preliminarily approved this Medical Practice for 100% financings of the purchase price plus additional working capital. Seller states this specialty is a highly growing field due to the aging population. Seller continues to reduce his hours in the Practice and takes approximately 90 days of vacation time. Seller States that reducing the amount of vacation time could increase revenue. Seller co-owns a separate corporation that owns the building and will issue a new lease. The facilities include 7 exam rooms, 1 infusion room, 2 private offices, public and private restrooms, employee lounge, computer room, storage room, and reception area. Seller states there is room to bring in a NP/PA or another Medical Specialty associate, if desired for expansion. The billing, patient data and medical software used by the practice is E-Clinical Works (ECW). There are three private parking spaces plus additional ample parking used for the practice.
This is a leased location of 2,500 square feet. Seller is active in the business with 4 FT employees and 1 PT employee. Hours of operation are 8:30 AM to 4:30 PM Mon, Wed, Fri and 8:30 AM to 2:30 PM Tues, Thurs. $125,000 in Inventory, $97,388 in FF&E and $631,000 in Accounts Receivables included in Asking Price. Medical License Required.