Pediatric Practice-Fastest Growing County in VA

This well-established pediatric practice has a reputation for providing high-quality, comprehensive care to infants, children, and adolescents. Serving the local community for several years, the practice has developed a loyal patient base and a reputation for excellence in pediatric healthcare.

This practice offers a comprehensive range of services including infant care, well-child checkups, sick visits, pediatric mental health care, dermatology, gastroenterology, cryotherapy for warts, and medical ear piercing. The business also provides specialized services such as sports physicals and focuses on preventative care and personalized treatment plans to meet the unique needs of each child.

Strategically located in the fastest-growing county in Virginia, the practice operates from a modern facility equipped with state-of-the-art technology. The dedicated and experienced staff enhance patient experiences while streamlining operations. This practice is positioned for continued success, with opportunities to expand services and increase patient volume as the community around the location grows.

Products, Services & Licenses

This practice offers a comprehensive range of services including infant care, well-child checkups, sick visits, pediatric mental health care, dermatology, gastroenterology, cryotherapy for warts, and medical ear piercing. The business also provides specialized services such as sports physicals and focuses on preventative care and personalized treatment plans to meet the unique needs of each child.

In Virginia, pediatric practices must meet certain license requirements. These include ensuring that the pediatricians are licensed by the Virginia Board of Medicine, which involves completing a medical degree, residency in pediatrics, and passing the United States Medical Licensing Examination (USMLE). The practice itself must also comply with state health facility regulations, including obtaining appropriate certifications from the Virginia Department of Health, maintaining liability insurance, and adhering to HIPAA regulations for patient privacy.

The present owner is an Independent Autonomous Licensed Medical Practitioner who meets these requirements. For specific regulations and applications, it's advisable to consult the Virginia Board of Medicine and Department of Health websites.

Down Payment: $199,000

Cash Flow: $147,277

Inventory Included: Yes

Year Established: 2018

Year of last Acquisition: 2018

Days & Hours of Operation: Tuesday-Friday 10am-5pm

Owner Hours Per Week: 28

Employees: 5 ft 1 pt

Managers: 1

Absentee Owner: No

Lease Option: Yes

Monthly Rent: $3,300

Type of Location: Strip Center

Square Footage: 1,250

Franchise: No

Relocatable: Yes

Facilities Information:

This practice is located on a busy four-lane state highway in a retail strip center with other popular family destinations. The business features beautifully outfitted, well-furnished 1,250 square feet of operating space including 3 patient examination rooms, lobby and patient reception, medical storage area, break room, and restroom. The triple net lease runs $3,300/month and expires in June 2025. Renewal options are available or the practice could be relocated at the buyer's choice next summer

Terms and Conditions?:

Triple Net Lease of $3,300/month expires on June 30, 2025. Renewal options are available or buyer is open to relocate practice.

Reason For Sale:

The owner is selling in order to prioritize personal medical challenges and family needs

Training & Support:

Negotiable

Owner Qualifications:

The information contained in this Business Listing Information report was obtained from the business owner. Although believed to be factual, Murphy Business, its franchisees, brokers and agents make no representations or warranties as to the completeness or accuracy of the information. Anyone considering purchasing this business is advised to verify all the information directly with the business owner.

Competition:

This location is experiencing significant growth, recognized as the fastest-growing locality in the state. Between 2010 and 2020, the population increased by 26.5%. The area is attractive for its rural charm, proximity to nearby larger cities and its relatively uncongested environment. This growth is driven by a combination of new housing developments, improved infrastructure, and easy access to major federal highways such as I-64, which supports both residential and commercial expansion.

In terms of demographics, the median age is 43, with a strong family presence and a median household income of approximately $113,000, reflecting the county’s affluence.

The competitive density for local, specialized medical services such as pediatrics is extremely low affording excellent organic growth potential.

Potential Growth:

Regarding competitive medical practices, the county has a limited number of healthcare providers, making it an attractive area for specialized practices like pediatrics. Many residents currently travel for specialized healthcare, creating potential for growth for local practices. The competition consists mostly of general practitioners and family medicine practices, with fewer pediatric-specific options available locally. This demographic and competitive landscape makes this business well-positioned for further growth as the population continues to expand, especially with an influx of families and younger residents.