Profitable Family Medicine Practice Poised for Growth

Midland/Odessa, TX
mom with kid at the doctor.

Business Listed By:

Shaun Rudgear
(972) 433-5313

Asking Price:

$650,000

Est. Monthly Payment:

N/A

Gross Revenue:

$1,072,041

EBITDA:

N/A

FF&E:

N/A

Cash Flow:

$610,579

Cash Flow After Annual Debt Service:

N/A

Inventory:

N/A

Rent:

$2,775 per month

Established:

2019

Business Description:

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

A perfect opportunity for a Family Medicine provider looking for an independent practice located in the thriving community of Midland/Odessa in West Texas. 2021 revenue exceeded $1,000,000 working 4 days per week.


Excellent books and a matching reputation have led to this practice becoming the independent practice of choice in the community, with over 8,500 encounters annually. The practice has an established patient base of over 3,747 patients and a steady stream of 420 new patients annually.

In addition to office visits, walk-in appointments, physicals, and immunizations the practice performs numerous procedures including EKGs, breathing treatments, IV therapy, injections, sutures, foot exams, phlebotomy, in-house labs and excision of benign lesions.

Nearly the entire support staff is bi-lingual and includes management staff, a receptionist, a biller, two medical assistants, and a medical scribe. This is a turnkey practice opportunity with an experienced team in place.

Detailed Information:

Location:

Midland/Odessa, TX

Real Estate: 

Lease, 1,960 SF

Lease Expiration:

12/31/2023

Employees:

7

Facilities:

Ideally located adjacent to a regional hospital, this facility is specially designed to ensure efficiency while creating a warm, welcoming atmosphere for patients. The office contains approximately 1,960 square feet, with three exam rooms, one procedure room, three restrooms, a patient lobby with a reception office, a business office, and a staff lounge. This single-level office has abundant walk-up parking for patients and staff.

Competition:

N/A

Growth & Expansion:

Expand clinic schedule, add additional providers, offer additional services, implement a marketing plan, etc.

Financing:

$65,000 seller financing to qualified buyer

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.