Asking Price: $850,000 Gross Revenue: Not DisclosedCash Flow: Not DisclosedEBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Office condo consisting of 2 combined suites (Suite 8 and 9) with a total area of 2779 sq ft. in a great location. Walking distance to Inova Mount Vernon Hospital. Ground floor units with great visibility. Brick exterior. Abundant parking. Has 2 entrances and 2 reception areas, multiple offices and exam rooms, 2 restrooms, one lab, one kitchen area and ample storage space. All furniture and equipment will convey. Total taxes for 2017 was $6,897.45. Condo fee is 583.51 per month for the 2 units and includes water and outside maintenance. Zoned C-5. Additional income is generated from two specialty medical professionals who are currently subleasing space.
This is a well established primary care medical practice in the area for over 30 years. The current owner took over the practice in 1998. There is one full time family practice physician and one part time internal medicine physician with about 1500 active patients. Age range from 6 years old and older but the majority are adults. Payer mix consist of Medicare, Tricare, most major commercial insurances and self pay. Athenahealth EMR and billing. Quest lab with a phlebotomist is in house. Allergy testing and immunotherapy is offered in conjunction with United Allergies. Well trained professional staff most of whom has been with the practice for over 10 years will remain with the practice after the sale. Seller is happy to stay for a negotiable period of time to transition the new buyer and ensure a smooth handover.
About the Business
Number of Employees:
Building Sq. Ft.:
all doctor tables, office tables, office cabinets, & fixtures, reception furniture convey. floor plan & inventory in attached documents
Growth & Expansion:
Fairfax county is the most populous county in VA. Business market mirrors its residential housing market, which combines the best of in- and out-of-city real estate. Its a great option for families who want to combine big city living w/ suburban safety & quality of life. The career options are varied, home values are solid & there is an emphasis on education. More than half of adult residents in Fairfax have earned a bachelor’s degree or higher. It was first U.S. county to reach a six-figure media household income. Fairfax is close to Washington DC & MD
250k Price Reduction! Medical Practice + Real Estate fairfax county va
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.