Primary Category:Medical Practices Businesses for Sale
This long-standing family medicine practice is a Northern California Sole Proprietorship and has been in operation for the past 29 years under the ownership of its founder. Affiliated with a large Independent Physician Association in Northern California, this office consistently is ranked as a top 10% performer in the Physicians Group, and thus receives substantial bonuses. Operations include a Medical Doctor, Physician’s Assistant and 6 Medical Assistants. They utilize EPIC medical software as their operating system in the office. This practice has around 2,000 patients that have been cultivated through years of existence. They service all major HMO’s and several PPO’s, as well as Medicare and they participate in a Medicare Shared Savings Program (MSSP) that pays a yearly bonus as well. The office receives multiple calls per day asking if they are accepting new patients. The annual net revenue puts this practice in the top 5% for family physicians nationwide.
Who is the right Buyer for this? A Family Medicine Board Certified physician who has a clean record and wants to purchase an extremely profitable family medicine practice. Staff is aware of the sale of the business, and are looking forward to working with the new owner.
Financial Information
$1,950,000
Asking Price
$830,000
Cash Flow
$1,750,000
Gross Revenue
Negotiable
Down Payment
Yes
Financing
$825,000
Adjusted EBITDA
Business Location
City:
Northern California
State:California
Financing Comments
Seller financing may be available for a non-SBA Buyer, with amount and terms of financing dependent on the offered purchase price and quality of the Buyer.
Reason for Sale
The Seller is selling to pursue retirement.
Detailed information
Year Established:1997
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 7
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:40
Inventory Included: Yes
Inventory Value:
$5,000
Monthly Rent:
$4,888
Real Estate Available: No
Real Estate Included: No
Real Estate Value:
N/A
Building Size: 2444
FF&E Included?: Yes
FF&E Value: $50,000
Training/Support
The Seller is willing to provide training at 20 hours per week for 4 weeks for the new Owner. Additional training can be made available at a mutually agreed upon cost to the new Owner.
Facilities
They operate out of 2,444 square feet with rent of $4,888 and no monthly CAM charges. This lease ends in 5 years and is assignable.
Market Outlook/Competition
The U.S. physician groups market size was estimated at $349.49 Billion in 2024 and is projected to grow at a CAGR of 7.62% from 2025 to 2030. The market is expected to grow significantly owing to government initiatives to improve revenue for physician groups, a shift towards value-based care models, and the growing trend of solo practitioners opting to join large physician groups.