Annual Revenue: $1,851,000
Net Cash Flow: $495,782
Industry: Health Care
Location: South Carolina
This business has an accepted offer. Please view our other Healthcare Companies for sale.
This well-established Neurology practice has built and maintained a growing patient base primarily via word of mouth with minimal marketing to the service area. Most commercial insurances, Medicaid, and Medicare are accepted, resulting in a reliable patient base.
Included is a 6,000 sq. ft building that includes extra space for additional practitioners/providers, amenities, and parking in the basement.
Team and Services: Owned and founded by a reputable certified neurologist, supported by an office manager, 2 Nurse Practitioners, 1 of which is responsible for Telemedicine, and 7 other staff. The main services include the treatment of Multiple Sclerosis, Brain Fog, pseudo-depression, insomnia, and other services with in-office EEG, EMG, and Ultrasound.
The practice is ideal for the practitioner who would like to transition to a healthy work/life balance with full autonomy.
Reason For Sale:
The owner wants to retire and is seeking a suitable buyer to take the practice to the next growth stage.
Training & Support:
The owner is willing to assist a new buyer in the transition process to ensure minimal impact on business operations and is also amenable to staying in the business for a few years.
Neurology is very under-resourced and there is always demand, evident in the huge number of patients nationally that require treatment.
The practice has significant growth potential. Using a marketing strategy, the patient volume could see a substantial increase. The addition of research or lab services in the unused wing of the building as well as 3 additional practitioners will expand the revenue stream.