Coastal Concierge Medicine Practice (330 Members)

Treasure Coast, Florida
doctor talking to patient in office

Business Listed By:

Shaun Rudgear, CBI, CBB
602-552-9891

Asking Price:

$765,000

Est. Monthly Payment:

$N/A

Gross Revenue:

$765,031

EBITDA:

N/A

FF&E:

N/A

Cash Flow:

$513,031

Cash Flow After Annual Debt Service:

$N/A

Inventory:

N/A

Rent:

$2,468 per month

Established:

2013

Business Description:

Led by a geriatric internist, this concierge practice aims to help prevent, diagnose, treat, and manage members’ healthcare issues at every step of the process. This well-established practice is not only about health; it’s also about forging relationships with patients to help them on their path to wellness. They partner with members to help members achieve optimal health and provide members and their loved ones the personalized attention that they all deserve.

A proven, streamlined practice model, optimizing quality time spent in the direct care of patients, and minimizing administrative and billing burdens have resulted in a consistently high-profit margin, with lower practice expenses and fewer annual patient visits needed: patients and the physician report high levels of satisfaction. Stable seller earnings and increasing top line revenues make this practice a winner.

Located in an upscale community on the Treasure Coast region of Florida, Southern Living magazine reported it as one of the best places to live. This community is known for its relaxed atmosphere, historical value, and easy access to beaches and inland nature parks. The environment draws high-income families and retirees who value and seek concierge-style practices.

Detailed Information:

Location:

Treasure Coast, Florida

Real Estate: 

Leased

Lease Expiration:

September 30, 2024

Employees:

3

Facilities:

1,378 SF single-level office, waiting room with 4 chairs, reception area, 4 exam rooms, 1 physician office, 1 patient restroom, 1 staff restroom, 2 MA/nurse stations, staff lounge, laboratory, and 2 storage rooms. 6- 10 dedicated parking spaces. The fourth exam room could be converted into a second provider office.

Competition:

This highly respected practice doesn’t feel any competitive pressure within the market. Experienced and competent staff make each member feel like family and attends to members in the area hospitals.

Growth & Expansion:

Implement marketing, add additional providers, expand the member panel, and offer ancillary services

Financing:

$76,500 to physician buyers on approved credit

Support and Training:

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

Reason for Selling:

Preparing for retirement in the near future..