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OB/GYN PRACTICE-HOUSTON
Description: This is a well established OB/GYN practice that was established over 35 years ago. Located in Houston, Texas this practice has been priced to sell at $400,000. The owner is retiring but willing to assist in the transition phase to minimize attrition. The practice leases approximately 1,800 square feet from a major hospital system in a modern professional building adjacent to the hospital. The lease expires in 2019. In addition to the owner and his spouse, the practice employs 2 mid-levels and 1 receptionist. There are approximately 3,500 patients on EMR with 2,000 of those seen within the past 2 years. Gross collections have averaged $600,000 per year. This practice is perfect for the younger, more energetic physician. All prospective physician purchasers will be required to sign a Confidentiality Agreement and to submit a current Curriculum Vitae before receiving additional information.
Practice/Business Type: Primary Care Surgical>OB/GYN
Opportunity Type: Practice For Sale
Region: North America
Country: UNITED STATES
State: TX
City: Houston

Location Type: Urban
Property Type: Professional Office Bldg.
FT Doctors: 1
PT Doctors: 0
Support Staff: 4
Exams/Ops/Lanes: 6
Facility Size: 1800 Sq Ft
Seller Assist: Seller can assist buyer with transition

Houston, TX
Year Biz Established: 1990
Entity Type: S Corp
Broker Contact OK: Y
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Biz Asking Price:    $400,000     
A/R Amount:        Included in asking Price: N
FF&E Amount:        Included in asking Price: Y
Inventory Amount:        Included in asking Price: Y
 
Gross Income Current
$525,000
Prev Yr1
$583,000
Prev Yr2
$574,000
Prev Yr3
$650,000
Seller Discretionary Earnings Current
$237,500
Prev Yr1
$285,500
Prev Yr2
$253,500
Prev Yr3
$329,650

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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