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Non-Emergency Walk in Urgent Care for Workplace Accidents

Occupational Health Care Clinics for “On the Job” Injuries – 100% absentee owner!

CASH FLOW
$1,293,871

Specifications

  • Price
    $4,950,000

  • Revenue
    $2,185,464

  • Cash Flow
    $1,293,871

  • Location
    3 locations in Northern Indiana

  • Profit Margin
    45%

  • Reason for Sale
    Approaching retirement

  • Lease
    Location 1: 3,500 sq. ft.; Location 2: 2,000 sq. ft.; Location 3: 3,000 sq. ft. (rent-free for 2 years)

  • Employees
    18: 1 Owner + 1 FT Nurse Practitioner, 3 PT Nurse Practitioners, 1 Practice Manager, 1 Office Manager, 9 Medical Assistants, 2 Rad Techs, plus 1 independent contractor for marketing purposes

  • Intangible Assets
    EMR software, little to no competition in the area, well-known to companies in every industry, not hospital affiliated

 

 

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.

 

Purchase Price:

$4,950,000

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Bank Loan Needed: $

Years
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Funding Details

Business:

Offer Price: $

% Buyer Cash Down at Closing: $

% Seller Carry Back via Promissory Note: $

year term at a rate of %

% of Purchase Price secured by Buyer and Seller

Total Bank Loan Need: $

% of Purchase Price

Desired Loan Type:

Desired Bank Terms: year term at a rate of %

Total Business Assets, Inventory, and A/R: $

Total Undercollateralized Loan: $

Loan Payments

Monthly Payment to Bank: $
Yearly Payment to Bank: $
Monthly Payment to Seller: $
Yearly Payment to Seller: $
Total Monthly Debt Service: $
Total Yearly Debt Service: $

Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

Cash Flow:
3-year avg. cash flow 		$
Annual Debt Service: $
RATIO:

Buyer's Net Operating Income (NOI)

The amount of money the Buyer will retain as profit.

Cash Flow:
3-year avg. cash flow 		$
Annual Debt Service: -$
NOI:

Buyer's Return on Investment (ROI)

The rate of return on the Buyer's down payment.

Down Payment: $
NOI:
ROI: %

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210 N 78th St. 2nd Floor
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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.