Seller's Contact Information
- RE: Short Pump American Family Care Urgent Care
- Contact: Buyer Services
Quick Facts
| Asking Price: | $600,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2019 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 768859778 | |
| Broker Reference #: | VA-AFC-SHORT PUMP |
Business Overview:
Incredible opportunity to buy an existing American Family Care (AFC) Urgent Care clinic for far less than building one from scratch. In addition, you’ll save 6 months of site selection, 6 months of buildout, and 2 years of ramp-up. This business is currently operating with reduced hours and services due to loss of two providers. An owner-operator would be an ideal fit to focus on the details. The franchisor’s training and support system make it possible to own a healthcare practice with no medical background even though there are some Physicians and other mid-level providers who are franchise owners themselves. Existing customer base from opening day.
American Family Care franchisees fill a valuable niche in the healthcare franchise industry, AFC is the largest privately owned urgent care system in the nation with over 300 clinics in 31 states and the only one who has a franchising model. More and more people are becoming frustrated with the inefficient and impersonal experience of visiting a hospital emergency room for non life-threating issues that could have been treated in an urgent care for a fraction of the cost and time. This frustration with ERs combined with the convenient and quality services provided has made urgent care one of the fastest-growing segments of the healthcare industry. Indeed, urgent care center franchises such as American Family Care are a great solution for on-the-go patients who are struggling with a wide range of injuries and illnesses or just need to stop in for a quick check-up or annual physical. AFC franchisees are able to provide a much-needed service for their community at an affordable price using a proven and perfected business model.
AFC has positioned itself to be a unique provider in the rapidly growing healthcare franchise industry. By offering a comprehensive range of services in an efficient manner, AFC fills the void between retail clinics with limited services, inefficient hospital ERs, and after hours services including nights and weekends when primary care offices are closed.
As patients become familiar with the broad range of medical issues that can be addressed at AFC, they will come to instantly think of our urgent care clinics as the clear choice to have their health issues resolved. Buildouts and equipment furnishings for a new facility of this type is typically $275/square foot. In addition to the training and support structure of the franchisor, this clinic is also located in a Master Developer Territory. Clinics located in Master Territories have an additional layer of resources and ongoing support to help them succeed. The new owner of this clinic will also be able to opt-in and join the newly established Management Services Organization (MSO) available to AFC location in the State of Virginia. This MSO has higher negotiated reimbursement rates with all of the insurance carriers compared to the contracts from the past 4 years from this clinic and will be able to negotiate more frequent rate increases with the growing number of AFC clinics in the state moving forward.
** Revenues disclosed are actual year-end 2021 revenues from this location, prior to the limited hours and service offerings due to the loss of two providers.
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Property Features and Assets:
New Construction (2019) multi-tenant strip center. Stoplight corner of major throughfare Broad Street and Dominion Blvd. which is the entrance to the largest office park in Richmond. Starbucks with drive-through, Noodles & Co, and Whitley's Peanut Factory are also in the center. Assets include all that is needed in the 9 exam rooms, one X-ray room, and one procedure room.
Reason for Selling:
One of the partners needs to sell.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is a franchise resale opportunity
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