Notable Downtown Medical Group With Very Healthy Financial Picture

Pulaski, VA (Pulaski County)

Notable Downtown Medical Group With Very Healthy Financial Picture

Asking Price:$2,700,000

Cash Flow:$710,000

Gross Revenue:$1,543,355

EBITDA:N/A

FF&E:$250,000

Inventory:$9,500

Real Estate:$1,300,000

Established:1980

Notable Downtown Medical Group With Very Healthy Financial Picture

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Business Description

In 1980, this medical group was established in the historic downtown area of a beautiful town in Virginia that was founded in 1886. The doctor's office is a landmark in the town, and families have been coming to the same place for decades for all of their medical needs. The medical group has a well known and respected name in both the market area and business arena, and boasts a long roster of longstanding and loyal clientele. With two medical doctors, and two nurse practitioners on staff, the business is able to see a multitude of clients daily.

Prime Historic Location, Large Well-Trained Staff, & 35+ Years in Business make this an Exceptional Endeavor for any interested acquirer!

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
10,000
Employees:
19
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The modern facility that houses this business is a 10,000 square foot professional medical office building, separated into 4 suites. The main doctor's office suite includes a reception and waiting area for patients, and the rooms are conveniently sectioned off into 4 corners, one for each of the doctors/nurse practitioners at the practice. The two suites on the west end are currently being rented out to earn extra income. The one remaining suite on the east end is available for rent. There is ample parking and signage outside. The property is owned by the business owners, and space is rented out to each of the 4 doctors/nurse practitioners on staff.
Competition:
This medical office has a PRIME location in the city, located one block off the historic downtown main street, at the end of Jackson Park, which is the main green space in the downtown area. The doctor's office itself is a historic landmark; families have been coming to the same medical office for decades. Recently, the city has seen new development with the start of a revitalization project, focused on the historic areas downtown.
Growth & Expansion:
The doctor's office has seen consistent increases in both sales revenue and profits over the last 3 years. The service delivery process is one that a new owner could very easily adopt and carry on. Top and Bottom line profits could be increased by adding an Urgent Care facility in the vacant suite on the east end. Establishing a website and expanding the online presence of the business could also generate new business. Advertising has never been necessary before, but investing in marketing could easily generate new business.
Support & Training:
Currently, the business has 19 active full-time employees including one General Surgeon, one Family Medical Doctor, and two Family Nurse Practitioners. The business has staff and management in place to help a new owner successfully manage the transition, and to provide continuity after the owners' departure that clients know and trust. Staffing policies are outlined in an employment policy manual to ensure a smooth transition. In addition, the business owners are willing to remain involved for a 3-12 month post-sale transition period.
Reason for Selling:
Retirement

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GreenTree Acquisitions Inc.

Business Listed By:
GreenTree Acquisitions Inc.

GreenTree Acquisitions Inc.

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