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Family Medicine & Urgent Care In San Bernardino For Sale

San Bernardino, California - South, US
Asking Price:
$925,000 (USD) Furniture / Fixtures included
Sales Revenue:
$633,000 (USD)
Cash Flow:
$400,000 (USD)

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.

Property Information

Real Estate:

Lease

Location:

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.

Premises Details:

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.

Size in square feet:
3,500

Business Operation

Expansion Potential:

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.

Competition / Market:

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.

Reasons for selling:

Retirement

Years established:
2003

Other Information

Support & training:

Seller will train for 4 weeks at 20 hours per week or as negotiated. They will work through an extended transition at an agreed upon rate and potentially perform telemedicine thereafter.

Furniture / Fixtures value:
$40,000 (USD) - included in the asking price

Contact The Veld Group

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