Asking Price: $395,000 Gross Revenue: $750,000Cash Flow: $225,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed FF&E: $50,000 included in asking priceShare 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.
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. No evening hours or Medicare.
About the Business
Number of Employees:
Building Sq. Ft.:
$3,600.00 Per Month
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.
Medical Practice for Sale in Greater Richmond Area
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