Sold

Price: $799,000

Location: Chicago

Opportunities rarely come along in today’s market to buy an existing business of any kind let alone a Medical Practice with minimal overhead that can also be enhanced in any way the new owner sees fit without missing a beat. This Medical Practice has been well established for decades at this same location and is currently successful and growing. Plenty of opportunity as well as room for one or multiple professionals to work efficiently in the current office space with existing employees. The new owner will also receive transitional training as well as on-going consultation if needed from the current owner (Doctor) of this Medical Practice.

The upside is huge for a seasoned Medical Doctor or a new Doctor establishing themselves as a patient base is already established and relationships created with area hospitals. In addition, to grow even more is easily achievable as very little proactive advertising has been done to bring in an even larger audience. Most of the current business comes from repeat patients or new patients referred by current patients or patients of multiple hospitals who are referred by the hospital staff based on the reputation of the Practice.

Sale includes: All Business Assets such as the Business Entity, all Furniture/Fixtures/Equipment, all cash flow, all continued patient care, all patient records, all mecial practice relationships/affiliations, etc…

Key Attributes:

– Long Medical Practice history
– Decades of established patients in a diverse neighborhood
– Under-served community with captive patient base and growing
– Great Reputation for care and nearby hospital affiliations
– Cost effective high traffic location on major traffic route
– Located just off a major expressway and at both CTA train/bus & Metra train stops
– Ample parking in street spaces and at rear of building
– Annual Gross Sales continues to increase

Listing Details

Total Sales: $754,000

Cash Flow: $298,000

FFE: $10,000

Inventory: $2,000

Location

Monthly Rent: $1300

Square Footage: 1000 Square Feet