Profitable and Growing Medical Practice for Sale, Katy, TX

Harris County, TX

Profitable and Growing Medical Practice for Sale, Katy, TX
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Asking Price: $770,000

Cash Flow: $296,701

Gross Revenue: $801,354

EBITDA: N/A

FF&E: $75,700

Inventory: $6,000

Rent: $2,150 /Month

Established: 2012

Profitable and Growing Medical Practice for Sale, Katy, TX

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Business Description

This medical practice is located in a fast-growing area in Katy, TX. The business has been growing since it was established in 2012.

The practice offers a full range of medical care for a variety of common issues and conditions, including treatment and care of chronic diseases and acute illness, preventative healthcare and weight loss program, primarily for adult patients.

The revenue in 2018 was $801,354 with Seller’s Discretionary Earnings (SDE) of $296,701. The projected revenue for 2019 is $960K with SDE of about $400K.

One of two owners is the practice manager, who is in need of relocating his time to other business, the remaining physician owner is unwilling to take over the administrative duties of the practice manager, so they have decided to sell the medical practice. Both owners will help with the transition, and the primary physician owner is willing to stay if the new owner needs. Terms and conditions are negotiable.

This is a rare opportunity for an existing doctor, or an investor with experience in the medical field to acquire an established, profitable, and growing medical practice in a fast-growing area.

Detailed Information

Location:
Harris County, TX
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
14,000
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Facility is conveniently located next to a Diagnostic blood lab a full-services radiology facility. Lease is assignable to a qualified buyer approved by landlord. The owner set up this Medical center in 2012 to practice quality, evidence-based healthcare services incorporated with preventive medicine and wellness. The physician is board-certified in Internal Medicine and has strong experience in treating patients for common illnesses as well as managing their acute and chronic conditions. A team of trained, knowledgeable, compassionate and dedicated medical and administrative staff complements the physician.
Competition:
>Rapid, strong growth (>20% in the last two years). >Huge client base (3000 active patients). >High patient satisfaction. >Low-overhead costs = higher productivity. >Well recognized with over 7 years in the same location. >Open on Saturdays. >Multi-lingual team of trained, knowledgeable, compassionate and dedicated medical and administrative staff. >Located close to most major area hospitals, full-service blood lab as well as fully equipped Katy Open MRI diagnostic facility nearby. >Accepts most insurances including Medicare, Medicaid, Tricare, Texan Plus, Aetna, BCBS, Cigna, Humana, >United Healthcare, and many other commercial insurance plans. >Offer routine adult vaccinations. >Schedule appointments for acute illnesses as quickly as possible. >Trained in the latest medical practices. >Welcomes walk-in patients without appointments. >Mid-lever provider addition in 2018 to support growth.
Growth & Expansion:
Most of the business comes in through medical insurance, web presence and positive google reviews. This is a fast growing market with a constantly growing demand. The buyer can include more services and extend the hours to see more patients. The buyer can also do rounds in hospitals and nursing homes nearby for additional business.
Support & Training:
4 weeks
Reason for Selling:
relocating
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(from currently available funds)
 
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Austin Zhao

Business Listed By:
Austin Zhao

Transworld Business Advisors

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Sponsoring Broker:
Gerald G. Brisson, CBI, M&AMI, CMAP

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