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Pediatric Practice For Sale - Chicago (North Side)
Description: 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.
Practice/Business Type: Primary Care>Pediatrics
Opportunity Type: Practice For Sale
Region: North America
Country: UNITED STATES
State: IL
City: Chicago

Location Type: Urban
Property Type: Professional Office Bldg.
FT Doctors: 2
PT Doctors: 1
Support Staff: 10
Exams/Ops/Lanes: 6
Facility Size: 2500 Sq Ft
Seller Assist: Seller can assist buyer with transition
Seller Work: Seller willing to work in practice after closing full time

Legal Name: Confidential
Confidential
Chicago, IL Confidential
Year Biz Established: 1985
Entity Type: S Corp
Web Site: http://Confidential
Broker Contact OK: Y
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Biz Asking Price:    499,000     
A/R Amount:    0    Included in asking Price: N
FF&E Amount:    155,140    Included in asking Price: Y
Inventory Amount:    5,000    Included in asking Price: Y
 
Gross Income Current
808,327
Prev Yr1
857,481
Prev Yr2
872,070
Prev Yr3
1,039,639
Seller Discretionary Earnings Current
134,339
Prev Yr1
30,892
Prev Yr2
85,914
Prev Yr3
102,465
History: The practice was started in 1985 and has been located in the current location since 1999.  The physician specializes in Pediatric and Adolescent Medicine.
Growth Potential: This practice realizes the majority of its current and new patient flow due to referral to the clinic, population density in the primary catchment area and participation in both insurance and local IPA plans.
Reason For Selling: The physician wishes to retire in the near future.
Other Remarks: The selling physician is willing to stay at the practice under an employment agreement for a 1 to 2-year period post-closing.

Seller is willing to carry a portion of the purchase price. (OAC)

Agent Profile

Medical Practice Brokers, Inc.
Terry Flanagan
7740 Foresthill Lane
Palos Heights, IL 60463
1-877-988-0911
Fax: 708-361-3220
terry@practicebrokers.com
www.practicebrokers.com

More listings from this agent

Terry Flanagan is our Medical Practice Sales Group affiliate in the Midwest region.

PROFESSIONAL EXPERIENCE

Terry was in practice as a chiropractor for twenty-five years.  During that period he has practiced as a solo practitioner, as a clinic director and as a primary care physician in a multi-specialty medical clinic.  His experience and knowledge of various physician operating structures provides both buyers and sellers with the insight necessary to attain their personal goals. He holds the prestigous Certified Business Intermediary (CBI) designation through the International Business Brokers Association.

Terry is also the owner of Circumference Valuations (www.CircumferenceValuations.com), a valuation company providing financial appraisals for professional practices and small to middle market companies.  Terry has taken extensive valuation training through the American Society of Appraisers (ASA), National Association of Certified Valuation Analysts (NACVA) and the Institute of Business Appraisers (IBA).  He is an accredited valuation analyst (AVA) through NACVA and is a Certified Business Appraiser (CBA) through the IBA.  He has extensive expertise in the valuation, negotiation and sales of professional practices.

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