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Urgent - Primary Care for Sale Lake Oconee, GA

Putnam County, GA

Seller Financing Available
Typical Reynolds Plantation home
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Asking Price: $1,500,000

Cash Flow: $267,000

Gross Revenue: $1,200,000

EBITDA: N/A

FF&E: $150,000

Inventory: $20,000

Real Estate: $1,800,000*

Established: 2011

*not included in asking price.

Urgent - Primary Care for Sale Lake Oconee, GA

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Business Description

15,000 Patients in Profitable Practice

Upscale 7 year old urgent care, primary care, wellness center for sale by successful 2 physician owner practice with 15,000 patients. Located in upscale Lake Oconee resort area near Reynolds Plantation and the Ritz Carlton in Eatonton, GA and 20 minutes from historic Madison. With or without real estate and perfect for hospitals looking for referrals, multi-specialty groups looking to extend east of Atlanta or north of Macon and those looking to expand along the growing I-20 corridor between Atlanta and Augusta. Professionally done full practice valuation and sales proposal along with all financials including financials, tax returns and supporting documents for serious buyers who sign a standard NDA. Rental rate set at $18 psf triple net in long term lease on the 6,500 square foot urgent care space or 9,000 square foot purchase (including fully rented 2,500 sf 2nd office) facility can be bought for $1.8 million from the owners. Two physician owners only spend 2 days per week each in the 7 day a week facility using employed physicians and physician extenders.

Attached Documents


Detailed Information

Location:
Putnam County, GA
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
9,000
Employees:
14
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
$150,000 worth of equipment included. 9,000 square foot facility which has the practice in 6,500 square feet and a long term tenant in the additional 2,500 square feet for $1.8 million.
Competition:
There are no other urgent care centers within a 10 mile radius of the center. Several other primary care practices, but the practice gets referrals from two area hospitals. This is the largest practice in the area. The area has some of the highest demographics in Georgia and has over 21,000 people in the county and
Growth & Expansion:
This is a perfect center for a hospital or multi-specialty group looking to expand into the Reynolds Plantation area.
Support & Training:
Owners can stay on board for up to 6 months to facilitate new clinicians. Current employed MD and several NP's have expressed a desire to stay as has the staff. The
Reason for Selling:
Owners are a hospitalist and an ER physician looking to expand those hours
Business Website:
http://www.lakeoconeeurgentcare.com/
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Business Listed By:
Jordan Rice

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