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Established rheumatology practice with HUGE upside potential!
Offered for sale is a well-established, profitable medical practice specializing
in the diagnosis and treatment of rheumatic diseases in older adults. The practice was established in
2008 by a physician with decades of experience. The office is located in central NJ, and it has a loyal,
recurring client base, providing reliable income. It is the only practice of its kind in the area and
surrounding vicinities. Its focus is on diagnosing and treating rheumatic diseases, particularly in adults
with arthritis, osteoporosis and fibromyalgia. Patient examinations, lab testing and IV treatments are
performed on site. Aside from the physician, the full-time staff comprises a medical assistant and
receptionist, as well as a part-time biller. The premises are housed on the ground floor and comprises
1,750 square feet that includes: 2 exam/treatment rooms, 2 offices (1 is unoccupied), a waiting room, a
reception station and a small breakroom. The physician owns the property and expects to lease it to
the buyer at an attractive, below market rate. The potential for growth in this practice is enormous
without increasing the footprint or rent payments! Medical services and testing, and the health
products line, could all be expanded. Office hours could be extended and additional insurances can be
accepted for payment. There is also room for another licensed medical professional or Physician’s
Assistant to enable a large increase in patient volume and/or services offered. The seller will remain at
the buyer’s disposal for a year to ensure a smooth transition.
Listed By: Denis Mezheritskiy
Background information
Reference:
1808
Year established:
2008
Reason selling:
Retirement
Finance
Sales:
$1,315,016
Profits:
$228,740
Operations
Equipment:
Included in asking price $20,000
Inventory:
Included in asking price
Premises
Facility:
1,750 sqft on ground floor
Rent and lease terms:
N/A
Location:
Monmouth County, NJ
Price and terms
Price:
$355,000
Training:
provided for 1 year, as needed, by Seller