Primary and Urgent Care on Hilton Head Island INCL. Property

Hilton Head Island, SC (Beaufort County)

Seller Financing Available
Waiting Room
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Asking Price: $375,000

Cash Flow: N/A

Gross Revenue: $70,000

EBITDA: N/A

FF&E: $50,000

Inventory: $2,500

Real Estate: $396,000

Established: 2018

Primary and Urgent Care on Hilton Head Island INCL. Property

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Business Description

Newer Urgent Care AND Primary Care on Beautiful Hilton Head Island, SC

Have you ever dreamed of opening a practice on Hilton head Island? This island Is always rated in the top ten beaches in America. Approximately 2.5 million tourists visit our lovely island every year.
Established Urgent Care and primary care practice located with high visibility on the main entrance to Hilton head Island on Highway 278. Set up to handle both Urgent Care needs as well as primary care practice For both locals and tourists. This practice was just started in 2018. It is well equipped to handle most urgent care and primary care visits. Well-established network of consults, established EMR, change of owner direction forces sale. May partnership with the right physician.

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Detailed Information

Location:
Hilton Head Island, SC
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,100
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3100 ft.² ranch-style building recently renovated in 2018 including all new air-conditioning/heating systems, All new flooring, all new paint, new signage, LED lighting throughout. Average electric bill is around $150 a month previously was around $600 a month. Building valuation is approximately $396,000 from tax records. Asset list including furniture and fixtures along with medical equipment will be sent after signing of nondisclosure agreement. EKG, lab equipment, four exam rooms, IV infusion area, procedure area are all fully set up and stocked.
Competition:
normal weekday hours and expanded weekend hours. This will be a cash only practice with “menu style” pricing very affordable to uninsured or underinsured patients. This demographic of patient encompasses approximately 22.6% of Hilton Head and Bluffton. We will assist insured patients filling out the paperwork to secure reimbursement from their insurance if applicable. This model which is becoming increasingly popular with practices will keep initial costs low and allow for measured expansion. The UCAA reported estimates that the average urgent care ce
Growth & Expansion:
In order to make the practice profitable, there needs to be two full-time clinicians and two part-time clinicians along with increased staffing. This will require additional Investment along with significant marketing increase. Currently, the only marketing is roadside appeal (every single person arriving by vehicle other than aircraft drive by the facility on their way on and off the island).
Financing:
Down payment of ~50% required with seven-year term On balance at 6% interest
Support & Training:
Limited support and training although the Clinician currently working at the practice is willing to stay for a period of three months to aid in transition and management. Possibly longer if needed
Reason for Selling:
Change of owner direction
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Business Listed By:
Michael

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