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Established Niche Medical Practice (Price Reduced)

Virginia Beach County, VA
Waiting Room
Waiting Room
Asking Price:$1,785,000
Rent:$4,500/Month
Established Year:2014
Gross Revenue:$700,000
FF&E:$500,000
Listing ID: 2216351Listing provided by BizBuySell
BUSINESS DESCRIPTION

Serving Federal, Military and Private Employers

Turn Key Practice provides exam services for general and occupational health along with injuries and illnesses from wartime exposures. Exams include but not limited to Military Readiness, follow up injury / illness exams, including blast, chemical exposure, burn pit, along with basic annual or follow up exams. Clientele include active and retired military, Border Patrol, USSS, FBI, TSA, and other specialty Government employees and Private employers, who require work, return to work & DOT exams. Services include EKG's, Spirometry, Audiograms, Agility test, Respirator Fittings, Blood labs paternity DNA testing including prenatal. Providers include physicians (MD, DO), Physician Assistants and Nurse Practitioners (PA-C, NP-C). Practice has growth opportunities, perhaps franchising. Business currently generating 600k plus annually with current staff. with two additional providers, revenue could easily reach 1.3 million plus and additional location potential!
Business is turn key ready, newly renovated office, all equipment, furnishings included in price. Current monthly revenues over 60k.

DETAILED INFORMATION
Location
Virginia Beach County, VA
Inventory
Included in asking price
Real Estate
Leased
Building SF
3,700
Lease Expiration
31/05/2027
Employees
8
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Turn key Practice. All furniture, fixtures, computers, lab fixtures, EKG, Audio booth, Exam room equipment, spot vitals, exam tables, agility equipment, training TV's monitor, cameras, drug screen including DOT approved Breath Alcohol machines, supplies on hand such as testing equipment for urine, hair, nails, breath. File cabinets and additional work stations, with content deleted for HIPAA compliance. Other than certain personal items that belong to owners, all else included. Value of such FFE, contracts, Receivables at transition, over 500k.
Competition
With our Clientele there is a backlog of appointments waiting to be seen. While there are competitors, most are Urgent Care which must see medical conditions first, causing a 3 - 4 hours of average wait time before a patient is seen. We pride ourselves to see patients within 5 minutes - No Wait. See Google ratings.
Growth & Expansion
Where would you like to go? FL, CA, AZ? If you have the liquidity to build this model and sustain for 6 -9 months until everyone was trained accordingly, you can go to Anytown USA where there is a substantial government or military presence - active and retired. With the backlog of patients growing, there is not a con to this business model, only gratification from those who serve or served this country that may make you want to open in another underserviced market. It took 10 years plus Covid to find the formula to success - The hard work's done.
Financing
REDUCED DUE TO HEALTH OF OWNER
Support & Training
Staff work well together, wish to remain a part of this growing business. Owners and staff will provide training through transition.
Reason for Selling
Owner health - reduced to $1,785,000.00 turn key
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Timothy Pugh
Phone Number
Timothy Pugh
Call Phone