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Primary Care Medical Practice
Location: United States -> Texas -> East Texas -> Smith County
Industry: Health and Medical > Medical Practices




Business Summary

This 20 year-old medical practice focuses on Primary Care/Internal Medicine. Very profitable, well-established and highly efficient with top ranking in comparison to the national benchmark. This practice provides exceptional medical services. The 2020 revenue is projected to beat 2019's despite the ongoing COVID-19 crisis. The practice has 3100+ active patients and continues to grow, adding 30-35 new patients each month. Most of the patients are professionals, ages 25-60, with lucrative private insurance plans. Well-trained, dedicated support staff including a Nurse Practitioner, seeing 45-50% of the practice's patients, will stay on with the new MD. Seller will provide transition assistance to the buyer. All billing is done in-house and the practice accepts mostly private insurances. This is a one-of-a-kind medical practice with low overhead and high profitability. 2020 financials are annualized from January 1-September 30 2020 P&L.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,894,387
Cash Flow:   $1,536,177
Cash Flow Type:  EBITDA
Inventory:  $92,476
Seller Financing:  No

About The Business

Year Established:  2001
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased

About The Sale

Management Training and Support:  four weeks at zero cost
Reason For Selling:  Retirement




Print Listing Id: 700355003
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Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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