Annual Revenue: $1,104,179
Net Cash Flow: $439,059
Industry: Health Care
Location: NYC, New York
Priced to sell fast, this turnkey medical practice is one of the New York metropolitan area’s premier sleep clinics specializing in the diagnosis and treatment of sleep disorders and other pulmonary conditions. Its large, state-of-the-art facility is equipped with the latest cutting-edge technology. In addition, the medical team and the staff at the center are some of the most experienced in the field.
• Established, turnkey medical practice and clinic with over 14,000 patients; over 50% still active
• Well-negotiated, exclusive contracts with significantly higher reimbursement rates versus peers
• Accredited by American Academy of Sleep Medicine (AASM) results in higher reimbursements
• Highly coveted Independent Testing Facility (IDTF) allows the buyer to offer additional services
• Well-appointed 3,100 SFT. state-of-the-art facility equipped with latest cutting-edge technology
• Located in a high-end neighborhood on a major roadway providing high visibility
• Recession-proof, low-competition business in an industry with strong secular growth trends
• Ability to conduct both pediatric and adult sleep tests
The owner is relocating and is therefore highly motivated to sell. All certifications and accreditations are fully-transferable to a new owner and all employees and patients will remain with the business post-sale. Seller will assist a new buyer in order to make the transition as smooth as possible and is willing to sign a non-compete.
Growth and Expansion Opportunities
Opportunities for further growth include actively marketing to other physicians in order to gain more referrals and winning additional exclusive contracts by submitting more proposals to exclusively treat employees of large organizations, such as transportation, trucking, and delivery companies. In addition, by being an IDTF the Company can provide many more tests, such as Echo Doppler, and additional services. There is high demand for the clinic’s services and hiring additional specialists would be expected to generate significant growth.
Occupies 3,100 SFT of space and is housed in an attractive and well-maintained, free-standing building. It is located in a high-end neighborhood on a major roadway which provides it with high visibility. The center is open 24 hours a day, 7 days a week.