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Family Practice/Medical Research

Description: This long established, successful practice is located in Sugar Land, Texas – one of the fastest growing communities in the State of Texas. The practice provides comprehensive wellness and curative services as well as noncommercial medical research. The sole practitioner spends approximately 50% of his time treating patients and 50% conducting medical research (Type 2 Diabetes, IBS, LIPIDS) and still averages approximately $1.4 million in revenues per year. Discretionary earnings are averaging approximately $700,000 per year. The practice leases space in a professional medical office complex.

This practice consists of a Family Medical Practice ($530,250) and a noncommercial Medical Research Department ($834,750). Both the practice and the research department interact and share patients. Combined sales price is $1,365,000. Hurry, this opportunity will not last long on the market!!!!!!!!

All prospective purchasers will be required to sign a confidentiality agreement and submit a current curriculum vitae for the owner’s review before detailed information will be released.
Practice/Business Type: Primary Care
Opportunity Type: Practice For Sale
Region: North America
Country: UNITED STATES
State: TX
City: Sugar Land

Location Type: Suburban
Property Type: Free Standing Bldg.
FT Doctors: 1
PT Doctors: 0
Support Staff: 10
Facility Size: 2470 Sq Ft
Seller Assist: Seller can assist buyer with transition

Sugar Land, TX 77478
Year Biz Established: 1980
Entity Type: Other
Broker Contact OK: Y
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Biz Asking Price:    $1,365,000     
A/R Amount:        Included in asking Price: N
FF&E Amount:    $25,000    Included in asking Price: Y
Inventory Amount:        Included in asking Price: N
 
Gross Income Current
1400000
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0
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0
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0
Seller Discretionary Earnings Current
700000
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0
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0
History: Family practice started in 1980
Growth Potential: Owner anticipates 10% growth in next 5 years
Reason For Selling: retirement

Agent Profile

Medical Practice Brokers, Inc.
Ken Harbin
6211 Larkmount Dr.
Spring, TX 77389
281-251-7166
Fax: 888-603-1634
ken@practicebrokers.com
www.practicebrokers.com

More listings from this agent

Ken is an experienced business appraiser specializing in the medical field. His designations include the Certified Business Appraiser (CBA) from the 'Institute of Business Appraisers' and the Certified Valuation Analyst (CVA) from the 'National Association of Certified Valuators and Analysts'. Ken specializes in assisting in the sale of medical/dental practices. His area of operations includes: Texas, New Mexico, Oklahoma and Louisiana.

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