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Growing Podiatrist in High Traffic Area

Hudson County, New Jersey

Asking Price: Gross: Cash Flow:
$149,000 $127,585 $69,023

Inventory Value:
$1,000 (included in the asking price)

Business Summary:
Part-time podiatry practice grossing over $125,000 annually situated in a densely-populated mixed neighborhood. A lot of foot traffic & the office is in close proximity to the light rail. Only podiatrist within a 2 mile radius. Practice is heavy on orthopedics & diabetic shoes, & light on surgery. A new owner will take over the entire existing client base of 1,370. Furniture, Fixtures, & Equipment of $20,000 included in sale. OTHER EXPENSES: Office Equipment/Supplies $2502, Printing $896, Cable/Fax service $360, Water $250, Postage $198, & Cleaning $176 = $4382. A new owner could more than double gross sales & net income if the practice was operated full-time. Landlord would offer a long term lease with at least 1 option. Contact Seth Kain @ 201-317-4710.

 
   
   
Year Business was Established: 2010
   
Number of Employees: 1pt  
   
Facilities / Terms of Lease: 1,100 sq ft. All furniture, fixtures & equipment are in excellent condition. Plenty of street parking directly out front, and on some nearby side streets. The landlord will give a long term lease to a new buyer plus some options.  
   
Potential Growth/Expansion: A new owner can do more advertising and also promotions. If the practice is operated on a full-time basis, a new owner can more than double their gross.  
   
Competition: It’s the only podiatrist office within a 2 mile radius.  
   
Owner willing to finance: Owner will offer financing terms to qualified buyers  
   
Owner willing to train: Up to 2 weeks of on-site training.  
   
Reason for selling: Family reasons  
 

 

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