This popular pediatric practice is located in the Memorial Hermann medical office building near a large and growing planned residential neighborhood. The lease is held by Memorial Hermann and will be assigned through its real estate division. All clinic payor contracts are through the Memorial Hermann system as well. The clinic’s patient demographic matches that of the nearby neighborhood, a very nice and new community that is located just South of the clinic. The owner currently doesn’t take Medicaid patients, relying solely on commercial insurance and cash.
- Asking Price:
- $750,000 Furniture / Fixtures included
- Sales Revenue:
- $1,489,606
- Cash Flow:
- $470,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly Rent: $10,700.00
Business Operation
- Expansion Potential:
-
o High Demand for Pediatrics, growing area with fantastic demographics.
o Well-established referral network and a good location in busy Memorial Hermann medical office building.
o Opportunity for growth with a full-time MD, and/or additional providers.
o Opportunity for growth with expanded evening/weekend hours.
o Opportunity for growth by adding Medicaid patients.
- Reasons for selling:
-
Retirement
- Employees:
- 10
Other Information
- Support & training:
-
Number of Weeks Seller Will Offer Training: 1
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Owner Financing Terms: $100,000.00
Owner Financing Interest: 8%
- Furniture / Fixtures value:
- $45,000 - included in the asking price
