Non-Invasive Cardiology Practice For Sale (Seller-Financing)

Southwest Florida
medicine research of human heart

Business Listed By:

Shaun Rudgear, CBI, CBB
(602) 552-9891

Asking Price:

$750,000

Est. Monthly Payment:

$N/A

Gross Revenue:

$1,545,276

EBITDA:

N/A

FF&E:

N/A

Cash Flow:

$469,903

Cash Flow After Annual Debt Service:

$N/A

Inventory:

N?A

Rent:

$13,146

Established:

2005

Business Description:

Accredited Cardiology Practice with Immediate Expansion Potential

Established in 2005, this privately owned interventional cardiology practice has an accredited cardiovascular imaging and testing center. Gross revenue exceeds $1.5 million working only 4 days per week. Services provided include 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.

Detailed Information:

Location:

Southwest Florida

Real Estate: 

3,500 SF, Leased

Lease Expiration:

9/30/2022

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.

Growth & Expansion:

The population is projected to grow 8.3% by 2026. Increase patient base by obtaining local hospital privileges and expanding days of operation. Room to immediately add 2-3 additional providers.

Financing:

$250,000

Support and Training:

Transition assistance will be provided to new physician buyer to ensure a smooth business transfer.

Reason for Selling:

Preparing for semi-retirement in the near future