Upscale Family Medicine Practice with 8,600 Patients (10.4% CAGR)

Tyler, TX
doctor showing test results to a patient, portrait.

Business Listed By:

Shaun Rudgear
(972) 433-5313

Asking Price:

$600,000

Est. Monthly Payment:

N/A

Gross Revenue:

1,071,403

EBITDA:

N/A

FF&E:

N/A

Cash Flow:

349,806

Cash Flow After Annual Debt Service:

N/A

Inventory:

N/A

Rent:

$5,000 per month

Established:

2006

Business Description:

Come see for yourself why the hospital systems want to buy this practice.

The providers and their team of healthcare professionals truly believe in the principles of listening to and serving their patients. This practice aims to provide the best possible care for all patients in a timely fashion. They offer a wide variety of services, including complete physicals, well-child checks with immunizations, treatment of major medical problems such as hypertension and high cholesterol, skin biopsies, birth control management, and same-day sick visits. Additionally, they offer preventative care with weight loss and healthy diets.

Over the past three years, this practice has enjoyed a 10.4% compounded annual growth rate (CAGR), with gross revenues of $1,071,403 in 2021 from approximately 3,000 encounters. The provider team includes a physician and two nurse practitioners.

Detailed Information:

Location:

Tyler, TX

Real Estate: 

Lease, 2,500 SF

Lease Expiration:

Negotiable

Employees:

10

Facilities:

Located in a single-level 5,000 SF building which is shared 50% by the family medicine practice and 50% by the Med Spa located in an affluent and growing area. The area dedicated to the family practice included 7 exam rooms, 2 provider offices, 2 patient restrooms, 1 staff restroom, 1 MA/nurse station, and a storage room. The building has 29 dedicated parking spaces.

Competition:

This solo practice is one of the few independent practices in the area. Personalized service, no frustrating centralized scheduling experience, which is experienced in larger clinics.

Growth & Expansion:

The practice has the ability to double in size by expanding into the Medspa space. Cross-referral opportunity with Medspa co-tenant.

Financing:

$60,000 upon credit approval to qualified buyers

Support and Training:

The physician owner will provide transition support to ensure a smooth patient relationship transfer.

Reason for Selling:

Owner desires to pursue other business interests (Medspa).