Price: $995,000
Location: Morris County, New Jersey
Industry: Services
Listing ID: SVS516
Highly successful Neurology Center offers neurological care for complex and common neurological problems in a warm and friendly environment, and their patients receive competent and quality care. This medical center provides comprehensive neurologic services, including diagnosis and treatment for various conditions. They have an experienced team which utilizes the latest technology and research to provide personalized care and achieve the best outcomes for the patient They provide expert neurology care, including neuromuscular evaluations, general consultations, stroke checkups, and prevention, headache management, and Transcranial Magnetic Stimulation (TMS) for depression. This Neurology Center is in a state-of-the art facility offering comprehensive Neurological care for complex and common neurological problems and has proudly served the community since 2008. The environment offers diagnostics and treatments the patients require with professional and competent procedures. The Neurology Center has been recognized with various awards as a top physician in the state and has received compassionate rewards for many years. Their approach to every patient is personalized with a treatment plan to ensure the best possible outcome for an accurate diagnosis critical for future treatments and they devote sufficient time to inform the patients the required information with each visit. The staff is trained, professional and accommodates each patient with personal care and guidance. Their answering service is available 24/7 daily and the website provides information about conditions and services available at this diagnostic center. The physician-owner is a top-rated neurologist, and is board certified in neurology by the American Board of Psychiatry and Neurology. He completed a fellow at the University of Texas and completed a post-doctoral fellowship in white matter degenerative disease and neuro-oncology. He is an active member of American Academy of Neurology, practicing neurology for years and welcomes patients throughout New Jersey. This is a dependable unique business opportunity to purchase a highly successful medical practice which offers various financing options to a qualified perspective buyer and expects to supply a consistent return on investment to the owner operator.
Listing Details
Revenue: $721,494
Cash Flow: $375,000
FFE: $90,000 (Included in Price)
Inventory: $1,000 (Included in Price)
Form of Ownership:
C Corp
Reason For Sale:
The purpose of this business transaction is due to the owner retirement after many years of success in this industry.
Training & Support:
Training and owner support, the owner is fully prepared to remain post-closing and will supply an appropriate transitional period to the doctor-purchaser.
Operation
Year Established: 2008
Days & Hours of Operation: Days Hours of operation; this business is active five days per week, closed Saturday, and Sunday, with hours from 8:00 am to 5:30 pm.
Owner Hours Per Week: Full Time
Non-Owner Payroll: $10,000
Employees: Regarding employees and payroll, this medical center consists of various employees who are unaware of the pending sale. The payroll is primarily based on a weekly base salary, and the staff is fully expected to remain post-closing, the monthly payroll expense is approximately $10,000.
Location
Security on Lease: Two Months
Lease Option: Yes Available
Monthly Rent: $4867
Type of Location: Commercial
Square Footage: 1750
Relocatable?: Yes
Facilities Information:
Located in the hub of Morris County, New Jersey in a modern attractive facility with convenient access to the center, sufficient parking and handicapped-friendly. This medical operation consists of approximately 1,800 square feet with a modern, and professional appearance. The business is in a free-standing office complex conveniently located for its various patients.
Summary
Historical Summary:
This is a twenty-five-year-old full-medical Neurology center.
Owner Qualifications:
For Qualifications purposes; this business opportunity requires specific government licensing approval to operate. Neurologists specialize in diagnosing and treating conditions related to the nervous system, including the brain, spinal cord, and peripheral nerves.
Competition:
Regarding competition, to the best of our knowledge, no other new competitors are expected to affect this business operation. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.
Potential Growth:
Regarding growth and expansion, medical practice can be further developed by increasing the number of days of operation, improving the marketing and local advertising. Additionally, the company has a limited non-optimized web site and if adjusted can further develop the business yearly gross sales.
Financing/Terms:
SBA bank financing is available for this transaction and seller financing may be available to a qualified buyer with an appropriate down payment, collateral, and credit rating.
