Established Cardiology Practice w/ SBA or seller financing
Business Description
An established cardiologist, with over 30 years in the same building, is selling the practice. Revenue has grown in this past year and is expected to continue to grow, despite the doctor not having made any hospital calls, except visits to existing patients, over the last few years. The buyer can add all of these services and grow the practice even further. The practice has almost 1000 active patients, as well as over 50 international concierge patients, which are treated on a regular basis. They continue accepting new patients and also accept all major private insurances, including Medicare. These insurance contracts are held by the business, not by the doctor, and are transferable to the buyer of the business.
There are various tests performed in the office, such as halter monitoring, and arterial and venous studies, as they have an ultrasound machine, which is owned 50% by the technician, who visits the practice regularly for appointments with patients. Additionally, the doctor currently performs various tests, such as stress tests and nuclear and pharmacological tests in a hospital setting. The office has also increased the number of patients, as they have added wellness and weight loss medications with follow-up to the list of services provided.
The doctor is willing to stay on a few days a week as part of a transition period and under a mutually agreed upon agreement. Seller financing is available, and the business is SBA Pre-qualified.
There are various tests performed in the office, such as halter monitoring, and arterial and venous studies, as they have an ultrasound machine, which is owned 50% by the technician, who visits the practice regularly for appointments with patients. Additionally, the doctor currently performs various tests, such as stress tests and nuclear and pharmacological tests in a hospital setting. The office has also increased the number of patients, as they have added wellness and weight loss medications with follow-up to the list of services provided.
The doctor is willing to stay on a few days a week as part of a transition period and under a mutually agreed upon agreement. Seller financing is available, and the business is SBA Pre-qualified.
About the Business
- Years in Operation
- 20
- Employees
- 2
- Currently Relocatable
- Yes
- Facilities & Assets
- All furniture, fixtures and equipment is included. Those include EKG Machine, Ultrasound Machine, 3 medical tables as there are 3 exam rooms, and all medical supplies as the doctor's office performs blood draws on-site. All paintings in any of the offices or lobby are not included in the sale. An offer to purchase will be considered on some of them.
- Market Outlook / Competition
- The doctor is both an internal medicine doctor and a cardiologist. The office has over 1000 active patients because the doctor sees all generations of families, and has also started to pick up international concierge patients.
- Opportunities for Growth
- If the new doctor adds on-call hospital visits again, as the current doctor has hospital privileges but does not see any patients outside of the offices' current patients in the hospital.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,793
- Rent
- $5,564.00 per month
- Lease Expiration
- 2/1/2026
About the Sale
- Transition Support
- The doctor will provide 2 weeks of free training, and is then willing to stay a few days a week for up to a year to assist with the transition.
- Financing Options
- Seller financing - 50% of the purchase price / 24 mo @ 7.5% interest or SBA financing
Listing Info
- ID
- 2320084
- Listing Views
- 1119
Listing ID: 2320084 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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