For sale: Endocrinology practice Ventura County, CA
A very long established Endocrinology practice is now for sale in Ventura County in Southern California. This practice is located in one of the most desirable cities to live in Ventura County; in between Los Angeles and Santa Barbara. It’s also nestled against the beautiful Santa Monica Mountains, home to excellent schools, outstanding parks and a myriad of shopping opportunities.
Endocrinology practice for sale Ventura County, CA
The Endocrinology practice was first established in 1995 by the current doctor and he’s operated the practice ever since.
This is an exceptionally hassle-free endocrinology practice with the doctor only working about 16 hours per week for the last 10 years when he cancelled his contracts with PPOs. The practice since then is cash-basis except for Medicare patients, does not take Medicaid, any HMOs and no Obamacare.
About 90% of patients are seen for endocrinology and about 10% for internal medicine.
The doctor does not make house calls and his weekends are free.
The buyer of the Endocrinology practice will need a license with the California Medical Board as the current doctor will be retiring.
California Endocrinology practice points of interest
The practice specializes in Endocrinology and includes the following areas of expertise:
- Thyroid
- Diabetes
- Parathyroid
- Osteoporosis
- Metabolic Syndrome
- Polycystic Ovary Syndrome and other Endocrine Disorders
- Vitamin D
In 2015, the gross revenue for the business was $460,182 and for 2016 the gross revenue is projected to be about the same.
The owner net benefit or SDE (Sellers Discretionary Earnings) in 2015 from the tax returns was $251,828 and for 2016 it is projected to be a little higher.
The asking price for the practice is $255,000 plus $50,000 in inventory for the vitamins the doctor has made for him. The practice sells about $13,000 in vitamins per month.
Finance to buy this Endocrinology practice
If you hold the necessary license with the California Medical Board, finance is easily and readily available through local SBA lenders.
If you have questions about finance to buy this Endocrinology practice, please give Andrew a call on (916) 570-2674 so he can help you and introduce you to appropriate third-party lenders. Do it now while you are thinking about it.
For sale: Endocrinology practice
90% of the patients travel to this Endocrinology practice less than 20 miles to see the doctor with some patients travelling from parts of Southern California to receive a second opinion.
100% of patients make an appointment with the practice averaging 50 patients per week including 5 new patients per week.
Approximately 25% of new patients are a direct referral from previous patients and 25% of new patients are from professional colleague referrals.
If you have an interest to own and operate this very successful Endocrinology practice, please send an email to Andrew Rogerson or give me a call on above phone number.
Andrew will then send you a one-page executive summary of the practice and a Non-Disclosure Agreement to sign and return.
Once Andrew receives this from you he will send a link to a secure website where you can download a set of confidential information about this Endocrinology practice.
Sell your Medical Practice
Perhaps you are reading about this opportunity and already own a medical practice and are thinking about selling it?
There are many steps to buy or sell a medical practice. If you are thinking of selling your medical practice and would like some general information, visit the following link on Andrew’s website: Sell a medical practice in California.
