MergerPlace

Pediatric Clinic for Sale

Illinois (Cook)


  • Asking Price: $499,000
  • Gross Income: $808,327
  • Cash Flow: $134,339
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $77,570
  • Listing ID: #200795
  • Established: 1985
  • Employees: 5 FT / 2 PT

Business Description

The practice was started in 1985 and has been located in the current location since 1999. The physician specializes in Pediatric and Adolescent Medicine. Multiple hospital affiliations.


Business Details

Primary Business Category: Health Care - Ambulatory
Location: Illinois
County: Cook

Company Information

Year Established: 1985
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 5 FT / 2 PT

Financial Information

Asking Price: $499,000
Gross Revenue: $808,327
Cash Flow: $134,339
FF&E: $77,570
Inventory: $5,000
Seller Financing Available: Yes

Property Information

Facilities:

Professional office located along busy urban thoroughfare. The clinic consists of 6 examination rooms, CLIA approved lab, chart storage and refrigerators for vaccines, front desk and billing areas. An electronic health record system (E-clinical systems) is in place and staff is trained on the software. Parking and bus routes are convenient to the office.

Growth & expansion opportunities:

The clinic is large enough to provide space for another physician to to increase the amount of physician assistants in the area. Another growth potential is bringing in a complimentary physician on a half/day basis.

Competition:

The Primary Care industry, including pediatrics and adolescent medicine is projected to benefit from the healthcare reform laws, but not without overcoming likely obstacles. As more individuals attain health insurance due to the reform, demand for primary care services will increase. This trend will contribute to an estimated annualized growth of 5.0% over the next five years to 2022. After three years of relatively strong performance and with healthcare reform initiatives fully implemented, revenue growth is projected to remain robust, growing 4.1% in 2018 alone.

Reason for selling:

The owner would like to retire in the future. The selling physician would be willing to work 1 to 2 years under a new clinic owner.

Support & Training:

Will train for 3 weeks @ no cost This medical clinic specializes in pediatric care and adolescent care. The providers see patients between 0 months and 18 years of age.

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Business Listed By:

Terry Flanagan

Murphy Business Brokers