The Online Marketplace For Selling Your Medical Or Dental Practice

Big City Earnings in a Small Town Locale

Texas

Asking Price: $579,000.00   FF&E: Not Provided
Gross Income: $575,000.00 Inventory: $100,000.00
Cash Flow: $367,000.00 Real Estate: $250,000.00
Employees: 4 Year Established: 1966
This is a very profitable solo family medical practice located in East Texas. The Owner is only working an average of 28 hours per week, in casual attire with a very relaxed atmosphere and is earning an income (discretionary earnings) of $367,000 on an average annual patient fee income of $575,000. The Practice was established in 1966, as a family owned practice, and is currently seeing an average of approximately 6,100 patients per year. Both the Practice and the facility are being offered in a package deal. The total sales price is $929,000 ($250,000 for the facility, $579,000 for the Practice and $100,000 for X-ray, surgical suite, EKG and Developer). The facility is a standalone building consisting of 2,400 square feet with additional storage and covered parking on approximately 1 acre of land, including exclusive patient parking (25 spots). The space includes a waiting room, three private offices, 7 examination rooms (one of which is a surgical suite) and two lavatories (MD private restroom). Four of the examination rooms are equipped for OB/GYN treatments. The Practice is located 100 miles from the nearest International Airport, 27 miles from a major medical center, and 8 miles from the nearest hospital. The community is growing and offers custom homes, golf, fishing, tennis and extensive outdoor activities. The local high school has excelled in UIL Academics. In addition to the standard medical equipment and office equipment/furniture, the Practice is also selling: x-ray machine (lead lined x-ray room), developer, EKG (new), in house lab. The Practice has installed an Electronic Health Records system. A new owner will have the ability to convert part of the facility to Urgent Care which would increase patient volume. This is an outstanding opportunity. Don’t miss out! Contact Ken Harbin, Broker, 281-251-7166 or ken@practicebrokers.com for more information. All prospective buyers will be required to sign a Confidentiality Agreement and to submit a current Curriculum Vitae for the Owner’s review and approval. Detailed information will not be released without the Owner’s authorization.

Growth and Expansion:

A new Owner will be able to increase patient fees by 1) working more than 28 hours per week, 2) adding Urgent/Emergency Care, 3) adding OB/GYN services.

Financing:

0

Reason Selling:

Retirement
 
Listing Broker:
Kenneth Harbin
Medical Practice Brokers, Inc.
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