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:

$995,000

Est. Monthly Payment:

N/A

Gross Revenue:

$1,072,041

EBITDA:

N/A

FF&E:

N/A
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.

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:

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:

$105,000 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.