Tech-7013: Family Practice in Central NJ with Good Growth Prospects and with Stand-alone Medical Building

– SOLD –

Tech-7013: Family Practice in Central NJ with Good Growth Prospects and with Stand-alone Medical Building

This is a family practice medical group provides comprehensive wellness care and disease management to three counties in Central NJ. The Practice has been in this area for over 15 years with close access to major highways, major State University, city downtown, and major companies, and two major hospitals. The Practice offers early morning and evening hours to accommodate patient’s work schedule and offers same-day appointments and on-site lab tests. Its modern EMR system provides secure electronic medical records with an online patient portal to book appointments, request refills, and ability to email patient’s provider securely online.

COMPETITIVE ADVANTAGES

  • Present in the community for 15 years
  • Only practice serving the County Commission Educational Services and City’s Volunteer Fire Co
  • Affiliated with Travel Clinics of America providing travel medicine services
  • Practice offering Weight loss program with Robard Corporation for the past 5 years. Only practice in the area serving as a distributor for products
  • Distributor for Metagenics wellness products

 KEY FEATURES

  • 85 average Visits per week
  • 8545 visits between 10/31/13 and 10/31/15
  • 50% follow up visits, 30% physical, 20% weight loss
  • Services – Wellness Exams, Physicals, Weight Loss, Diabetics, Headaches, and many more
  • CLIA- waived Lab performing Strep test, urine pregnancy spirometry, finger-stick glucose, urinalysis, fecal occult blood
  • 3 Exam rooms, 2 physician offices, reception room, two bathrooms, waiting room, lab, kitchen area, full basement

FINANCIALS

  • Revenue: $342K
  • Discretionary Earnings: $138K (for an active full-time practitioner); $168K if open full time (44 hours)
  • Growth potential by increasing hours to full time from 36 hours and doing some hospital work
  • Asking Price: $150K for Practice and $440K for the building

SOLD – This practice has been sold and no longer available