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Interventional Cardiology Medical Clinic | Very Profitable Clinic in High Traffic Area!

Glendale, CA, USA
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Businesses For Sale | Medical Practices For Sale

Listing ID : 429659

Posted on May 1, 2024 View Count 7

Price :
$1,600,000
Business Financials & Assets :
Gross Revenue:
$3,132,085
Cash Flow:
$768,874
Year Established:
1981
Inventory Included:
Yes
Estimated Value of Inventory:
$45,941
Description of Inventory Included:
This is a leased location of 2,500 square feet requiring a new lease. Seller is active with 11FT employees. Hours of operation are 12pm-5pm M/W, 10am-5pm T/TH, and 9am-5pm F. $45,941 in inventory and $1,000,000 in FF&E included in the asking price. $116,562 made in leasehold improvements. Medical Practitioner: Cardiologist license required.
Estimated Value of FF&E:
$1,000,000
Property Details :
Business Details :
Number of Employees:
11
Absentee Owner:
No
Business Can Be Moved:
No
Real Estate:
Leased
Building Size:
2,500 Sq. Ft.
Terms :
NDA Required:
Yes
Support & Training Offered:
30 days
Reason for Selling:
Approaching retirement
Equipment Specifications :
Company Overview :
Franchise Overview :
Description :

This medical practice was established over 40 years ago and has been at the current location for over five years. Specializing in Interventional Cardiology, the clinic has provided services for local hospitals and other practices for many years. Services include Clinical/Consultative Services, Invasive and Non-Invasive Procedures, Nuclear Imaging, PET, CT, MRI and Vein Care Services. The seller prefers to continue to work in the practice for an indefinite period of time. There are multiple other practices moving into the building. The seller says that these new neighbors should prove to be a good referral source for the clinic. In preparing for his retirement, the seller has released several associate practitioners and is no longer making hospital visits for lack of time. Some of these long-time relationships can likely be restored for a new practitioner at the clinic. Contact the listing broker immediately at (818) 810-4242 and take advantage of the great reputation of this well-established brand! For addition information, please contact Mike Faust at 818-810-4242 or mikef@fcbb.com

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