Medical Business & Historic Building in Sevier County

Business Opportunity for Sale
Catylist Listing ID: 30824634
Property Subtypes: Health and Medical
Building Size (RSF): 2,398 SF
Sale Price: $779,000
Year Business Established: 2020
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Sale Terms: Cash to seller. Possible owner financing with $200,000 down.
Last Updated: 1/18/2023

Overview / Comments

Well established medical clinic in Sevierville. Opened in 1999, this business of 23 years has well-established clientele working with private pay and various insurance companies. Long time staff in place. Sale includes the business along with the commercial building. Eight exam rooms with five in the main building area and three in the adjoining building with room to expand. The building itself include exam and triage rooms, two bathrooms, kitchen area and waiting room area. The building is located in the historically area of downtown Sevierville and has been completely updated with new HVAC system and other upgrades. Two storage buildings included. Parking for 14 vehicles with additional space available.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Industry Segment: Medical Practices
Reason for Selling: Retiring.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $35,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $450,000
Employee/Labor Description: Three full time staff who have been with the business for over a decade.
Mgmt/Training Support Description: Sellers will work with new owner during the transition.
Competition/Market Description: Many existing accounts with over 5000 clients in database.
Growth/Expansion Opportunities: Sellers are retiring and have been slowing down the business. Room for large growth and income.
Seller Financing Description: Possible owner financing with a minimum of $200,000 down.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 18,405 29,502
Median Age: 38.93 39.07
Households: 7,409 11,630


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