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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. Revenues in 2017 were approximately $600,000 and discretionary earnings are averaging approximately $190,000. The practice leases space in a professional medical office complex.

This practice consists of a Family Medical Practice and a noncommercial Medical Research Department. Both the practice and the research department interact and share patients. Combined sales price is $275,000. The Owner is ready to retire as soon as possible!!

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
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:    $275,000     
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
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Seller Discretionary Earnings Current
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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
Fax: 888-603-1634

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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