Single Doctor Medical Practice in Richmond Area

Not Disclosed, VA

Richmond Area


Asking Price: Annual Revenue:
$600,000 $450,000

Services: Medical, Dental


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RE: Single Doctor Medical Practice in Richmond Area Broker: Gavin P Raphael
Owner Financing is Available!

Quick Facts

Asking Price: $600,000
Annual Revenue: $450,000
Net Profit: $300,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $5,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 2
BBN Listing #: 306748609
Broker Reference #: Not Disclosed

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Business Overview:

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.

Doctor will provide support and training following the sale.

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Property Features and Assets:

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.

Market Competition and Expansion:

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.

Reason for Selling:

Doctor wishes to retire.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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