Family Medical Practice

Illinois (Lake)

  • Asking Price: $139,000
  • Gross Income: $242,360
  • Cash Flow: $96,880
  • Real Estate: Not Disclosed
  • Inventory: $5,000
  • FF&E: $24,513
  • Listing ID: #209595
  • Established: 1955
  • Employees: 2 FT

Business Description

The practice was established in 1955. The current seller took over the practice in 1986. The patient mix is 50/50 white collar and blue collar. The patient census includes:

5 years - 20 years 10%

20 years - 40 years 30%

40 years - 65 years 30%

65 years + 30%

The practice takes all major medical insurance. No Medicaid, HMO or capitation payment patients.

Business Details

Primary Business Category: Health Care - Nursing & Residential
Location: Illinois
County: Lake

Company Information

Year Established: 1955
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 2 FT

Financial Information

Asking Price: $139,000
Gross Revenue: $242,360
Cash Flow: $96,880
FF&E: $24,513
Inventory: $5,000
Seller Financing Available: No

Property Information


The seller shares a 2,000 square-foot office with another physician. The building is a stand-alone facility along a major local thoroughfare with adequate parking. The two physician's split all operating costs including rent, utilities, staff and operational purchases. The office consists of 4 examination rooms, 1 nurse’s station and 1 lab area. Additional work areas include a private doctor’s office, medical record filing area and a management area.

Growth & expansion opportunities:

This practice has existed in the current location for 60 years with a strong presence in the local area. Immediate opportunities for growth are expansion of office hours and introduction of electronic medical records. This office presents an opportunity for a new physician to enter an established practice with controlled operating costs or an extension office for an existing practice.


The area is under-served for family practices.

Reason for selling:

Physician wishes to retire.

Support & Training:

Will train for 2 weeks @ $0 cost. The operation of this practice requires an active Illinois medical license.

Contact Business Seller

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Business Listed By:

Terry Flanagan

Murphy Business Brokers