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Family Medical Practice In McLean For Sale

McLean, Illinois
Asking Price:
$374,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$786,088 (USD)
Cash Flow:
$344,197 (USD)

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.

Property information

Premises Details:

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.

Business Operation

Expansion Potential:

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 / Market:

This locale is underserved for family medical practices.

Reasons for selling:

Owner wishes to retire.

Trading hours:

Mon-Fri 8am-5pm; Sat 9am-12pm

4 FT / 1 PT
Years established:
25 years

Other Information

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.

Furniture / Fixtures value:
$70,000 (USD) - included in the asking price
Inventory / Stock value:
$5,000 (USD) - included in the asking price
This business can be relocated.

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