Dermatology Practice

Summary Information

Internal ID:
Price:
Total Sales:

Seller Discretionary Earnings:
FF&E:

Industry:
Year Established:

Days and Hours of Operation:
Reason for Sale:
Listing Status:

DERM1

$525,000

$825,333

$178,108
$112,000

Other Beauty and Personal Care
1981

Mon - Thu 8:00 AM - 5:00 PM. Wed - Fri 8:00 AM - 3:30 PM.
True Retirement
Active

Summary

Description:

This is an excellent opportunity to acquire an established Dermatology practice.
Located in central Virginia, this full-service Dermatology practice is well known for years of personalized attention and professional care provided to its patients. With almost four decades in business, the professional and loyal staff is focused on providing the highest-level care that addresses a wide range of skin care options. Some of the many services provided include treatment for acne, basal and squamous cell carcinoma, growths, and annual skin cancer screenings. Over the years this business has built up a sizable and dedicated clientele by catering to each patient’s unique needs.
The dermatology practice is complemented by an on-site, full-service Medi Spa that offers complete services for the skin, hair, and nails. They specialize in cosmetic facial enhancement that produces a more youthful appearance. All services pay the utmost attention to each patients’ unique needs and expectations as the staff strives to achieve those goals.
The practice is fully staffed with nursing and medical assistants and front and back- office staff. A staff of nine employees supports both businesses. Additionally, the owner actively works in the business full time. All equipment required to operate both businesses is included in the purchase price.
The owner is willing to stay on under an employment agreement to ensure a smooth transition.
There is approximately $10,000 of saleable inventory that is not included in the asking price. The actual value at cost will be calculated as of closing and added to the purchase price.

Historical Summary:

This dermatology business began in 1981. Located in central Virginia, this full-service dermatology practice is well known for years of personalized attention and professional care provided to its patients. With over four decades in business, the professional and loyal staff is focused on providing the highest-level care that addresses a wide range of skin care options. Over the years this business has built up a sizable and dedicated clientele by catering to each patient’s unique needs.

Competition:

The Dermatology market is fragmented, with many large and medium-sized players accounting for the majority of the revenue. Dermatology is one of the most competitive specialties in medicine. With its expansive scope, dermatologists are able to treat a wide variety of medical conditions and diseases.

Growth and Expansion:

The foundation of dermatology is still helping people with medical skin problems, from psoriasis to skin cancer. With an aging population that is more health-conscious than previous generations, the expertise that dermatologists have will be more and more in demand in the coming years. Adding to this, there is increasing social pressure to maintain a youthful appearance, leading to a rapid rate of growth in the facial aesthetics sector of the market.

Location

Location:

Facilities Type:

Monthly Rent:
Monthly CAM:
Building Square Feet:
Facilities Description:

Central Virginia

Commercial Center

$4,800
N/A
6263

The facility is located in a commercial business park, comprised of several buildings, housing various businesses. Several medical related buisnesses are in clos eproximity to this business.

Labor

Full-time Employees:
Part-time Employees:

3
6

Support and Training

Support and Training:

Owner is willing to continue working under an employment contract to ensure a smooth transition as well as help the buyer continue to build the business.

LISTING BROKER

Steve Zimmerman, CBI

Steve Zimmerman, CBI
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607

Summary Information

Internal ID: DERM1
Price: $525,000
Total Sales: $825,333

Seller Discretionary Earnings: $178,108
FF&E: $112,000

Industry: Other Beauty and Personal Care
Year Established: 1981

Days and Hours of Operation: Mon - Thu 8:00 AM - 5:00 PM. Wed - Fri 8:00 AM - 3:30 PM.
Reason for Sale: True Retirement
Listing Status: Active

Summary

Description:

This is an excellent opportunity to acquire an established Dermatology practice.
Located in central Virginia, this full-service Dermatology practice is well known for years of personalized attention and professional care provided to its patients. With almost four decades in business, the professional and loyal staff is focused on providing the highest-level care that addresses a wide range of skin care options. Some of the many services provided include treatment for acne, basal and squamous cell carcinoma, growths, and annual skin cancer screenings. Over the years this business has built up a sizable and dedicated clientele by catering to each patient’s unique needs.
The dermatology practice is complemented by an on-site, full-service Medi Spa that offers complete services for the skin, hair, and nails. They specialize in cosmetic facial enhancement that produces a more youthful appearance. All services pay the utmost attention to each patients’ unique needs and expectations as the staff strives to achieve those goals.
The practice is fully staffed with nursing and medical assistants and front and back- office staff. A staff of nine employees supports both businesses. Additionally, the owner actively works in the business full time. All equipment required to operate both businesses is included in the purchase price.
The owner is willing to stay on under an employment agreement to ensure a smooth transition.
There is approximately $10,000 of saleable inventory that is not included in the asking price. The actual value at cost will be calculated as of closing and added to the purchase price.


Historical Summary:

This dermatology business began in 1981. Located in central Virginia, this full-service dermatology practice is well known for years of personalized attention and professional care provided to its patients. With over four decades in business, the professional and loyal staff is focused on providing the highest-level care that addresses a wide range of skin care options. Over the years this business has built up a sizable and dedicated clientele by catering to each patient’s unique needs.

Competition:

The Dermatology market is fragmented, with many large and medium-sized players accounting for the majority of the revenue. Dermatology is one of the most competitive specialties in medicine. With its expansive scope, dermatologists are able to treat a wide variety of medical conditions and diseases.


Growth and Expansion:

The foundation of dermatology is still helping people with medical skin problems, from psoriasis to skin cancer. With an aging population that is more health-conscious than previous generations, the expertise that dermatologists have will be more and more in demand in the coming years. Adding to this, there is increasing social pressure to maintain a youthful appearance, leading to a rapid rate of growth in the facial aesthetics sector of the market.

Location

Location: Central Virginia

Facilities Type: Commercial Center

Monthly Rent: $4,800
Monthly CAM: N/A
Building Square Feet: 6263
Facilities Description:

The facility is located in a commercial business park, comprised of several buildings, housing various businesses. Several medical related buisnesses are in clos eproximity to this business.

Labor

Full-time Employees: 3
Part-time Employees: 6

Support and Training

Support and Training: Owner is willing to continue working under an employment contract to ensure a smooth transition as well as help the buyer continue to build the business.

LISTING BROKER

Steve Zimmerman, CBI

Steve Zimmerman, CBI
REAL ESTATE TRANSACTION HANDLED BY

2009 Caminos Drive
Raleigh, NC 27607