PRACTICE DESCRIPTION

Attractive general practice opportunity in Greater Birmingham Area which boasts most recent annual collections in excess of $1.14M on a 4 day work week. The 2500 square foot practice facility has 5 equipped operatories, 3 doctor treatment rooms and 2 dedicated to hygiene, with a sixth op plumbed for expansion. This practice presents a unique opportunity for immediate success due to its long-standing reputation and loyal active patient list of 2500+, which draws from the local community as well as neighboring counties and beyond. This is an excellent practice ownership opportunity for a spirited young practitioner seeking to benefit from the experience and mentorship that the Host doc can and will certainly provide -- not to mention that this rare find presents the ideal opportunity for practice ownership in a highly desirable and perfectly situated locale. Seller's ultimate desire is to transition toward retirement. but wants to remain on board in a more limited capacity of as many as 3 days per week for the foreseeable future as the new doc spreads his/her wings. Even with Seller remaining, Purchaser's initial year net cash flow after all production & fixed overhead expenses including debt service conservatively hovers around the $200K mark -- and that is assuming the new doc picks up only two-thirds of the current $900K in doctor collections and the practice experiences zero growth! However, it stands to reason that an extra set of doctor hands will quickly catapult this practice to the next level and beyond. Purchaser will also prosper from the nearly 35% effective earnings rate that this opportunity boasts.