Medical Practice – Well-Established, Net $500K For Sale - Business for Sale
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Family Medical Practice in Burbank, CA
Burbank, CA, US
Added 4 days ago
Medical Practice
Family medical practice in Burbank, CA with over thirty years of operation, serving Medicare, PPO, and HMO patients from a leased office in a larger medical building.
Key Information
Asking
$1.2M
Revenue
$790K
Earnings
$514K
Multiple
2.3x
Key Highlights
- Over 30 years in business
- Over 4,600 patient charts
- Located in Burbank, CA, in a larger medical building since 2014
- Lease is $5,000/month, expiring June 2024 with possible option to renew
- Facility 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, and around 600 HMO patients with Regal and Lakeside medical group
- Office uses Athena Health electronic health records and has been paperless for 15 years
Contact Info
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