Podiatry Practice for Sale
Harris County, TX
| Asking Price: | $650,000 |
| Gross Revenue: | $1,808,406 |
| FF&E: | $179,143 |
| Cash Flow: | $377,366 |
| Inventory: | $1,000 |
| Established Year: | 1999 |
Listing ID: 2263035Listing provided by BizBuySell
BUSINESS DESCRIPTION
Popular and Profitable Podiatry Practice for Sale
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.
DETAILED INFORMATION
Location
Harris County, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,400
Employees
12
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
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.
Competition
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.
Growth & Expansion
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.
Financing
$585K down/$65K over 60 mos. @ 8%.
Support & Training
Will train for 4 weeks @ $0 cost.
Reason for Selling
Seller is looking to retire and focus solely on specific niche virtual services.
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