Description

This well-respected internal medicine practice in midtown Manhattan is a great opportunity to own your own practice. It is currently operated part-time by an experienced and highly-respected doctor who wishes to retire but will stay on with the new owner to aid in the transition and transfer of patients. The office is approximately 1,800 square feet and is shared with another doctor with a complementary specialty. Rent and other office expenses are shared as well. All medical records are electronic and HIPAA compliant. Staff includes a full-time office manager/receptionist and a part-time assistant. Furniture, fixtures, equipment and interior are in excellent condition. The doctor has been honored by Castle Connolly, U.S. News & World Reports, Super Doctors, New York Magazine and Leading Physicians of the World.Office Hours: Monday - Friday 8:00AM to 4:30PMStrengths / OpportunitiesStrengths: Very strong, award-winning reputation for excellence in the field. High-traffic midtown location. Opportunities: Extend office hours. Add second doctor.Lease: Approximately 1,800sf. Three years remain on the 10-year lease. Share of rent is $4,700/month plus real estate taxes and common area charges.The Transaction: The deal structure will be an asset sale. The reason for sale is the sellers' desire to retire. Owner is willing to stay on during a reasonable transition. Asking price is $100,000.