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Podiatry Practice For Sale

Harris County, Texas, US
Asking Price:
$650,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,808,406
Cash Flow:
$377,366

This is an opportunity to own a well-known Houston-based podiatry practice that provides quality service to a diverse base of patients. They specialize in managing foot problems for patients of all ages and backgrounds, including a variety of podiatric conditions such as congenital, pediatric, diabetic, orthopedic and sports medicine issues.

With a strong brand, established staff and patient base, this provides the opportunity for an existing healthcare system or podiatric practice to expand in the greater Houston area, or for a new practitioner to get a head start operating their own practice.

Property Information

Real Estate:

Lease

Premises Details:

The practice operates out of an approximately 2,400 square foot space located in a multi-story medical tower, with an adjacent parking garage available for patients. The building has elevators, allowing for easy accessibility for patients with mobility issues. There is a front desk area along with waiting room, and 6 treatment rooms. Additionally, there is a doctor's office space with multiple desks for support staff, along with a stocked kitchen area.

Business Operation

Expansion Potential:

Opportunities for growth would include expanding capacity, by adding additional practitioners or adding additional locations. Also, partnerships with other general practitioners, health care centers, orthopedic groups and similar could provide avenues for growth. Incremental marketing and emphasis on digital and social media could also be used for growth. Other ideas for growth have included things such as: community partnerships with wellness programs, patient education and workshops, engaging in research and clinical trials, increasing targeted services to pediatric and senior patients, partnerships with sports and wellness organizations and similar.

Competition / Market:

There is growing demand for podiatric services as the aging population in the United States has led to an increased demand for healthcare services, including podiatric care. As people age, they are more likely to develop foot and ankle issues, contributing to the demand for podiatrists. As emphasis on preventive care and early intervention increases, podiatrists who offer preventive services will benefit. Also those who offer specialization and offer telemedicine services. Further, keeping up to date with the latest technologies will ensure competitive advantage.

Practices need to differentiate themselves through quality of care, patient satisfaction, and marketing efforts. Practices that prioritize patient-centered care models that include patient engagement, satisfaction, and positive outcomes may be better positioned for success.

While the primary competition is other podiatric practices - and to some extent competing specialties that have some overlap - this practice already follows the best practices listed above, has a strong reputation with well-established customer base and partners with related practices for complete coverage of services needed by the patients.

Reasons for selling:

Seller is looking to retire and focus solely on specific niche virtual services.

Trading hours:

Mon-Wed 9am-5pm; Thurs-Fri 9am-4pm

Employees:
10 FT/2 PT
Years established:
25

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

$585K down/$65K over 60 mos. @ 8%.

Furniture / Fixtures value:
$179,143 - included in the asking price
Inventory / Stock value:
$1,000 - included in the asking price