Ophthalmology practice - Great Opportunity for a Doctor
Business Description
This is an excellent opportunity to acquire a well-known Ophthalmology practice with growth potential. Currently the doctor works two days per week
Located in central Virginia, this full-service Ophthalmology practice is well known for years of personalized attention and professional care provided to its patients. With over five decades of specialized experience in Ophthalmology and preventative medicine, the doctor / owner is focused on providing the highest-level care that addresses a wide range of eye care. Over the years this business has built up a sizable and dedicated clientele by catering to each patient’s unique needs. The practice serves over one thousand active patients and sees fifteen to twenty patients per day.
Located in central Virginia, this full-service Ophthalmology practice is well known for years of personalized attention and professional care provided to its patients. With over five decades of specialized experience in Ophthalmology and preventative medicine, the doctor / owner is focused on providing the highest-level care that addresses a wide range of eye care. Over the years this business has built up a sizable and dedicated clientele by catering to each patient’s unique needs. The practice serves over one thousand active patients and sees fifteen to twenty patients per day.
About the Business
- Years in Operation
- 51
- Employees
- 3
- Facilities & Assets
- The Ophthalmology practice operates out of a leased space within a major hospital in Henrico County, Virginia. The facility includes two exam rooms, a waiting area and an office. This practice accepts private insurance as well as patients from the Veterans Association. Additionally, they may be the only Ophthalmology office in the region that accepts Medicare. In addition to the doctor, the practice is staffed with three contractors: a technician, receptionist, and a billing staff.
- Market Outlook / Competition
- Ophthalmology has always been regarded as one of the most competitive medical specialties. There are one hundred and one licensed Ophthalmologists in Central Virginia. This covers the three main counties of Henrico, Chesterfield and Hanover. Having said this, this doctor is the only practicing Ophthalmologist in the area. His office is located in the medical building of a Community Hospital. The doctor sees many patients referred to him by the Veterans Administration. Additionally, the practice is the only one in the region accepting Medicare.
- Opportunities for Growth
- The hidden gem in this practice, either for a solo practitioner looking to go out on their own or a group interested in expanding their geographic footprint, is the fact that this doctor only works two days per week. The opportunity to significantly improve the practice could be realized by increasing the hours of operation. Presumably, another doctor would be able to perform the surgeries that the doctor refers out today, contributing to increased revenue growth as well.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 1,022
- Rent
- $1,750.00 per month
- Lease Expiration
- 12/31/2025
About the Sale
- Seller Motivation
- Retirement
- Financing Options
- Possibility for some level of Seller financing for the right Buyer
Listing Info
- ID
- 2337846
- Listing Views
- 498
Listing ID: 2337846 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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