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Highly Successful Medical Practice for Sale

Riverside County, CA
Patient Room
Sale Pending
Asking Price:$800,000
EBITDA:$225,000
Real Estate:$3,350,000
Gross Revenue:$1,200,000
FF&E:$200,000
Established Year:2011
Listing ID: 2203849Listing provided by BizBuySell
BUSINESS DESCRIPTION

Family Practice for Sale. Owner would like to eventually retire but willing to stay on for transition services. Not included but available is a 10,000 sf modern medical office building. Approximately 2,500 sf open in a cold shell for development and is currently for lease. Practice includes: x-ray technicians, medical assistants, physician assistants, office support, support staff and more. Modern equipment throughout the facility with an excellent location and existing contracts.

DETAILED INFORMATION
Location
Riverside County, CA
Inventory
Not Included in asking price
Real Estate
Owned
Building SF
10,000
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Beautiful 10,000 sf medical office building, freeway visibility and access. Well maintained, gurney elevator, other units leased for 10-year leases. When balance of building is leased (2,500 sf) Cap Rate will be just under 7. Lease carries NN expenses, property owner pays property taxes.
Competition
Excellent market with expanding services moving to the area to meet a large demand for medical services.
Growth & Expansion
This area is one of the fastest growing communities in California. Major medical facilities are making a push to get a footprint in the Lake Elsinore area.
Financing
Possible 100% Financing Available for Medical Professionals
Support & Training
Wide open option, owner is vital and flexible. Well loved by his patients.
Reason for Selling
Owner is preparing to retire but willing to stay on for an extended period
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Jerry
Henberger
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Jerry Henberger
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