MergerPlace

Neurology Practice for Sale

Florida (Broward)


  • Asking Price: $1,400,000
  • Gross Income: $1,268,969
  • Cash Flow: $635,790
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $60,000
  • Listing ID: #225315
  • Established: 1984
  • Employees: 4 FT / 2 PT

Business Description

Very successful neurological practice operating in the same area since 1984, with a wide base of referrals. The owner has decided to retire in the next few years. Location is excellent near a major hospital. The doctor is affiliated with five major hospitals. The practice has a fully equipped Electrophysiological Diagnostic Department for Electroencephalography (EEG) and Electromyography/Nerve Conduction Studies (EMG/NCS). An EMR system was implemented since 2008. Excellent and loyal staff. Numbers assume that Buyer is a neurologist, however a non-MD owner could hire a neurologist and manage and promote the practice.


Business Details

Primary Business Category: Services - Other Services
Location: Florida
County: Broward

Company Information

Year Established: 1984
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT / 2 PT

Financial Information

Asking Price: $1,400,000
Gross Revenue: $1,268,969
Cash Flow: $635,790
FF&E: $60,000
Seller Financing Available: No

Property Information

Facilities:

The location of the practice is excellent. The practice is located across a major hospital in Broward County. The facilities are very convenient, there is ample parking space. The parking is free. The office has 3,500 square feet.

Growth & expansion opportunities:

A new owner with more energy should increase the volume of the practice. Also bringing a new neurologist is a possibility to increase the volume.

Competition:

There is one competitor in the area, however it does not constitute any issue to this practice.

Reason for selling:

Retirement.

Support & Training:

Will train for 4 weeks @ no cost Among the services provided is a fully equipped Electrophysiological Diagnostic Department for Electroencephalography (EEG) and Electromyography/Nerve Conduction Studies (EMG/NCS). We also have the capability for Evoked Potentials Testing. The Practice deals with a broad spectrum of neurological disorders including Strokes, Headache syndromes, Multiple Sclerosis, Parkinson’s disease, Brain tumors, various Neuropathies and Muscle disorders, Dementias and Alzheimer’s disease, Spine disorders, chronic pain syndromes, and Neuro-ophthalmological disorders, etc.. The owner is the main MD, a new non MD owner could hire an MD. The MD should have the capacity of absorbing a broad base of patients.

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Business Listed By:

Andy Fischer

Murphy Business Brokers