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u7.1396456526.Tx-Rm-2-04-01-14

Family Medical Practice For Sale North Central Illinois   $Call for Information   Illinois Practice Brokers Practice Brokers

This profitable family medicine practice is located in a professional office building in a city type setting. The practice was started in 2008. The practice was moved into its current location in February, 2011. At that time, the building underwent a renovation of the bathrooms and added new carpeting.

The office consists of 1,500 square feet and offers 20+ parking spots. The office building is owned by the seller with lease or purchase terms to be discussed.

The office consists of a large centralized waiting area with 8 chairs, a private physicians office, 3 examination rooms, 1 room for procedures, 1 consultation room, 1 nurses stations, and lab area. Two lavatories are present. The layout allows for ease of patient flow and efficiency of physician movement.

Patients are seen primarily by appointment with only 2% of the patient visits by walk-in. Emergencies are referred to the local Emergency Department. Average patient appointment length is 15 minutes. Average travel distance for most patients is 10 minutes. The physician takes call coverage. The practice admits about 10 patients per month with an additional 20 hospital consults per month.

Electronic Health Records (Amazing Charts) are in place. Insurance claims are transmitted electronically.

In 2013, collections were $602,000 with sellers discretionary earnings at $437,000. In 2012, collections were $547,000 with sellers discretionary earnings of $391,000

Broker: Terry Flanagan

Telephone: (877) 988-0911     terry@practicebrokers.com

Listing Number: 7108 Quote this number when contacting the Broker/Seller
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City, State/Province: Illinois
Asking Price: $Call for Information
Gross Income In 2013, collections were $602,000
Cash Flow / EBITDA: sellers discretionary earnings of $391,000
Seller Finance Available:
No
Real Estate incl:
No
Country United States of America
State/Province Illinois
distance: 587 Miles
Address North Central Illinois
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