Owner Financing is Available
Business for Sale Overview:
There is a huge patient base that is comprised of residents of Chicago, Munster, Lansing and Highland, a 2 state population draw from over 3 million population of which over 1.7 million are females (US Census 2003). A combination of both a suburban middle class and a strong city population creates a Healthcare environment that is highly desired. The states of Indiana and Illinois are but minutes apart.
Ordinary Revenues/ Income in 2007 was approx $800,000 and 2008 was $718,000.
The Net Practice Income in 2007 was $359,400 and in 2008 was $355,700.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Excellent traffic visibility and signage.
The practice is in a professional facility in a prime free standing self owned location (partnered with another doctor) for 30 years with ample free parking space. The usable portion of the facility is approximately 2,641 sq. ft. out of an entire 6,109 square feet lot land space. The facility currently has dedicated space for the following: Clinic lobby, front desk office area, 8 treatment rooms, a dispensary, a receiving room, a lab, kitchen-lunch room, in-house bathroom, back office area, and 2 exits.
An electronic medical record system (EMR) is already in place at the facility. There is abundant free parking.
Market Competition and Expansion:
Competition: There are 7 Obstetrical crossover providers in the region providing coverage and 1 weekend for every 7 weeks the owner is on coverage. There are 25 OB-GYN providers between Chicago outskirts to the entire suburban Indiana communities. Ample high end hospitals. Outstanding Growth Opportunity: There are numerous opportunities for the practice to significantly increase revenues and profitability, by leveraging the Company’s proven reputation to provide premium patient care, and a new edge of Wellness and Cosmetic improvement on top of the existing female centered health care services. Additional revenue growth service opportunities abound through the expansion of the Cosmetic Rejuvenation services to include Laser Hair Removal, Microdermabrasion, Photo Rejuvenation, Botox injections, Dermal Fillers, LipoDissolve, and other conventional and alternative treatment services. Many of our services are significantly reimbursed in Indiana/ Illinois for many of our services and for some of the recommended growth services mentioned.
Reason for Selling:
Retiring. Willing to stay with practice.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: