* Included in Asking Price
Ground Floor Offices of Exclusive High-Rise in the Midst of LA’s Most Prestigious Medical, Broadcasting, Production & Entertainment Companies!
Cosmetic Surgery and Dermatology Practice for Sale in Los Angeles, California. Established 21 years ago (7 years in current location), this high revenue, solo-M.D. practice (with collections of $2.5 million annually) is one of Los Angeles’ oldest and most respected liposuction and dermatology practices. Only a portion of the 4,800 square feet of highly-upgraded Class A office space is currently being effectively utilized, leaving tremendous growth opportunities to add new procedures, fill exam rooms, and maximize the potential major revenue stream of the Medicare and AAAHC certified Ambulatory Surgery Center (ASC). Designed with a vision for possible future expansion and enhanced revenue, two adjoining offices have been built to convert to a second operating room.
This modern ground-floor suite is divided into two wings with a common reception area/waiting room, offices, and large kitchen/break-room. The 2,300 sq. ft. surgery center is complete with a surgeon wash-up area, 2 bed recovery room, family waiting room, ADA restroom, consult-room, offices and exam rooms. The ASC also has its own private Emergency Generator that activates within four seconds of a power loss. A convenient back entrance allows patients to be transported in privacy. The 2,500 sq. ft. dermatology wing features plentiful fully equipped exam rooms and offices. This state-of-the-art facility is finished throughout with elegant furnishings and top-grade equipment.
The aesthetically pleasing ambiance is the perfect balance of modern design and patient comfort. The marble and frosted glass entrance is so grand to be worthy of its strategic location, nestled in the center of one of Los Angeles’ most affluent and desirable destinations. The staff of 9 have each been employed at the center from 3 to 20 years, and the owner can’t say enough about their dependability, teamwork, and expertise with patient care and quality of service. Substantial revenue is brought in by services performed by staff, which includes a certified PA, 1 RN, 2 estheticians, 2 medical assistants, 2 receptionists and a medical billing/insurance coordinator. The owner works approximately 30 hours per week.
The practice includes approximately 4,500 active patient files: 60% cash pay, 15% Medicare, 25% PPO. No Medical or HMO. Dermatological procedures treat medical conditions such as skin cancer, benign growths, and rashes. Cosmetic procedures include Botox, Sculptra, collagen and silicone fillers; laser treatments; vein therapy; hair removal; and a variety of peels. As one of L.A’s leading liposuction surgeons for both in-house cosmetic enhancement and HIV lipodystrophy treatment procedures, all plastic surgery is referred to outside local surgeons. The addition of an on-site plastic surgeon is a tremendous growth opportunity! Contact broker for a detailed practice profile, financials, and a complete listing of equipment and furnishings. NDA required. Financing is available.
Reason for Sale: Retirement. After over 34 years of working in the industry, the owner is ready to slow down. Seller’s immediate exit or extended phase-out will be coordinated with Buyer’s desires. He would be interested in continuing to work with patients on a part-time basis, and is available as necessary to facilitate a smooth transition to new ownership.
|Facilities:||Location! Location! Location! This practice is strategically positioned in an amazing 4,800 sq. ft. ground floor suite of an exclusive high-rise building, surrounded by cultural entertainment and L.A’s most prestigious medical, broadcasting, production & entertainment companies. The surgery center and medical offices were built of all new construction only 7 years ago. During first 14 years, this practice was located directly across the street. These highly upgraded offices are modern, aesthetically pleasing, and have been carefully designed for optimal efficiency and the comfort of patients and doctor alike. Both the surgery center wing and dermatology wing are fully furnished and optimally equipped. On-site patient parking is plentiful. Suite includes:
• Surgery center (and associated rooms)
• 10 exam rooms
• Physician offices for 4 doctors
• Coordinator office
• Product sales area
• Patient staging area
• Kitchen / Break-room
• File Room
• Large station for receptionists
• 2 Restrooms
• Gorgeous patient waiting room
• and more…|
|Growth Potential:||This practice has maintained a level revenue stream despite the recession, and is well positioned with a recent PPO contract expansion. Tremendous growth opportunities exist! Owner recommendations include:
• Utilize the existing ASC to capacity. Current utilization is far short of its revenue potential, as it is only used approximately 6 hours per week.
• Build second operating room in adjacent existing office space.
• Add plastic and/or other surgical procedures.
• Bring in additional surgeons, physicians, RN’s, PA’s.
• The existing exam rooms are approximately 60% utilized, and can be utilized to a far greater capacity.
• Expand office hours (currently Mon - Fri 8:30 a.m. to 5:50 p.m.)|
|Training/Support:||Transition period is negotiable with an emphasis on uninterrupted patient care and maximum retention.|
Seller Reference #AIM-COS0331
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