Southern California Beach Resort Location
SOLD!
ANNUAL COLLECTIONS $755,000+ (60% part-time)
ANNUAL INCOME $425,000+ (60% part-time)
APPRAISED VALUE $240,000, including $48,600 in assets and supplies
ASKING PRICE $240,000
TERMS: Payment in full at purchase date is desired. 100% bank
financing may be available to qualified borrowers. Bank financing at 7% interest,
amortized over 10 years, would require monthly payments of only $2,787 per month,
leaving a remainder of $33,000+ monthly pre-tax income for the buyer. Income
could be increased through full time practice, or debt retired sooner by accelerated
payments or a down payment.
TIMING: Available immediately. Seller's immediate exit or phase-out
will be coordinated with Buyer's desires, not to exceed three months beyond
purchase date.
PRACTICE DETAILS
Income is in the top 10% of GIs nationally for the amount of time worked.
This sole owner, has been a gastroenterologist here since the late 1990s.
The office is conveniently located within walking distance of the hospital,
with an endoscopy suite nearby.
This area is an attractive beach community near Los Angeles, internationally
noted for a high quality of life.
The local and regional economies are very strong.
The office is modern with many new improvements.
This doctor practices part-time at 37 hours per week. This compares to median
GI hours of 60 per week, or approximately 60% of full time equivalent (FTE).
There is a multiple-physician call group.
A full appraisal with practice statistics and financial statements is available
to qualified applicants whom have submitted a signed Confidentiality and Non
Disclosure Agreement available by clicking
here.
This is an excellent opportunity for a physician looking for a part-time practice
or a base upon which to quickly establish a full-time private practice.
Phone or email Seller's Representative, Broker Lic# 00767129 with questions
or to make an offer.
Keith Borglum at Professional Management and Marketing
at 707-546-4433 or Keith@PracticeMgmt.com
