Well-established and highly profitable family medicine/urgent care clinic

FINANCIAL INFORMATION
  • Asking Price: $595,000.00 – The purchase price includes $50K+ of FF&E and 15K+ in supplies and inventory at cost. The seller is willing to entertain some seller financing to a well-qualified potential buyer.
  • EBITDA:
  • Gross Revenue: $980,000.00
  • Cash Flow: $329,675.00
  • FF & E: $52,000.00
  • Inventory: $15,000.00
  • Financing: Yes (The seller is willing to entertain some seller financing to a well-qualified potential buyer.)
BUSINESS LOCATION

DeKalb County, GA

DESCRIPTION

Successful family medical practice/clinic located in a strategic location with a track record of serving patients for over 24 years. The current doctor is pursuing retirement and is looking for someone who can continue to serve 5,000+ recurrent patients. The clinic is private pay only and currently accepts no type of insurance. Historically the practice has generated $980,000+ in revenue with $500K in discretionary earnings. The purchase price includes $50K+ of FF&E and 15K+ in supplies and inventory at cost. The seller maintains a detailed cash ledger of each transaction and will proof/show the revenues to a qualified potential buyer. The cost to open a similar practice to this one is 500K+ in buildout and equipment. Spanish-speaking Doctor or personnel would be essential as approximately 90% of the patients speak Spanish.

The seller is willing to entertain some seller financing to a well-qualified potential buyer.

INVESTMENT HIGHLIGHTS:
  • Strategic location
  • 5,000+ clients in the practice database
  • Fully built out and equipped operating practice

GROWTH OPPORTUNITIES:
  • Increase marketing efforts ─ The company relies on word-of-mouth referrals and currently does not employ any type of advertisement
  • Improve online presence ─ The clinic’s website could be improved to be easier to navigate and have an appealing layout with the ability to schedule appointments online.  Due to its excellent reputation, the clinic would benefit from obtaining more Google reviews
  • Accept Insurance ─ The clinic currently does not accept any type of insurance; accepting insurance would increase the patient reach of the clinic

REASON FOR SALE

Retirement.

FACILITIES

Leased 2,500 sq. ft. Space

Details

  • Home Based: No
  • Franchise: No
  • Distressed: No
  • Willing To Train: Seller is willing to train new owner for a smooth transition.
  • Real State Available: No
  • Is Property Leased: Yes
  • Real Estate Included: No
  • Is Management Staying: No
  • Days Open: M, T, W, T, F, S
  • Hours Open: 9:00 am - 5:00 pm
  • Full Time Employees: Operated by Owner
  • Part Time Employees: N/A
  • Building Size: 2500 Sq. Ft.
  • Listing Id: SA1618

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