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- RE: Two Thriving Cardiology Practices 5,000 Patients
- Contact: Lis Robert
Quick Facts
Asking Price: | $1,200,000 | |
Annual Revenue: | $2,118,440 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $953,907 | |
Total Debt: | Not Disclosed | |
FF&E: | $35,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2007 | |
Employees: | 6 | |
BBN Listing #: | 980798 | |
Broker Reference #: | 76931-263318 |
Business Overview:
This is a great opportunity to acquire 2 thriving cardiology practices serving the Houston and The Woodlands area for over 17 years, with a stellar reputation for patient care. Their success is built on a loyal patient base of over 5,000 individuals and a strong financial track record with consistent profitability year after year. Broad patient access is ensured through participation with Medicare/Medicaid and all major insurance carriers. Additionally, their accreditation in Nuclear Cardiology further enhances their service offerings.
This turnkey operation offers a comprehensive range of services, including cardiovascular procedures to treat coronary artery disease and peripheral vascular disease without surgery, comprehensive cardiovascular care, testing and interventions like cardiac catheterization, stent placement, and pacemaker/defibrillator placement and management among others.
This well-equipped practices boasts highly desirable location with excellent visibility and easy access, ensuring a convenient experience for patients throughout the Houston metropolitan area.
With an average revenue of $2,295,607 and Seller's Discretionary Earnings (SDE) of $1,071,783, the businesses reported $2,118,440 in revenue and $953,907 in SDE for 2023. Furthermore, one of the practices is sitting on a 6,500 square foot facility and offers immense potential for revenue expansion by accommodating additional doctors and equipment to serve a growing patient base.
A seamless transition awaits the new owner thanks to this perfect combination: A well-trained and loyal staff, including an MD. A low employee turnover rate which provides a strong foundation for continued success. The outgoing owner, looking toward retirement, will also provide a full year of support, easing the learning curve. Additionally, potential financing options for qualified buyers offer further flexibility. This established practices with great reputation, loyal patients, great profitability, ample services, prime location, dedicated staff and a perfect transition scenario, presents an exceptional opportunity for cash investors seeking successful and growing medical businesses. Don't miss out on this chance to build upon a legacy of high-quality care. For more information on this established cardiology practices and their exciting potential, please contact Lis Robert today!
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Property Features and Assets:
In 2007, a dedicated cardiologist built this practice from the ground up, driven by a commitment to exceptional patient care. Word-of-mouth recommendations from satisfied patients and doctors steadily attracted additional loyal patients, and as their good reputation grew, so did the number of individuals seeking their services. Over 17 years, the practice has served over 5,000 patients and fostered a strong network of referrals. By expanding their service offerings throughout the years, they ensured a larger number of patients, and by adding most major insurance plans, they broadened their reach, making their high-quality services accessible to an even wider population. Now, after nearly two decades of dedication, the founding doctor is looking toward retirement.
Market Competition and Expansion:
The 6,500 square feet facility offers additional space and offices that could be leveraged to accommodate additional Doctors, new offerings or additional services.
Strategically positioned on a high-traffic Interstate thoroughfare within a bustling Woodlands and Cypress strip centers, these locations offer exceptional visibility and ample parking for both staff and clients.
Reason for Selling:
retirementAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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