Business Overview

This profitable business serves one of Oklahoma’s thriving small cities. The Urgent Care occupies class A space in an ideal location. The advanced equipment and loyal staff plus the only X-Ray outside of the local hospital gives this Urgent Care a competitive advantage that has kept it growing and profitable.

Financial

  • Asking Price: $769,000
  • Cash Flow: $257,000
  • Gross Revenue: $1,285,000
  • EBITDA: N/A
  • FF&E: $60,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

retirement

Why is the Current Owner Selling The Business?

There are all types of reasons individuals choose to sell businesses. Nonetheless, the genuine reason and the one they tell you might be 2 absolutely different things. For instance, they might say "I have a lot of various responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be justifications to try to hide the reality of changing demographics, increased competition, current reduction in incomes, or a range of various other factors. This is why it is really essential that you not rely entirely on a vendor's word, yet instead, use the seller's response in conjunction with your total due diligence. This will repaint a more practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of operating businesses finance loans with the purpose of covering things like inventory, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that profit margins are too thin. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that must be satisfied or may lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in brand-new consumers? Often times, companies have repeat customers, which create the core of their daily revenues. Specific elements such as new competition growing up around the location, road construction, and also personnel turnover can affect repeat customers and also negatively impact future profits. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Obviously, the more people that see the business on a regular basis, the better the opportunity to develop a returning client base. A final idea is the basic area demographics. Is the business located in a largely populated city, or is it located on the outside border of town? How might the local typical house income impact future income prospects?