Family Medicine Practice & Urgent Care – High Market Share in Resort Town!

Family Medicine Practice & Urgent Care – High Market Share in Resort Town!

San Bernardino, CA


Asking 
$925,000
Gross Revenue 
$633,000
Potential Cash Flow 
$400,000

This San Bernardino resort city family medical practice and separate yet adjacent urgent care center is the ‘go to’ destination for many of this highly sought-after resort town’s resident’s and visitor’s medical needs. The multi-functional facility boasts 5 exam rooms (3 family medicine and 2 urgent care), lab with a draw station, medical records / chart room, large reception area, staff lounge, primary physician’s office, additional office for 3 staffers and a supply and storage room.

Accounts Receivable Included in Asking
No

Facilities

This 3,500 square foot office leases for $3,200 per month on a new 5 year lease with a potential 3 or 5 year option to be negotiated in the sale. The practice has an x-ray machine, which was $40,000 new, that has been recently refurbished with new lasers and tubes. All of the business's furniture, fixtures, equipment, goodwill, insurance and local employer and other agreement will be included in the sale.


Competition

Due to the family practice and urgent care clinic’s unique location and comprehensive offering, the business enjoys tremendous market share in this resort city. As a result, they do not face the amount of competition that one would in a large and more competitive market. There are alternative health care providers and specialists, with several others that may be found over 1 hour away, but this is the ‘go to’ location for both local and the resort city’s significant tourist population.


Growth & Expansion

While the business has a diverse revenue stream that is derived from the urgent care offering, family medical practice, both of which have agreements with nearby Hospitals / HMOs, local employers (for drug screening and other services). A new physician-owner may add their specialties to the practice, actively market their family or specialty practice to area residents and visitors and form additional formal contractual relationships with other major local employers or they focus on less formal cooperative agreements. Additional non-critical medical office services may also be explored and potentially provided. These often lucrative services may include weight management, injections, dermatology, minor cosmetic procedures (depending on facility and equipment requirements) or any number of complementary services. The company is not particularly active in marketing or advertising the practice. They hold that their dominant local, status as an incumbent and well-established service provider and local reputation and alliance with major local employers and a nearby Hospital and HMO provider provides a more than sufficient number of patients to optimize profitability. New management may, however, proactively market to new clients and add staff to facilitate as required. Given the practices attractive location, temporary or part-time staff may be viable option with services scheduled accordingly.


Support & Training

Seller will train for 2 weeks at 20 hours per week or as negotiated. They will remain through extended transition at an agreed upon rate, and do telemedicine on an extended basis.


Reason for Selling

Retirement


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