Location: Bergen County NJ
Industry: Health Care and Fitness
Listing ID: P092923
This is a top rated and busy pediatric medical practice. It is established for 30 years and located in a very comfortable Bergen County area. The practice has two medical doctors and support staff Monday through Saturday. There is plenty of convenient off-street parking, 4500 square feet of professional office space, including a welcoming reception area, check out station and nurse’s stations, plus multiple workstations, and dual waiting rooms. There are plenty of exam rooms, an onsite lab, auditory and vision screening equipment, multiple physician offices, room to expand, and more.
The private practice offers the owner professional autonomy and independence with less administrative burden that can make practicing medicine more rewarding for physicians. The practice specializes in newborn care, pediatric and adolescent medicine. They provide routine wellness exams, same day sick visits, convenient laboratory services including PCR testing, prenatal consultations, ADHD management, and 24/7 emergency care.
The owner runs the practice with another physician and highly trained employees including f/t and p/t nurse practitioners, a head nurse and full support staff including office management, medical biller, and multiple receptionists. They also use contractor labor when needed to fill in the gaps seeing patients to meet demand. Staff is available to stay on.
The practice is very reasonably priced with strong income and has excellent growth opportunities. Only private insurance accepted. Bank financing is available.
The owner-physician is seeking retirement and will help with a transition as needed. This is an excellent practice with very good income that is well suited for a sole practitioner, partnership, or would make a good addition to an existing group practice.
Gross Revenue: $2,300,000
Cash Flow: $275,000
Reason For Sale:
Training & Support:
Owner will provide support after the sale during a transition period
Year Established: 1993
Days & Hours of Operation: Monday to Saturday
Owner Hours Per Week: 36 -40
Employees: 7 to 9
Monthly Rent: 17700
Type of Location: Professional multistory office building with cafe on first floor and plenty of onsite parking
Square Footage: 4500
Offices have 6 fully equipped exam rooks, onsite lab, testing equipment for vision and hearing, built ins for reception and Admin, physicians offices, employee workstations., dual waiting rooms and more.