HIGHLY PROFITABLE ENDOCRINOLOGY PRACTICE (20,000+ PATIENTS)

Hillsborough County, FL

Business Listed By:

Shaun Rudgear
(813) 212-3122

Asking Price:

$2,250,000

Est. Monthly Payment:

$22,482

Gross Revenue:

$1,747,139

EBITDA:

$790,903

FF&E:

$20,000
Estimated payment based upon 6.0% APR for 120 months with $225,000 down payment for well-qualified buyers. Terms may vary.

Cash Flow:

$1,075,903

Cash Flow After Annual Debt Service:

$800,770

Inventory:

$5,000 not included in asking price

Rent:

$4,000 per Month

Established:

1984

Business Description:

Well-established endocrinology practice in the Greater Tampa area collecting $1,800,000+ annually. Located in a desirable Southwest Florida community. Respected among the community for its compassionate and caring environment for patients. The practice averages 6 new patients daily or 1,425 new patients per year. Highly productive providers averaging 4,000 patient encounters per year.

This practice offers comprehensive endocrine care with a focus on diabetes, lipid disorders, pituitary and adrenal disorders, and thyroid dysfunction. In-office procedures include thyroid ultrasounds, fine needle aspirations, insulin pump starts, insertion of CGM sensors, testosterone and Thyrogen injections. The practice is currently hiring another endocrinologist and a nurse practitioner to meet the patient demand. EMR system is in place.

Sponsoring Broker: Jamie Klingman

Detailed Information:

Location:

Hillsborough County, FL

Real Estate: 

Leased

Lease Expiration:

12/31/2022

Employees:

9

Facilities:

The practice is located in a single-level medical office building consisting of 2,393 SF with 5 exam rooms, an on-site laboratory, 4 provider offices, a reception area with 12 chairs, and a staff lounge.

Competition:

Limited competition in service area; the practice draws patients from a large radius.

Growth & Expansion:

Great opportunity for growth by adding additional providers, implementing a marketing campaign, increasing hospital call coverage, and expansion of clinical services.

Financing:

$225,000

Support and Training:

Seller is willing to remain on staff working .75 FTE post-closing to ensure a smooth patient transition.

Reason for Selling:

The current owner-medical director desires to retire in the next 2-3 years.