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.
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.