Medical Practice

This is a medical practice located in SW Houston.  The doctor is board certified of the latest techniques and technologies.  She is multilingual and specializes in primary care.  She is a proud member of the Privia Medical Group.  They assume all the billings and remit to the medical practice.  87.5% plus her salary.  The medical practice has been in business for 27 years.  Retirement is the reason for the sale.  The freestanding building is 3,660 sq. ft. and the land area is 21,248 sq. ft.  the buyer can buy the building for $550,000 or not purchase the real estate.  She will lease the real estate for $4,000 per month for her 1,800 sq. ft. of useable space.  The other side of the building is sub-leased by another doctor for $1,100 per month.  The new owner can also move the practice to another location.  The practice averages 350 to 400 patients per month.  No adjustment was made for Privia Medical Groups 12.50% administrative fee for 2019 & 2018.