Listing ID: 75011
This urgent care is in a phenomenal location with no expense held fully building out the interior. Their expanded services and newly remodeled building distinguish them from other practices in the area, bringing in more business each year. This practice is poised for growth in the Phoenix market as it currently only has two physician assistants and one physician.
- Asking Price: $1,000,000
- Cash Flow: N/A
- Gross Revenue: $606,572
- EBITDA: $95,000
- FF&E: N/A
- Inventory: N/A
- Inventory Included: Yes
- Established: 2016
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:3,131
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Situated with 6 exam rooms, a large lobby, doctors office, and a break room this practice runs efficiently with room for growth. With high end equipment ranging from an in house xray, tonometer, multiple EKG machines, a security monitoring system and much more.
The owners are willing to stay on as long as desired by the buyer.
The owners are unable to give the time to the practice that is deserves to grow
Located on a major road across from a high school that provides a number of patients and referrals throughout the year
Provides services that make them stand out from others in the industry such as DOT physicals school physicals, military physicals, some addiction medicine and primary care
The business was founded in 2016, making the business 6 years old.
The company has 7 employees and resides in a building with estimated square footage of 3,131 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. Nevertheless, the real factor and the one they tell you may be 2 absolutely different things. For instance, they may state "I have too many other obligations" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these might just be excuses to try to hide the reality of changing demographics, increased competitors, recent decrease in profits, or a variety of other reasons. This is why it is really important that you not rely totally on a vendor's word, yet rather, utilize the vendor's response combined with your overall due diligence. This will repaint a more sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the existing business is in debt, which many businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money in order to cover points such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can mean that revenue margins are too thin. Many companies fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area draw in new customers? Many times, businesses have repeat clients, which develop the core of their everyday revenues. Specific aspects such as new competitors sprouting up around the area, roadway building, as well as personnel turnover can affect repeat consumers and also adversely affect future incomes. One important point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business regularly, the better the chance to develop a returning client base. A last thought is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional typical family earnings influence future income prospects?