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- Jul 5, 2010
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Dermatology Practice for Sale Los Angeles California
Come enjoy the practice and lifestyle you’ve read about, and dreamed about!
(If you don't want to be the owner, I have a couple of Mohs surgeons that would buy the practice and employ you to work there, maybe with an earn-in opportunity)
Come take over this solo general dermatology practice in a modern Class-A medical office building, in an excellent, high-income, neighborhood in Encino in the San Fernando Valley area of northern Los Angeles, an hour north of LAX Airport. The office is approximately 1,550 square feet, in like-new condition, with 3 regular exam rooms and one oversized procedure room, and a large physician office. The lease is likely transferable, with 18 months remaining plus an option for a 5 year renewal. There is approximately $65,000 in furnishings and instrumentation included, and each room has a MTI power exam table with Ritter surgical lamps.
The practice is approximately 85% general medical dermatology and 15% cosmetic. Mohs and pathology are referred out. The payor mix is approximately 60% BCBS, 20% Medicare, with the rest a mix of PPOs. Medical records are all paper, legible, compliant, and ready to be converted to EMR if desired, with billing currently done in-house.
This practice has been in place almost a decade, but practicing less than half time recently, with some extended absences, with the owner now exiting for family and personal reasons. Even though there are approximately 3,700 medical records, and a one month waiting list for appointments, practice income has been low because of having less than a half-time schedule with full-time overhead. The practice has an excellent reputation with patients, referrers, and in online social media. This is a great stepping-stone practice upon which to quickly build it back up to full time with a typical general dermatology net income.
FINANCIAL DETAILS
COLLECTIONS : almost $200,000
NET PRE-TAX INCOME: under $100,000 per year
ASKING PRICE: $95,000
INCLUDES: $65,000 in furnishings and instrumentation
TERMS: All cash to seller. Up to 100% bank financing may be available to qualified borrowers including Fellows with debts.
TIMING: Available immediately. Seller's phase-out will be coordinated with Buyer's desires.
More at http://www.medicalpracticeappraisal.com/dermatology-practice-for-sale-california
Keith C. Borglum CHBC, CBB
Professional Management & Marketing
ph (707) 546-4433
Web Page/Credentials/References at http://www.MedicalPracticeAppraisal.com
Licensed Medical Practice Broker & Appraiser & Consultant Lic#s:00767129 BK3206346
Certified Healthcare Business Consultant (CHBC)
Certified Business Broker specializing in Healthcare (CBB)
Industry Expert in Healthcare Practice Valuation: Business Brokerage Press
Author:Medical Practice Valuation Workbook by PSR Inc.
Come enjoy the practice and lifestyle you’ve read about, and dreamed about!
(If you don't want to be the owner, I have a couple of Mohs surgeons that would buy the practice and employ you to work there, maybe with an earn-in opportunity)
Come take over this solo general dermatology practice in a modern Class-A medical office building, in an excellent, high-income, neighborhood in Encino in the San Fernando Valley area of northern Los Angeles, an hour north of LAX Airport. The office is approximately 1,550 square feet, in like-new condition, with 3 regular exam rooms and one oversized procedure room, and a large physician office. The lease is likely transferable, with 18 months remaining plus an option for a 5 year renewal. There is approximately $65,000 in furnishings and instrumentation included, and each room has a MTI power exam table with Ritter surgical lamps.
The practice is approximately 85% general medical dermatology and 15% cosmetic. Mohs and pathology are referred out. The payor mix is approximately 60% BCBS, 20% Medicare, with the rest a mix of PPOs. Medical records are all paper, legible, compliant, and ready to be converted to EMR if desired, with billing currently done in-house.
This practice has been in place almost a decade, but practicing less than half time recently, with some extended absences, with the owner now exiting for family and personal reasons. Even though there are approximately 3,700 medical records, and a one month waiting list for appointments, practice income has been low because of having less than a half-time schedule with full-time overhead. The practice has an excellent reputation with patients, referrers, and in online social media. This is a great stepping-stone practice upon which to quickly build it back up to full time with a typical general dermatology net income.
FINANCIAL DETAILS
COLLECTIONS : almost $200,000
NET PRE-TAX INCOME: under $100,000 per year
ASKING PRICE: $95,000
INCLUDES: $65,000 in furnishings and instrumentation
TERMS: All cash to seller. Up to 100% bank financing may be available to qualified borrowers including Fellows with debts.
TIMING: Available immediately. Seller's phase-out will be coordinated with Buyer's desires.
More at http://www.medicalpracticeappraisal.com/dermatology-practice-for-sale-california
Keith C. Borglum CHBC, CBB
Professional Management & Marketing
ph (707) 546-4433
Web Page/Credentials/References at http://www.MedicalPracticeAppraisal.com
Licensed Medical Practice Broker & Appraiser & Consultant Lic#s:00767129 BK3206346
Certified Healthcare Business Consultant (CHBC)
Certified Business Broker specializing in Healthcare (CBB)
Industry Expert in Healthcare Practice Valuation: Business Brokerage Press
Author:Medical Practice Valuation Workbook by PSR Inc.