Well established pediatric clinic that specializes in the care of children from birth through adolescence, including physicals and immunizations, chronic workups, treatment of allergies, asthma, infectious diseases, obesity, and ADHD. Fully trained support staff. Great opportunity for a pediatrician looking to run their own practice or an established practice that wants to expand geographically or to add a solid patient base. Excellent location!
Under the CARES Act as revised by the Stimulus Act, if you use an SBA 7(a) guaranteed loan, this company qualifies for 3-months of principal and interest paid by the SBA to the lender on your behalf (up to $9,000 per month), for a total potential savings of $27,000. The loan payments paid by the SBA are not taxable. The SBA is also waiving its loan guarantee fee of approximately $27,000 (based on a business + real property purchase with funding of $895,000). The SBA guaranteed loan must be approved by the SBA before 9/30/2021, or earlier if funds run out.
Financials shown include a proforma (identified as "2021") of what 2020 would have looked like on a normalized basis excluding the negative impact COVID had on pediatric practices due to school closures.
The practice occupies the first floor (approx. 3400 s.f.) of a two-story stand-alone building in a medical complex. The facility is available for rent for $5,450 per month NNN, or for sale for $725,000. If the practice and real estate are purchased together, the purchase has been lender pre-qualified with a down payment of $100k for an existing practice to purchase this practice with working capital and expenses available under a 25-year term.
Opportunities for growth and increased revenue can be had by increasing work hours and the number of patients seen, renegotiating insurance contracts, applying to the local medical center for privileges for nursery and/or hospital care, taking unassigned pediatric calls, accepting more patients requesting services, and adding mid-level staff.
As in most communities, there are a number of pediatric providers. There are only a few other pediatric competitors in the immediate area.
Owner of the practice is retiring.
Will train for 4 weeks @ no cost Owner must have the following licenses: MD (current owner): Medical license, board certification, member of the Academy of Pediatrics, DEA #.