* Included in Asking Price
This firm is building Urgent Care Centers, a national chain of full service Urgent Care & Walk-in Medical Centers in the healthcare sector, with a target of $22 Million of annualized revenue in 5 years. Achieving the target revenue stream shall entail owning and operating 15 urgent care centers by ways of new build or acquisition over the next 5 years.
After building an Urgent Care Center in Northern NJ, this firm's second step in executing its strategy of building the target portfolio was building another Urgent Care Center in Northern New Jersey. Subsequent execution shall include establishing new Centers, and/or acquisition and conversion of primary care practices into urgent care centers. This will be done with ease by utilizing the seasoned management and medical team, licenses and best practices of the first center established in Sept 2013; and subsequent established centers. The management team includes the CEO, an international certified leadership trainer and strategic planner with a long track of business success, the Medical Director, with double board certified in Emergency Medicine and Addiction Medicine, a Board Certified Nurse Practitioner, the General Manager, with extensive healthcare facility management experience, and an experienced financial controller, are all coming together in a powerful partnership and determination to make this business a 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 $22 Million annualized business at a run rate @ 30%+ EBITDA
Successful execution of this plan requires adequate phase-wise funding. In this initial round there are 2 options that can happen in parallel:
Option A, the Company seeks to raise $250,000 of capital as equity at the center's current valuation of $2,500,000, or as a term loan.
In Option B, the Company seeks to raise $1 Million of capital to finance each of the third and the fourth urgent care centers respectively. The Company is seeking this fund either as equity at each center's initial valuation of $2,500,000, or as a term loan. The 4,500 square foot facility in the third center is located across the street from the Emergency Department of the latest hospital in the North East with over 270,000 admissions per year. The 40,000 square foot medical plaza will create a powerful synergy with the urgent care center. The underground parking garage has plenty of parking. The fourth center is 5,000 square feet in a medical plaza at the crossroads of major highways and plenty of parking.
The Management Team has developed very structured project plans, templates, business processes, forms and formulas that guaranties an identical approach of building urgent care centers. The team has also developed a Site Assessment Tool (SAT) that produces a detailed list of factors of success, plus a final factor of success for each location under consideration. This SAT is based on historical success records of several hundreds of urgent care centers nationwide.
Sunbelt has been engaged by the seller to be the exclusive broker to facilitate a sale of the company as discussed in this Profile. The information and financial data in this Profile was provided by the seller and from other sources believed to be reliable and no representation or warranty is made by Sunbelt as to the completeness or accuracy of such information. A buyer should do such due diligence as they deem necessary to verify the accuracy of all information relied upon by buyer to buy the business. Any opinions expressed in this Profile are subject to change without notice.
|Training/Support:||Seller will negotiate a transition period|
|Seller Financing:||Investment Option A) $250,000 for current operational center at a 10% equity share, or
|Sale Reason:||Option A) - Working capital
Option B) - Primarily for leasehold improvement and equipment|
Seller Reference #LINDENJ001-N691
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