MergerPlace

Family Medical Practice

Illinois (McLean)


  • Asking Price: $749,000
  • Gross Income: $786,088
  • Cash Flow: $344,197
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $70,000
  • Listing ID: #207091
  • Established: 1993
  • Employees: 4 FT / 1 PT

Business Description

This is a busy family medical practice located in Central Illinois. The practice was started in 1993 and has been in the current location since 2000. Well trained staff is expected to stay. Seller is willing to work in the practice for a to-be-determined period of time to aid in the transition of patients. Electronic medical records system (Practice Fusion) is in place and staff is trained on this system.


Business Details

Primary Business Category: Services - Other Services
Location: Illinois
County: McLean

Company Information

Year Established: 1993
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4 FT / 1 PT

Financial Information

Asking Price: $749,000
Gross Revenue: $786,088
Cash Flow: $344,197
FF&E: $70,000
Inventory: $5,000
Seller Financing Available: No

Property Information

Facilities:

Free standing building on busy thoroughfare. The parking lot has recently been refinished and has 20 parking spaces. The building is 3,700 square feet and is located 1/2 mile from the nearest hospital. The office consists of 5 examination rooms, 1 X-ray room and 1 minor treatment room. Support areas include a nurse's station and lab area, darkroom, 2 private physician's offices and 4 lavatories, two for staff and two for patients. The waiting room contains 16 chairs and the vestibule has space for a wheelchair. The Real Estate is available for purchase but not included in the selling price.

Growth & expansion opportunities:

This practice is located in a growing area of the State with high employment and strong family values. The seller is in the process of adding a Nurse Practitioner. The facility could easily accommodate a second physician in family practice or in a complimentary specialty. The addition of an online practice website would help with exposure within the community and ease of making appointments for new patients.

Competition:

This locale is underserved for family medical practices.

Reason for selling:

Owner wishes to retire.

Support & Training:

Will train for 3 weeks @ no cost This is a family medical practice. License to practice medicine is required. The age range of the patients extends from 5 years to 65+ years with the majority of the patient population between 20 years and 65 years.

Contact Business Seller

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Business Listed By:

Terry Flanagan

Murphy Business Brokers