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Established rheumatology practice with HUGE upside potential!

Offered for sale is a well-established rheumatology practice specializing in the diagnosis and treatment of rheumatic diseases. The practice was founded in 2008 by a physician with decades of experience. Seller will offer generous creative financing terms for the right buyer (preferably another rheumatologist). This pristine office is located in central NJ, and it has a loyal, recurring client base, providing consistent income. It is the only practice of its kind in the area and surrounding vicinities. Its focus is on diagnosing and treating arthritis, osteoporosis and fibromyalgia in older adults. 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 in 1,750 square feet on the ground floor, which includes 2 exam/treatment rooms, 2 offices (1 unoccupied), a dedicated area for lab testing and IV treatments, a waiting room, a reception station and a small breakroom. The physician owns the property and will lease it to the buyer at an attractive rate. The potential for growth in this practice is enormous without increasing the footprint or rent payments. Medical services and testing could all be expanded in multiple ways to increase gross income. Office hours could be extended and additional insurances could 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 up to one 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:
$280,549
Operations
Employees:
2 F/T, 1 P/T, room for expansion
Equipment:
Included in asking price $20,000
Inventory:
Included in asking price
Premises
Facility:
1,750 square feet on ground floor
Rent and lease terms:
N/A
Location:
Monmouth County, NJ
Price and terms
Price:
$250,000
Financing:
Pending SBA Pre-Screen or Seller Financing (not including down payment)
Training:
provided for up to 1 year, as needed, by Seller