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Medical Practice and Real Estate


The business is a family medical practice established in 1959. They have over 5,000 patient records and get 2 to 5 new patients per day.  They do not accept insurance or Medicare/Medicaid patients.  A new owner should accept insurance and Medicare/Medicaid patients to grow the business.  The doctor is retiring and wants to sell the practice and the related real estate.  The real estate includes 67,082 sq. ft. and has a 3,800 sq. foot free standing building wherein the medical practice uses 2,000 sq. ft. and 1,800 sq. ft. is leased to a dental practice at $2,650 P/M.  There is also a 2,054 sq. ft. convenience store on the property leased at $2,000 P/M.  In addition, there is an additional 1/3 acre of vacant land for future development.  


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Background information

Reference:

82457

Year established:

1950

Reason selling:

Retirement

Finance

Sales:

$210,000

Operations

Employees:

1 Adm. @ $14 P/H, 1 Nurse @ $20 P/H and 2 Part-Time Clerks @ $12 P/H.

Equipment:

Includes medical office furniture & equipment.

Inventory:

$1,000 medical supplies

Premises

Facility:

1. Medical Practice Building @ 3,800 sq. ft. 1 Convenience Store Building @ 2,54 sq. ft.

Square footage:

67,082 S.F. of land including 17,424 sq. ft. of vacant land for future development.

Location:

Northeast Houston

Price and terms

Price:

$1,200,000

Training:

As needed. The doctor is willing to work Part-Time for a year or so.

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