Baltimore Family Practice For Sale – $800K Annual Gross Revenue
Annual Gross Revenue: $800K
Asking price: $400K
19 year-old Baltimore Family Practice for sale. This busy Family Practice for Sale is nestled in a high growth area 9 miles from Downtown Baltimore. The practice averages 25 patients per day and can be increased with added providers and acceptance of additional insurance plans.
The Owner/Physician and well-trained, dedicated staff of three includes one hourly Administrative Assistant, one full time Administrative Assistant, and one Medical Assistant willing to remain as employees and assist in smooth transition.
The current practice offers comprehensive family practice care to patients six years of age and up Medical services include vaccinations, wellness visits, sick care, EKG, minor procedures, and disease management.
The practice is located in 1,100 sq. ft. of leased space with lease renewal in April of 2023. The space includes 4 exam rooms, lab, large front desk area with spacious waiting room with 14 seats, doctor’s office, additional office and a kitchen. Equipment includes nine computers, phone system, and an autoclave. Electronic medical records are managed with PrognoCis.
Multiple opportunities for expansion include adding additional midlevel provider or physician; extension of operating hours including weekends; and creating a robust website and digital marketing footprint.
Additional streams of revenue can be found by offering expanding services to include diagnostics: spirometer, echocardiogram, nerve conduction studies and telehealth services for high-risk and normal- risk patients. There is room for growth in Suboxone treatments and management of medical marijuana.
The Family Practice for sale is located in Baltimore, the most populous city in the state of Maryland. The city is located in north-central Maryland on the Patapsco River close to where the river feeds into Chesapeake Bay. Baltimore offers fine cuisine and vibrant shopping along with culture and entertainment including the Baltimore Museum of Art and Oriole Park at Camden Yards. Baltimore’s rich history includes some of the earliest National Register Historic Districts in the United States.
100% Bank Financing Available with approved credit. Inquire below.
Medical Practice Brokerage, Performance Consulting and Financing Solutions
This medical practice for sale opportunity is offered by Tinsley Medical Practice Brokers, a medical practice appraisal, medical practice brokerage, medical practice performance consulting and medical practice financing firm. Our group is a leader in physician consulting, business development, financing solutions and medical practice appraisal and pre-and post transaction consulting.