Pediatric Clinic - Midtown Area
This is a pediatric clinic located in the midtown area of Houston specializing in the regular care of children, as well as the diagnosis and treatment of illness in children that include vaccinations, health exams, and treatment of common ailments, diabetes, injuries, and handles the complex emotional and behavioral issues faced by children. She sees patients from birth until the age of 18. The doctor is Board Certified and is affiliated with St. Joseph Medical Center and Texas Children's Hospital. Insurance coverage is with Aetna, Blue Card, Cigna, Humana, and Multiplan. Approximately 80% of the patients are covered by Medicaid. The doctor sees 10 to 20 patients per day of which 3 to 7 patients are new. The clinic has 4 treatment rooms and a triage room. The doctor is willing to train and work part-time in the practice after a sale.
Background information
Reference:
82420
Year established:
1999
Reason selling:
Retirement
Finance
Sales:
$417,000
Profits:
$124,000
Profit type:
Discretionary Earnings
Operations
Employees:
There is an Office Manager, Nurse Practitioner, and two medical assistants.
Equipment:
See list in file.
Inventory:
$8,000 medical supplies on hand.
Premises
Facility:
The clinic has 2,500 sq. ft. in a one story office building. The doctor owns the building which has 10,000 sq. ft. with three other tenant spaces. There is currently one vacant space in the building. The doctor would sell the real estate for $2 million.
Square footage:
2500
Rent and lease terms:
New lease @ $3,300 per month.
Location:
Midtown Area
Price and terms
Price:
$284,000
Down payment:
$50,000
Financing:
Sales price of $200,000, plus $84,000 in collectible receivables for a total price of $284,000 with $50,000 cash down, & new SBA loan for $234,000 payable over 120 months at 7.5% = $2,777.62 P/M.
Training:
As needed