Established ENT Practice For Sale

Company: Robert Molle, MD
Location: New York
Posted on: October 19, 2024

Job Description:

Astoria, Queens, New York PracticeFor Sale / Full TimeAm I a good match for this opportunity?Exceptional Opportunity: Acquire a Renowned ENT Practice with 40+ Years of Excellence in Astoria, QueensOverview: A unique opportunity to acquire a well-established ENT practice, a true neighborhood institution located in the vibrant community of Astoria, Queens. This practice has built an excellent reputation for providing high-quality ear, nose, and throat care to a diverse patient base in New York City for over four decades.Practice Highlights:

• EXPERIENCED FOUNDATION: Founded and led by a highly respected Head & Neck Surgery Otolaryngologist with over 40 years of experience in the field.
• LONGSTANDING REPUTATION: Serving the Astoria community and beyond for more than four decades, establishing deep roots and trust within the local population.
• PRIME LOCATION: Situated in Astoria, Queens, very close to public transportation and only 25 minutes from Manhattan by train.
• HOSPITAL AFFILIATIONS: Affiliated with Mount Sinai Hospital and New York Eye and Ear Infirmary.
• COMPREHENSIVE SERVICES: Offers a full range of ENT services, including treatments for ear, nose, and throat conditions, refined over 40 years of practice.
• MULTIPLE INCOME STREAMS:
  • Thriving allergy practice with immunology testing and immunotherapy services
  • Framework for immediately profitable hearing aid dispensing service
  • Potential for establishing state-of-the-art balance testing and treatment
  • ESTABLISHED PATIENT BASE: Benefits from a loyal following of patients, including multi-generational families, built over decades of dedicated service.
  • GROWTH POTENTIAL: Currently sees over 20 new patients per month, even on a reduced schedule, with significant room for expansion.
  • REAL ESTATE OPPORTUNITY: Potential building commercial lease or outright ownership (details to be discussed with serious inquiries).Equipment and Assets:
    • Basic ENT equipment included in the sale:
      • Microscope
      • Audiometer
      • Tympanometer
      • Well-maintained office space and furnishings
      • Allergy testing and immunotherapy equipment
      • Building lease or ownership opportunity (details to be discussed with serious inquiries)Financial Overview:
        • Steady patient flow with consistent revenue, demonstrating stability over decades (exact figures to be disclosed to serious inquiries)
        • Well-managed practice with efficient operations honed over 40+ years
        • Multiple current and potential revenue streams: surgical practice, allergy services, hearing aid dispensing, and balance testing
        • Potential to significantly increase revenue through expanded surgical services (currently being referred out)
        • Additional income potential from real estate (building lease or ownership options to be discussed)Strategic Advantages:
          • Inherit a practice with deep community ties and a stellar reputation built over four decades
          • Tap into the growing healthcare market in Queens, one of New York City's most populous boroughs
          • Opportunity to modernize and expand services while maintaining a loyal patient base
          • Significant potential for growth by expanding surgical services and capitalizing on the many surgical cases generated by the existing patient base
          • Established allergy services with potential for profitable hearing aid and balance testing services
          • Potential for long-term stability through building lease or ownership optionsTransition Support:
            • Current physician is working on a reduced schedule in preparation for retirement, allowing for a smooth transition
            • Opportunity to learn from decades of experience during the transition period OR clean transition if preferred
            • Flexibility to tailor the transition process to the buyer's preferencesWhy This Opportunity?
              • Acquire a practice with a proven track record of success spanning over 40 years
              • ENT services are in high demand in the diverse and growing population of Queens and greater New York City
              • Multiple established and potential income streams: surgical practice, thriving allergy practice, potential for hearing aid dispensing, and balance testing
              • Significant potential for growth by expanding surgical services, expanding office hours, and increasing patient volume
              • Astoria offers a delightful place to practice, known for its great food, rich culture, and vibrant community
              • Rare opportunity to acquire a successful medical practice with potential for building lease or ownership in a prime locationIdeal Buyer:
                • Board-certified or board-eligible otolaryngologist looking for the autonomy and independence of owning an established practice with a rich history in New York City
                • Early career ENT professionals, including those a few years out of residency, seeking a turn-key practice with growth potential
                • ENT Surgeon interested in capitalizing upon the many surgical cases generated by the base of patients
                • Entrepreneurial physician ready to build upon a solid 40-year foundation in a dynamic urban market
                • Practitioner with interest in allergy, audiology, and vestibular disorders to further develop these thriving aspects of the practiceFlexible Acquisition Options:
                  • Long-term lease available for those preferring not to purchase the practice outright
                  • Potential option to purchase the practice for those in a position to do so
                  • Tailored financial arrangements can be discussed with serious inquiriesIn sum, this is an opportunity to acquire a successful ENT practice with over four decades of excellence, multiple income streams, and potential building lease or outright ownership options in one of New York City's most desirable neighborhoods.

Keywords: Robert Molle, MD, Elizabeth , Established ENT Practice For Sale, Sales , New York, New Jersey