After 37 years of practice, I am beginning to transition into retirement and am looking for someone to purchase the building and practice as a package. Step into a turn key, all cash, practice with excellent local reputation and income.
The attractive, craftsman styled building is located in the very desirable University of Puget Sound neighborhood and is located on a bus line. Building is approximately 2200 sq ft total including 1350 sq ft on the main floor with 2 consulting rooms, 2 exam rooms, a large, very nice waiting room with fireplace, a large staff/clerical area with three desks and file cabinets, and a dispensary room with sink and shelving. The second floor is a studio of approx. 800 sq ft, with kitchen and bath. Upstairs studio was used as a counselors office for 20 years.
Estimated current value of building is $610,000. The estimated value of furniture and medical equipment is approximately $25,000. We are looking to sell the building and practice, including all charts, patient goodwill, medical equipment, & supplies, office furniture, business forms, article/reference archives, and treatment guidelines for $615,000. The only other cost would be whatever the current dispensary inventory would be at the time of sale. Since we only carry products our patients use regularly, it should be a positive cash flow from day one.
The other doctor currently in the office pays both square foot rental and half of office expenses. She is interested in continuing on with the new owner. The upstairs office could be owner occupied or rented to counselors, acupuncturists etc.
Seller is willing to stay on to train new owner for a period of time to ensure smooth transition and continuity of care for current patients.
We would also consider financing for qualified candidates.
Advantages:
1. Step into a turnkey practice which will provide both rental and practice income from day one. Plenty of room for growth potential.
2. Well known and respected practice in area
3. Attractive, well maintained office building
4. All cash practice at this time. Avoid hassles of dealing with insurance. (or transition to insurance if that is your preference)
5. Practice and medical equipment are included in sale price of building.
6. Tacoma is a great place to practice and live with more affordable homes compared to Seattle, easy access to puget sound and the mountains.
If interested contact: Paul Reilly, ND,L.Ac (paulreillynd@gmail.com)