Medical Practice in Los Angeles – Well Established, Net $500K - Business for Sale
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Family Medical Practice in Burbank, CA
Burbank, CA, US
Added 26 days ago
Medical Practice
37 years in business
This is a family medical practice located in Burbank, CA, operating for 37 years and serving primarily Medicare, PPO, and HMO patients from a leased office in a medical building.
Key Information
Asking
$1.2M
Revenue
$790K
Earnings
$514K
Multiple
2.3x
Key Highlights
- Years established: 37
- Located in Burbank, CA, in a larger medical building since 2014
- Lease is $5,000/month, expiring June 2024 with option possible
- Office includes 3 exam rooms, 2 consultation rooms, 1 EKG room, and 1 procedure room
- Two full-time employees plus the doctor's spouse handling some managerial work remotely
- Patient base includes mostly Medicare and PPO patients, with approximately 600 HMO patients (Regal and Lakeside medical group)
- Office uses Athena Health electronic health records and has been 100% paperless for 15 years
Contact Info
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