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Family Practice/Medical Research

Sugar Land, Texas 77478

Asking Price: $1,365,000.00   FF&E: $25,000.00
Gross Income: $1,400,000.00 Inventory: Not Provided
Cash Flow: $700,000.00 Real Estate: Not Provided
Employees: 10 Year Established: 1980
This long established, successful practice is located in Sugar Land, Texas – one of the fastest growing communities in the State of Texas. The practice provides comprehensive wellness and curative services as well as noncommercial medical research. The sole practitioner spends approximately 50% of his time treating patients and 50% conducting medical research (Type 2 Diabetes, IBS, LIPIDS) and still averages approximately $1.4 million in revenues per year. Discretionary earnings are averaging approximately $700,000 per year. The practice leases space in a professional medical office complex. This practice consists of a Family Medical Practice ($530,250) and a noncommercial Medical Research Department ($834,750). Both the practice and the research department interact and share patients. Combined sales price is $1,365,000. Hurry, this opportunity will not last long on the market!!!!!!!! All prospective purchasers will be required to sign a confidentiality agreement and submit a current curriculum vitae for the owner’s review before detailed information will be released.

Facilities:

Modern professional medical complex. Leases 2,470 square feet. Family practice on first floor. Research department on second floor. Lease expires 12/31/2020, option to renew and buy-out option.

Growth and Expansion:

Owner expecting 10% growth.

Support:

Owner willing to assist in transition.

Financing:

N/A

Reason Selling:

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