MergerPlace

Pediatric/Adolescent Med. Practice in FL

Panama City, Florida (Bay)


  • Asking Price: $339,500
  • Gross Income: $592,322
  • Cash Flow: $128,882
  • Real Estate: Not Disclosed
  • Inventory: $50,000
  • FF&E: $40,000
  • Listing ID: #202429
  • Established: 1984
  • Employees: 4 FT - 0 PT

Business Description

One of the oldest and highly reputable pediatric practices in Panama City. Single provider in practice for 33 years affiliated with Gulf Coast Medical Center. Payor mix is about 70% commercial insurance, 20% Medicaid, 10% cash. Office has 4 exam rooms, staff of 4: office manager, LPN, MA, and receptionist. Billing done in house. Doctor will stay on post-closing, if offered. Doctor owns building and will negotiate new lease. Owner benefit has been adjusted for rent.


Business Details

Primary Business Category: Retail Trade - Health & Personal Care
Location: Florida
Metropolitan Area: Panama City
County: Bay

Company Information

Year Established: 1984
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 4 FT - 0 PT

Financial Information

Asking Price: $339,500
Gross Revenue: $592,322
Cash Flow: $128,882
FF&E: $40,000
Inventory: $50,000
Seller Financing Available: Yes

Property Information

Facilities:

2,300 square foot office with four exam rooms in a medical office building owned by the doctor. Doctor will execute new lease for the space.

Growth & expansion opportunities:

Doctor has not been actively seeking to grow the practice with an eye on retirement.

Competition:

This practice has been treating families spanning 3 generations from birth to age 21 in the same area for 33 years.

Reason for selling:

Retiring physician looking for an exit strategy.

Support & Training:

Doctor will stay on for an extended period if offered to insure the smooth transition of the patients and staff.

Contact Business Seller

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Business Listed By:

Patrick Gagliardi

Capital Business Solutions