Coastal Massachusetts Primary Care Practice For Sale – $2M Annual Revenue – NE of Boston
Busy Primary Care Practice for Sale – Newburyport Area Annual Revenue: $2M
Owner Annual Compensation: $915k
Asking price: $1.3M
Established Massachusetts Primary Care Practice for sale located in charming Newburyport, Massachusetts, 35 miles northeast of Boston. Newburyport is an historic seaport community in Essex County, Massachusetts that draws visitors worldwide. The city is known for its historical landmarks, fine beaches and beautiful architecture.
This Primary Care Practice for Sale provides comprehensive primary care and family practice services from infants through adulthood including management of chronic health concerns such as diabetes and acute care needs including bronchitis, well-child visits, well-woman visits, school physicals, male wellness care, skin care, sports physicals, immunizations, annual physicals, family care visits.
Owner/Physician, two Physician Assistants, six Medical Assistants, one Office Manager, One Coder/Biller, and One Bookkeeper are willing to stay to assist in smooth transition. The office averages 12-20 patients per provider per day.
Current medical office space consists of 2,756 sf in a 20,000 sq. ft. professional building with good foot traffic. The building is located on a highly visible corner lot on busy Route One, close to a bus stop and train station. The office is only a five-minute drive to a 120- bed community hospital with specialty and 24/7 ER coverage. The medical office space has one large waiting room, eight exam rooms, two restrooms, ample front desk and administrative space, six private offices with six work stations. Rent is $15,000 per month. The building is owned by the owner of the practice and is for sale or lease separately from the sale of the medical practice. The new owner can expect rent between $8,000-$9000 per month. Electronic medical records are currently managed with eClinicalWorks.
This Massachusetts Primary Care Practice for Sale has active marketing strategies in place including social media search engine optimization, targeted content blogs, print marketing and information kiosks in local pharmacies.
There are numerous opportunities for additional streams of income. The practice has always been a very successful traditional family practice. The community is very open to alternative and complementary medical practices in addition to traditional medical practices. There is consistent patient interest in nutritional counseling, weight loss programs, allergy testing, cardiac testing, pulmonary testing, osteopathic musculoskeletal therapies including acupuncture, acupressure, and rolfing therapies. In addition, laser,prolotherapy, botox injections, and other cosmetic, aesthetic, regenerative and concierge services offer potential for multiple ancillary services.
Newburyport, Massachusetts is located on the Merrimack River where it meets the Atlantic Ocean. The city has carefully preserved its architecture and heritage, and mindfully blended with vibrant, contemporary growth. The area offers abundant water recreation and boating in Newburyport Harbor accompanied by the Newburyport Yacht Club. The Newburyport Art Association and the Firehouse Center for the Arts support fine art and performing arts. The Market Square Historic District is alive with restaurant choices and shopping opportunities. Plum Island offers beautiful beaches and the historic Plum Island Lighthouse. Nature lovers can explore the Parker River National Wildlife Refuge, Maudsley State Park and The Mass Audubon Center.
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.