New Jersey Urgent Care Medical Centers Opportunity

New Jersey, NJ


Asking Price: Annual Revenue:
$250,000 Not Disclosed

Services: Medical, Dental


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RE: New Jersey Urgent Care Medical Centers Opportunity Broker: Frank Caroselli

Quick Facts

Asking Price: $250,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 2013
Employees: 5
BBN Listing #: 979038733
Broker Reference #: LINDENJ001-N691

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Business Overview:

This is an offering of an investment in a $25M-project that includes building and acquiring additional urgent care centers over the next 4 years in the State of New Jersey. All of the current Urgent Care Centers are located in strategic northern NJ cities. • The first is an Urgent Care, which started operations in August 2019; • The second started in March 2020, • The third is a Medical Care Center, started in early 2016 which will be acquired by our group in 2020; The remaining sites are under search and investigation. This specific offering is for the second Center started in March 2020. It is a new State-of-The-Art urgent care center. It is located across the street from one of the busiest Emergency Department in New Jersey. It is visible from Interstate 80 East and West bound, and is serving various northern NJ communities with populations of 155,868 in a 5-mile radius. This Center has plenty of parking. The 2,000 square feet facility is built with the State-of-The-Art technology. The Center includes fully digital and wireless X-Ray machine, EKG machines, Pulmonology Functional Test (PFT), fully digital triage monitors in every exam room, digital IP 24X7 surveillance camera system, alarm system, cloud storage, high speed wireless network and hardware firewall for absolute protection of cyber-attack. The center is licensed as non-physician owned Ambulatory Care facility offering both primary and urgent care by the New Jersey Department of Health. The center’s lease is 5 years plus 5 X 5-year options of renewal, for a total of 30 years. Rent starts at $4,000 a month for the five year with a standard escalation rate over the life of the lease. Operations commenced March 9th, 2020. The Center’s credentialing (contracts with payors of insurance companies) is near completion. It is fully staffed with the Medical Director, a Board-Certified Emergency Room Medical Doctor, 1 ER Physician, 1 Doctor of Nursing, 3 Nurse Practitioners, 5 Medical Assistants and an X-Ray Technologist. The management team for all of the centers includes the CEO, an international certified leadership trainer and strategic planner with a long track of business success The CEO is using 2 powerful arms to support building this national chain of urgent care centers; his healthcare recruiting company to provide all required healthcare personnel, and his leadership training and strategic planning company to develop outstanding customer service to patients and the most effective business processes. The Financial Target is a minimum of $25 Million annualized business at a run rate @ 25%+ EBITDA

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Reason for Selling:

Option A) - Working capital Option B) - Primarily for leasehold improvement and equipment

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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