Non-Emergency Walk In Urgent Care For Workplace

Business Overview:

Established over 15 years, this non-Emergency walk in urgent care has provided their services to business owners in Indianna with their largest client making up less than 7% of revenue. The services provided include, Work Comp screenings and accidents, treating on the job injuries, DOT physicals, drug testing, and pre-placement screening. Buyer does not need to be a doctor; the owner is in his late 70s and is 100% absentee living in Mexico! Their team of 19 includes 1 Business Development Manager, 3 Providers (Nurse Practitioners), 3 Billing Reps, 10 Medical Assistants, and 2 X-Ray Techs. Included in the purchase, a buyer would be in receipt of 2 vehicles, medical equipment valued at $405,000, plus A/R and unbilled receivables of $1,220,000 which collateralizes the loan at 50%. This practice does not have any hospital affiliations. There is little to no competition in the area, outside of expensive hospitals. A 3rd location is fully equipped and ready to open as soon as the staff is all trained.

As a show of good faith and vested interest in the ongoing success of the company, the owner will carry 25%. Boasting a profit margin of 45%, the numbers speak for themselves! Priced at $4,950,000, this business is a passive opportunity with exponential growth opportunities requiring minimal additional resources to be expended.

Important Notes:
• Elderly Seller with only 2 years of Quick Books. Very unlikely a Quality of Earnings report will be able to be completed.
• SBA will only be available if a buyer puts cash down 15%
• There is a larger than normal A/R and unbilled Revenue.
• The owner is totally absentee, living in Mexico.

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Property Features and Assets:

AR & Unbilled Included: $1,390,000; Equipment: $350,000 – x-rays, medical equipment, office furnishings; Vehicles (2): $55,000.

Market Competition and Expansion:

A 3rd location is fully equipped and ready to open after they finish training the staff.

Reason for Selling:

Elderly, in his late 70s.

Additional Details:

Documents:

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