Medical Practice – Well-Established, Net $500K

Over three decades in business, over 4,600 charts and great reputation. On current location in larger medical building since 2014. Lease until June 2024, option possible, $5,000/month: 3 exam rooms, 2 consultation rooms, one EKG room, and one procedure room. His office could easily fit one more physician or one more nurse practitioner. Grossing about 800K, netting about 500K per year. Only two full time employees are with the doctor in office, his spouse however does some managerial work from home Doctor office was voted seven times as number one family physician in Los Angeles area. Most of his medical practice are Medicare patients and PPO patients, and also he has around 600 HMO patients with Regal and Lakeside medical group HMO. Office is 100% paperless and for the last 15 years they have had electronic health records in our office. They have Athena health electronic health records. Seller would ideally like to continue practicing medicine at his present location, part-time, and he would like to get a good physician or a good nurse practitioner that he could coach and teach and share all that he learned in his rich career. Single operating doctor can count on yearly net income exceeding $500,000, with growth potential. Confident seller is ready to carry bigger note, train, and stay as a part-time partner for a while.