Rural Family Medicine Practice (Cash Only) with 3,000 active patients

Henderson County, TX
female doctor or nurse wearing a protective face mask next to a rural road.

Business Listed By:

Shaun Rudgear
(972) 433-5313

Asking Price:

$210,000

Est. Monthly Payment:

N/A

Gross Revenue:

$378,363

EBITDA:

N/A

FF&E:

N/A

Cash Flow:

$162,269

Cash Flow After Annual Debt Service:

N/A

Inventory:

N/A

Rent:

N/A

Established:

1984

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 a rural community between Dallas and Tyler. Excellent books and a matching reputation have led to this practice being an anchor in the community since 1984. This all-cash practice averages 3,400 encounters per year and sees adolescents to adults. Without insurance dictating how you deliver patient care, you remain in control.  Five employees, including a well-trained Physician Assistant, are willing to stay if given the opportunity. 

The single-level facility is designed to ensure efficiency while creating a warm, welcoming atmosphere for patients. At over 3,000 SF, the building can accommodate 3-4 full-time physicians and has a low long-term lease rate. 

This community has an excellent livability score and abuts a sizeable recreational lake known for watersports, fishing, and other activities.  Residents enjoy a rural feel while being close to major amenities.

Detailed Information:

Location:

Henderson County, TX

Real Estate: 

Lease, 3,000 SF

Lease Expiration:

3/27/2027

Employees:

5

Facilities:

The practice offers 1 procedure/urgent care exam room, CLIA waived lab, six well-equipped exam rooms, at least three provider offices, and several multi-use rooms that can be used for clinical care or administrative functions, and ample storage areas.

Competition:

Same location for the past 38 years, the sole physician within a 20-mile radius (North, South, West)

Growth & Expansion:

Practice is custom-made for adding ancillary services as well as the addition of other providers. There is currently no active marketing or website. The owner doesn’t participate in value-based contracting, but its efficiency and patient care make it a very viable candidate for inclusion into local area Accountable Care Organizations. 1) Add procedures, i.e., skin lesions 2) Add ancillary services, i.e., CLIA waived lab 3) Open to pediatric patients – emphasis on whole family care 4) Create internet marketing 5) Seek favorable payer contracts with area.

Financing:

$21,000

Support and Training:

Seller is flexible and willing to provide up to a six-month transition period, working as needed.

Reason for Selling:

Owner desires to retire and remain in area.