Nearly 40 Year Established Medical Practice – Prime Location

The company is a 37-year-old family medical practice that has been a cornerstone in its community, serving a diverse range of patients and meeting their medical needs with utmost professionalism and compassion. This well-established practice prides itself on delivering top-quality medical care with a focus on preventive wellness. With a dedicated team of experienced doctors, nurses, and staff, the company strives to ensure the well-being and satisfaction of every individual who walks through its doors. Offering a wide extent of medical services and maintaining extensive hours of availability, the practice has built an excellent reputation for outstanding service. One of the key highlights of this family medical practice is its impressive financial performance. With cash flow expected to exceed $1 million in 2023 and an average gross revenue of $3.6 million over the past four years, the company has demonstrated consistent profitability and financial stability. Its strong referral and repeat business, accounting for 90%-95% of its total clientele, further attest to the trust and value placed in its services. Guided by well-defined systems and processes and supported by a highly trained staff with low employee turnover, this turnkey operation represents a beacon of medical excellence within its community.   Top Details/Business Activity Business Model: Family Medical Practice Longevity: With 37 years in business, the practice has a proven track record, showcasing stability and experience. Revenues and Cash Flow: A stable revenue stream of $3.6 million averaged over four years and strong cash flow in 2023 indicates financial health. Client Acquisition: With 90-95% of the business coming from referrals and repeat customers, the practice seems to have a strong client base that trusts and values its services. Workforce: Low employee turnover and highly trained staff reflect a positive work environment and efficiency in operations. Brand: The excellent reputation for service signals a well-established brand presence. Turnkey Operations: Defined systems and processes make it easier for a new owner to take over without overhauling the entire business structure. Strengths Service & Willingness to Adapt to Market: This strength showcases flexibility and the ability to adjust to market trends, which is vital in the ever-changing healthcare industry. Has led to client loyalty and the ability to stay ahead and quickly respond to industry changes. Top Quality Medical Care: Signifies a commitment to the highest standards of patient care. Enhancing reputation, encouraging referrals, and contributing to higher patient retention rates. Focus on Preventive Wellness: Emphasizes a proactive approach to health, rather than just treating illness. Attracting a segment of the market interested in maintaining health and wellness, leading to a broader client base. Wide Extent of Medical Services: Offering a broad range of services has made the practice a one-stop solution for many patients’ needs. Enhancing convenience for patients and increasing overall revenue by providing multiple services under one roof. Extensive Hours of Availability: By being available outside regular business hours, the practice has attracted patients who need flexibility due to their schedules. Leading to increased patient numbers and satisfaction by accommodating various schedules. Location: The practice is situated in a convenient and accessible location, enhancing accessibility and convenience for patients, allowing them to attract more local clientele.   Weaknesses Limited Space Limited Storage Outdated Furnishings Limited Parking Space Reason for selling: Retirement   For More Information on this Listing Click to Download the Corporate NDA Click to Download the Individual NDA Click to Email Banker