Medical Practice with Strong Cash Flow and Opportunity

Madison County, IL
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Asking Price:$900,000
Gross Revenue:$503,039
FF&E:$100,000
Cash Flow:$431,827
EBITDA:$364,927
Established Year:2010
BUSINESS DESCRIPTION

Only Physician-led practice in 10-mile radius

This is an established practice--a monopoly in the area. The practice is the only physician-led office and immediate care in the area. To best meet its patients' needs, the practice offers walk-ins, virtual visits, and immediate care appointments.

The doctor serves the community in primary care, managing chronic conditions including diabetes, hypertension, and COPD and providing immediate care, psychological care, wellness visits, routine follow-ups, adult medicines, and other medical support.

The practice has over 2,500 active patients and adds approximately 50 more each month. Current patients are the practice's #1 marketing strategy. Approximately 80% of all new patients are referred by current patients.

Expanding the scope of services or adding Pediatrics, OB/GYN, and other family-oriented medical providers readily accomplishes practice expansion.

The practice accepts all types of insurance, including Medicare, Medicaid, and Military TriCare.

This is an incredible opportunity to live and work in a beautiful community dedicated to a family lifestyle. The area has a wealth of parks and activities that draw people together. This would be a great fit for a doctor wanting to join the community. A visible doctor is a busy doctor.


DETAILED INFORMATION
Location
Madison County, IL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,400
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The 2,400 sq. ft. office is in a low-rent facility to manage overhead.
Competition
There are no physician-led practices/immediate care within a 10-mile radius. Nurse practitioners lead all other practices.
Growth & Expansion
There’s tremendous room for growth. Opportunities include adding new service areas like gynecology, pre-natal, and worker compensation. The office space is large enough to add additional doctors and nurse practitioners.
Support & Training
30 days.
Reason for Selling
Semi-retirement and provide telemedicine to underserved global markets.
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Fred
Sussman
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Fred Sussman