Family Medicine Practice with Growth Potential

Longview, TX

Business Listed By:

Shaun Rudgear
(972) 433-5313

Asking Price:

$185,000

Est. Monthly Payment:

N/A

Gross Revenue:

$408,069

EBITDA:

N/A

FF&E:

N/A
N/A

Cash Flow:

$183,997

Cash Flow After Annual Debt Service:

N/A

Inventory:

N/A

Rent:

N/A

Established:

1998

Business Description:

Priced below market for quick sale due to owner’s desired retirement.

With over 42 years of providing personalized care to the 85,000 residents in this community of about in East Texas, this independent practice is well equipped to meet the unique healthcare needs of a wide range of patients. 2021 Gross revenues were $440,000 working 4 days per week. There are approximately 3,500 active patients. Because of this practice’s efficiency and patient care, it is a very viable candidate for inclusion into a local area Accountable Care Organizations, further enhancing profitability.

This practice is custom made for adding ancillary services, such as skin and other procedures, CLIA waived lab, as well as the addition of a mid-level provider.

Prime location adjacent to the regional medical center and access to a wide variety of specialists and ancillary services.

This practice is aggressively priced for a quick sale, as the owner desire to retire in this year, but is willing to provide at least a three-month transition period, working as needed.

Detailed Information:

Location:

Longview, TX

Real Estate: 

Lease, 1,604 SF

Lease Expiration:

1/31/2027

Employees:

2

Facilities:

Located with a medical office tower, this medical suite is approximately 1,600 SF and includes three well-equipped exam rooms and a procedure/urgent care room. In addition to a well-appointed waiting room/lobby, this well laid out clinic has room for expansion into ancillary services.

Competition:

N/A

Growth & Expansion:

Because of this practice’s efficiency and patient care, it is a very viable candidate for inclusion into a local area Accountable Care Organizations, further enhancing profitability.

Financing:

N/A

Support and Training:

Seller is flexible and willing to provide at least a three-month transition period, working as needed.

Reason for Selling:

Owner desires to retire and remain in area.