Clearwater, FL (June 20, 2023) — European Equities is excited to announce the successful sale of six fully operational AFC Urgent Care locations, four additional AFC locations currently under construction, and one unassigned AFC franchise license, all situated in the Greater Tampa Bay area of Florida. The total sale value amounted to $32,000,000 for the businesses only, no real estate was involved. As the largest urgent care franchise in the United States with over 300 locations across 28 states, AFC Urgent Care continues to lead the sector. The transaction was expertly managed by David McComas and Kevin Hubbart on behalf of European Equities.
“During the nearly year-long, EEC assisted our client in preparing his business for sale, negotiating favorable terms, and identifying necessary professionals to support the transaction. With this proper preparation, and by engaging in a competitive process, we were able to attract multiple offers within the dynamic healthcare market, securing the highest value for our client,” said McComas. “Although franchise sale data for AFC is not publicly available, we believe this transaction represents the largest single sale of AFC franchises by a franchisee in terms of both total franchises and the price per unit.”
The AFC franchise portfolio was acquired by a group led by an experienced operator with a portfolio of over 200 franchises across the southeastern United States. McComas, Hubbart, and their team not only listed the properties on behalf of the Seller but also directly facilitated the successful acquisition by the Buyer.
European Equities is a full-service, boutique real estate development company. EEC, as a real estate broker and thru its related construction and property management companies, provides complete and seamless services for the life of a project, beginning with project conception, thru acquisition, planning and development, construction, leasing, property management, and ultimately divestment. Based in Clearwater, Florida, European Equities has provided its bespoke services throughout the United States for nearly a quarter of a century.
For more information, contact European Equities at 727-723-3771 or info@europeanequities.com