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Single Doctor Medical Practice In Richmond Area For Sale

Richmond Area, Virginia, US
Asking Price:
$600,000 Furniture / Fixtures included
Sales Revenue:
$450,000
Cash Flow:
$300,000

Great Opportunity for a Virginia Licensed MD or NP!

Light & Raphael is pleased to offer an established medical practice for sale in Richmond, Virginia.

The doctor is a general practitioner. It is an ‘S’ corporation. The Doctor will work with a buyer in a transition for up to 12-18 months. The ideal purchase of the practice is an MD currently operating in Virginia. The doctor is assisted by a receptionist and an assistant.

The practice has over 3,000 clients across the greater Richmond area and from areas as far away as Farmville, Amelia, Blackstone, Powhatan, etc. The Doctor sees an average of 100 clients each week. The practice still accepts new clients but is very busy. The Doctor does zero advertising and does not have a website or any social media presence.

Property Information

Real Estate:

Lease

Leasehold Rent:

$18,000 per annum

Location:

Location is leased for attractive rent

Premises Details:

The current lease is month-to-month and the landlord would happily sign a long-term lease. Rent is only $1,500 monthly. There is plenty of parking available. The practice includes a reception area, two offices, kitchen, two examining rooms and one extra room that could be used as a third examining room. The practice is handicapped accessible.

Business Operation

Expansion Potential:

The U.S. primary care physicians market size was valued at $283.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 4.7% from 2020 to 2027. Access to primary care providers can curb the growing rate of hospitalization, usage of prescription drugs, and prevalence of chronic diseases. General physicians practicing internal medicine, family medicine, and pediatrics provide early detection of diseases with immediate treatment, management of chronic conditions, and preventive measures. Primary care is the center of the U.S. healthcare system, reforms in the healthcare coverage will reenergize the infrastructure and aid the rebuilding of the primary care payment and delivery model. The comprehensive care provided by primary care physicians (PCPs) and the continuous patient and physician relationship is essential to improve the quality of care which will lead to positive patient outcomes in the long run.

Trading hours:

Doctor only works four days per week

Employees:
2

Other Information

Support & training:

Doctor will provide support and training following the sale.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$5,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Light & Raphael, LLC

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