Pulmonary And Internal Medicine Practice In New York City For Sale

Overview

  • Business services, Services
  • Property Type

Description


New York City,
New York, US

Asking Price:


$850,000

Sales Revenue:

$934,382

Cash Flow:

$508,491

This well-established practice was established more than 30 years ago. The owner has built and maintained a reliable and growing patient base despite the challenges of the Covid-19 pandemic. There are currently approximately 6,000 active patients on the +10,000-chart list.

The practice revenue averaged >$900k on a cash basis for more than 3 years, with SDE over $500k annually over the same period. The practice still attracts 150 to 200 patients annually without direct marketing to the service area, and the owner is affiliated with 2 local nursing homes.

Team and Services: Owned and founded by a reputable licensed pulmonologist and supported by a partner, the focus is on the diagnosis and treatment of ailments of the lungs and respiratory systems and includes, among other services, complicated chest infections, occupational and environmental diseases, as well as sleep disorders.

The practitioners each work 2 office sessions per week with minimal office consultations, choosing to exclusively treat their patients.

Property Information

Real Estate:

Lease

Business Operation

Expansion Potential:

The practice has significant growth potential. Using a marketing strategy and extending hours for practitioners will see a substantial increase in patient volume. Including specialties like cardiology and gastroenterology could turn the practice into a multi-specialized environment.

Competition / Market:

There is no competition in the area since the practice is self-sustaining and there is minimum outside consultation work.



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Address

  • City New York
  • State/county New York
  • Country United States

Details

Updated on March 16, 2023 at 8:19 am
  • Property Type: Business services, Services
  • Property Status: For Sale

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