Established ENT Practice For Sale Job Listing at Robert Molle, MD in New York, NY (Job ID 4897060-2024-10-11)

Description

Astoria, Queens, New York Practice

For Sale / Full Time

Am I a good match for this opportunity?

Exceptional Opportunity: Acquire a Renowned ENT Practice with 40+ Years of Excellence in Astoria, Queens

Overview: 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 options

Transition 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 preferences

Why 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 location

Ideal 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 practice

Flexible 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 inquiries

In 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.