Executive Summary

Business Description

Established in 2007, this Urgent Care Clinic has grown significantly over the past several years. Gross Sales in 2010 were $3,448,299 with $880,243 in Seller’s Discretionary Earnings. Year to date sales for 2011 are $2,458,829 through July with $922,364 in Seller’s Discretionary Earnings. The clinic is 4,600 square feet and the rent is $10,743.62 a month including C.A.M. charges. The owner is negotiating an extended lease term with a reduced rent in the amount of two to three thousand a month. Services are available seven days a week for urgent care needs including Lacerations, Fractures, Minor Burns, Back Pains, as well as many other urgent care needs. Occupational treatment is another service offered for sprains, fractures, lacerations, minor burns, back pain, and repetitive injuries of all types. Most insurance are accepted at this clinic but if you do not have insurance it is only $75 a visit. Urgent care clinics provide an invaluable service to local communities that treat illness and injury that do not require immediate, but not emergency, care. Also, no appointment necessary, just walk in. Average wait times are around 30 minutes. The owner works an average of twenty-eight hours a week and most of his time is spent on administrative responsibilities and marketing. The clinic gives out a tremendous number of referrals to Orthopedics making this an excellent and synergistic acquisition opportunity for an Orthopedic Practice, a Physicians Group, an Urgent Care Company expanding, or to an individual as an owner operator. The owner does not have to be a doctor to own the business but a Medical Director is required. The current medical director receives a fee and is also a Physician at the clinic. Discretionary Earnings will exceed $1,000,000 for 2011.