Hot Listing
Well Established Internal Medicine Practice for Sale
Business Description
A solo internal medicine practice in Fairfax Virginia with full-time operation average net income about $260,000. The current average net income is about $160,000 as the physician is under semi-retirement and stopped accepting new patient. This practice is priced for a quick sale with the option of lease of the office at a below-average rental price.
This medical practice consists of the primary care physician and two full-time staff including front desk, administration, with referrals coming from major medical insurances, word-of-mouth, as well as other physicians. The medical practice office operates in a connected two condo units with about 1900 sqft office space shared with a general dental clinic. The medical physician occupies one full equipped exam room and two treatment rooms, with shared reception area and a physician’s office. Well trained staff can stay post sale, and the seller physician will stay during the transition period (no more than six months) to provide post-sale trainings.
Previous three year financials:
2024 Grows Income $213,767.00, Net Income $146,670.00 3-half days/week
2023 Grows Income $270,027.00, Net Income $203,263.00 Semi-retired
2022 Grows Income $233,706.00. Net Income $168,079.00 Semi-retired
This medical practice consists of the primary care physician and two full-time staff including front desk, administration, with referrals coming from major medical insurances, word-of-mouth, as well as other physicians. The medical practice office operates in a connected two condo units with about 1900 sqft office space shared with a general dental clinic. The medical physician occupies one full equipped exam room and two treatment rooms, with shared reception area and a physician’s office. Well trained staff can stay post sale, and the seller physician will stay during the transition period (no more than six months) to provide post-sale trainings.
Previous three year financials:
2024 Grows Income $213,767.00, Net Income $146,670.00 3-half days/week
2023 Grows Income $270,027.00, Net Income $203,263.00 Semi-retired
2022 Grows Income $233,706.00. Net Income $168,079.00 Semi-retired
About the Business
- Years in Operation
- 13
- Employees
- 2
- Currently Relocatable
- Yes
- Facilities & Assets
- Current location has been in operation for 13 years. The office consists of two condo units with 1900 SF shared with a general dentist. There is a large spaced waiting area and front office. The medical office has one fully-equipped exam room, two treatment rooms and a shared physician office. Two computers, printer and Fax machine, medical exam tables, refrigerators, office and exam rooms furniture,
• Newly built condo buildings at the street corners (five minutes walking distance)
• Superior Road Access @ Fairfax Blvd. (Rt. 50) & Chain Bridge Road (Rt - Market Outlook / Competition
- There is a normal competition in the area.
Demographics 2 Mile 5 Mile 10 Mile
Total Households: 19,400 96,491 367,749
Total Population: 56,253 264,704 1,018,439
Average HH Income $150,890 $167,996 $160,714 - Opportunities for Growth
- With a growing demographics in NOVA and newly built multiple condo buildings, future business growth looks great. The current business has not engaged in other forms of marketing beyond referrals from hospitals and other physicians. The Buyer can expand the business
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,800
- Rent
- $2,000.00 per month
About the Sale
- Seller Motivation
- The Doctor is retiring.
- Transition Support
- The Doctor is knowledgeable in the business and will provide training and transition to ensure the Buyer has all the tools to be successful.
- Financing Options
- Seller will consider financing for up to 50% for a well qualified buyer.
Listing Info
- ID
- 2385711
- Listing Views
- 1099
Listing ID: 2385711 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 of Use. Learn how to avoid scams.