Medical Practice for Sale in Greater Richmond Area

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Excellent Opportunity for MD or Nurse Practitioner
Asking Price:
$550,000

Gross Revenue:
$750,000
Cash Flow:
$225,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$50,000
included in asking price

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Business Description

Light & Raphael is pleased to offer for sale an industrial medical practice specializing in workmen’s comp cases and medical services required by employers. This was the first and is still the only dedicated medical workmen’s comp facility in the Greater Richmond area.

Long established, successful private practice for over 20 years. Excellent reputation and stable referral sources throughout the area. The practice provides comprehensive examinations, office services and laboratory procedures. Seller is willing to continue working during a transition period.

Financing possible for a qualified buyer.

About the Business

Year Established:
1996
Number of Employees:
8
Real Estate:
Leased
Building Sq. Ft.:
2,400
Lease Amount/Mo.:
$3,600.00
Lease Expiration:
3/31/2020
Facilities:
Monthly rent is $3,600 and the current lease expires in March 2020 although it contains options to renew. There is 2,400 square feet containing four exam rooms, two doctor’s offices and one procedure room. The business has resided at its current location for 20 years.
Growth & Expansion:
Opportunity for a new owner to take the business to the next level. Current owner has been battling health issues and works four days per week (although the practice operates Monday to Fridays). The practice would benefit from a website and a sales and advertising effort.
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About the Sale

Reason For Selling:
Owner wishes to retire.
Training/Support:
Seller will provide support and training following the sale.

Listing Info

ID:
1498064
Ad Detail Views:
119

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Business Listed by

Gavin Raphael

Light & Raphael

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