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Overview

Other Beauty and Personal Care

Dermatology Practice

Price: $499,000

Listing ID: DERM1

Entity Classification(M): Limited Liability Corporation

Annual Sales: $855,513

Seller Discretionary Earnings: $141,808

FF&E: $112,000

Year Established: 1981

Days & 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

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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 & Expansion Opportunities:

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.

Competitive Advantages:

Large client base. Added services derived from Medi Spa.