Medical Practice for Sale in Greater Richmond Area

Colonial Heights, VA (Colonial Heights City County)

Seller Financing Available
Medical Practice for Sale in Greater Richmond Area
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Asking Price: Get Financing: $495,000

Cash Flow: $225,000

Gross Revenue: $750,000

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Lease Rate: $3,600 /Month

Established: 1996

Medical Practice for Sale in Greater Richmond Area

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Business Description

Motivated Seller - Reduced Price! Make an Offer

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.

Detailed Information

Real Estate:
Leased
Building SF:
2,400
Lease Expiration:
3/31/2020
Employees:
8
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
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.
Support & Training:
Seller will provide support and training following the sale.
Reason for Selling:
Owner wishes to retire.
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Gavin Raphael

Business Listed By:
Gavin Raphael

Light & Raphael

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