Description

Now at Sharply Reduced Price, Seller Financing, and 6-month Rent.

The Seller of this business has just reduced the price of this to $375,000 from $625,000. In addition, the seller will offer financing of $200,000 for three years and six months’ rent ($40,000). So in essence, the buyer gets this gorgeous facility with only $175,000 down!.

The Seller needs to close books on this This is a just one-year old center with modern amenities and a great location – next to the #1 grocery store in the town. The center is built to handle a blended care model – of urgent care and primary care as almost half of the patients do not have a primary care physician.

A qualified physician may be available to serve as a medical director.

This is a beautiful, upscale center, which is turnkey and being offered at the asset price. The Center can also lease out some space to a complementary practice. There is an interested physical therapy practice that may want to move in at $2,000 per month rent, and bring in 15-25 patients per day, many of whom can also become this urgent care center’s patient. The investors for the project have pulled out, forcing the owners to sell this center. With the reduced salary of the doctor and the possible rent of physical therapy / complementary practice, the break-even point is expected to be in high teens to about 20 patients per day.

Opportunity Highlights.
- 4,700 sq feet of spacious space next to a large grocery store
- 600 ft Physical Therapy space (Ready to be rented by a third party national Physical Therapy firm that will bring $2,000 / month revenue plus 15-25 PT patients per day)
- High end “Concierge VIP look” throughout
- 6 exam rooms- fully loaded
- New Digital X-ray
- Latest in vitals machines and standard Urgent Care equipment
- 2 marquee signs
- 20,000 cars per day
- Interest from an Audiology Group for renting some space

Market Highlights
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- 110,000 people in a 5 mile area
- No other urgent cares in 3 mile radius (only 2 others in town)
- 100’s of potential OCC Med Clients (currently 40 signed)
- Good family income, $90,000+
- Good education
- 25% of household with children

Financials
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-Assets: $625K
- Asking Price: was at $625K (at Asset Value). But Now only $375K (also seller financing available – $175K down and $200K financing for three years at 5% interest and $40,000 rent relief to cover 6 months of rent
-Reason for Selling: Lead investor is Exiting and hence the center was not able to open

Posted Jul 19, 2016

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