A medical practice in Gurnee is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Waukegan — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide medical practices playbook is on the industry hub; this page is the Gurnee file. Confidential sale. No upfront listing fee.
Confidential • No upfront fees • Illinois statewide
Gurnee market
Selling a medical practice in Gurnee
A medical practice in Gurnee is priced on adjusted seller’s discretionary earnings after a buyer compares this book to Waukegan — not on a statewide rumor multiple. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. The statewide medical practices playbook is on the industry hub; this page is the Gurnee file.
Gurnee is the Lake County tourism interchange: Gurnee Mills, Six Flags Great America, and I-94 outlets — visitor traffic on top of a residential village.
Outlet and theme-park seasonality belongs in the recast. Franchise and mall landlords control more leases here than in Libertyville’s downtown. Great Lakes Naval Station is nearby payroll, not this village’s identity. A household HVAC book and a Mills-adjacent restaurant are two sales.
Gurnee has about 31,295 residents in Lake County, inside the Chicago-Naperville-Elgin area. Nearby markets buyers already compare this book to include Waukegan, Libertyville, Round Lake. That comparison changes who shows up: a buyer who will drive from Waukegan is not the same buyer who will fly in from a coastal platform.
Planning facts
Typical multiple
4x–7x EBITDA
Typical timeline
9–18 months
SBA eligible
Often — confirm
County
Lake County
Population
31,295
Metro
Chicago-Naperville-Elgin
Nearby comps
Waukegan, Libertyville, Round Lake
Closing clock
Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago
DuPage, Lake, Kane, Will, McHenry, Kendall, and neighboring collar shops sell on household density and the I-88, I-90, I-94, and I-55 corridors.
There is no Chicago 45-day city notice unless the business also operates in Chicago. Buyers still compare this suburb to the next one on the same highway.
Gurnee demand for medical practices is the customer list and the license path — not the Census population figure. About 31,295 residents is context for who already lives in the trade area. It is not a sale price.
Medical Practice in Gurnee
What a Gurnee buyer will underwrite on this medical practice
A medical practice in Gurnee is a personal license plus a panel that will still drive here after the seller leaves. Parking, payer mix, and who can own the clinical entity are Illinois rules; the trade area is Gurnee versus Waukegan, Libertyville, Round Lake. We will not invent a ZIP premium.
Medical Practices statewide typically plan around 4x–7x EBITDA and a 9–18 months process when books and the lease are ready. That is a planning range, not a price for this Gurnee shop. Buyers here usually argue payer mix, patient panel size, ancillary revenue streams, physician tenure, compliance record.
Closing clock for this Gurnee file: Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. License path: IDFPR physician licenses are personal and do not transfer. The industry hub teaches the statewide rule. This URL is the Gurnee application of it.
In a suburb like Gurnee, physician groups, hospital systems, pe-backed platforms are the names that usually appear on the NDA list. A buyer who will drive from Waukegan is not the same buyer who will fly in from a coastal platform.
Buyer pool
Who buys a medical practice in Gurnee
Split buyer pool: North Shore and Libertyville businesses attract SBA and strategics who want household income; Waukegan and industrial I-94 businesses attract operator and logistics buyers. Great Lakes Naval Station and tourism along the lake change seasonality for some retail and hospitality books.
Illustration: a two-physician primary-care clinic in Oak Brook with a employed NP, a Medicare-heavy panel, and the founding physician still carrying 55 percent of wRVUs. Not a closed sale.
A medical practice whose customers already sit in Waukegan, Libertyville, Round Lake is a larger business than one that stops at the Gurnee city limit. Tell the truth about the route. Buyers will map it.
SDE recast
How a buyer will read the books on this Gurnee medical practice
Physician-practice buyers underwrite EBITDA after a market-rate physician draw, not SDE that still includes the selling doctor’s under-market W-2. Ancillary (in-house labs, imaging, cosmetics) must stand without the seller’s referral gravity. One-time quality bonuses and COVID-era grants come out. A 4x–7x EBITDA band is planning language for a transferable panel, not a solo hero clinic.
Illustration only — not a quote for any Gurnee shop. A medical practice whose tax return shows $271,000 of net profit is not worth $271,000 × a rumor multiple.
Add back the owner’s $146,000 W-2 and payroll tax, $8,500 of discretionary benefits, $12,000 of accepted one-time cost, and $12,000 of personal expenses that a buyer will not run. Then subtract $74,000 of replacement labor if the owner still diagnoses, sells, or closes the books.
Adjusted seller’s discretionary earnings are $375,000. At the planning range 4.0x–7.0x, enterprise value is $1,500,000 to $2,625,000. Mid-range 5.50x is $2,062,500 before debt, working capital, holdback, and tax. A Gurnee buyer will argue the multiple after they ride with the staff and read the lease.
At 5.50 times $375,000 of seller’s discretionary earnings, enterprise value is $2,062,500 before debt, working capital, holdback, and tax. That is the planning conversation. It is not a listing-site guess.
SDE line items
Reported net profit (tax return, not the marketing P&L)
+ Interest expense
+ Income taxes (not payroll, sales, or property tax)
+ Depreciation and amortization
+ Owner W-2, bonuses, and payroll taxes on the owner
+ Discretionary owner benefits that a buyer will not keep (auto, personal travel, family on payroll with no role)
+ Accepted one-time or non-recurring expenses
− Market-rate replacement labor for owner work that will not transfer
= Seller’s Discretionary Earnings (SDE)
Illustration recast for a Gurnee medical practice — not a quote
Net profit
$271,000
Owner W-2
$146,000
Benefits
$8,500
One-time
$12,000
Personal
$12,000
Replacement labor (subtract)
−$74,000
Recast SDE
$375,000
Planning EV at 5.50x
$2,062,500
Recast Seller’s Discretionary Earnings, then apply a planning multiple for medical practices.
Replacement labor is subtracted. This is a planning tool, not an appraisal.
Recast SDE—
Planning enterprise value—
Before debt, working-capital peg, holdback, and tax. Educational only.
Enter your annual Seller's Discretionary Earnings (SDE) — your net profit plus owner's salary and any personal expenses run through the business — to estimate a range.
$
1x3.0x8x
Estimated Value Range—to—
This is an estimate for planning purposes only. Actual value depends on lease terms, asset quality, customer concentration, and current market conditions. Request a professional valuation for a precise number.
Lake County closings use state CBS-1 plus municipal licenses (Waukegan, Gurnee, Libertyville, and North Shore villages each differ). No Chicago 45-day notice unless you also have a Chicago location. Lake County health and contractor registrations are common diligence items for food and trades.
IDFPR physician licenses are personal and do not transfer. Illinois corporate-practice-of-medicine constraints limit who can own the clinical entity; hospital and PE deals use specific structures that Main Street buyers cannot improvise. CLIA, radiology, and controlled-substance registrations sit with the named medical director. Medicare and Medicaid enrollments are change-of-ownership filings, not automatic.
Labor and lease
What has to keep working on Monday after close in Gurnee
For a medical practice in Gurnee, the first labor question is: Employed providers who stay and a panel that is not the seller’s nickname.
I-94 is the spine. Route density is real between Buffalo Grove and Gurnee and thinner toward the Wisconsin line. Leases in outlet and tourism corridors can be franchise- or landlord-controlled. Winter lake-effect operations matter for home services.
Lake mixes Fortune-campus remnants, naval payroll, and bedroom suburbs. Do not price a Waukegan industrial book like a Libertyville professional practice.
Diligence
What a serious medical practice buyer will open
Levers that move the multiple in this vertical: Employed providers who stay and a panel that is not the seller’s nickname; Clean payer mix and coding file; Ancillary that survives without the founder’s referrals; A legal ownership structure the buyer can actually close into; EMR and lease that do not reset the practice.
Have these ready before anyone hears the name of the Gurnee business: wRVU and collections by physician, including the seller; Payer mix, prior-authorization burden, and any hospital alignment; Patient-panel age and attribution that will survive a logo change; Ancillary revenue that is truly employed-provider driven; Malpractice, IDFPR, and billing-compliance history; Lease, EMR ownership, and non-compete enforceability in Illinois.
Buyer tool
SBA payment sketch for a Gurnee medical practice buyer
Most Illinois owner-operator acquisitions use SBA 7(a). This is a payment sketch, not an approval.
SBA 7(a) loans are the most common financing for business acquisitions. Estimate your monthly payment and required down payment based on the purchase price.
$
%
%
yrs
Down Payment Required—
Loan Amount—
Est. Monthly Payment—
This calculator provides estimates for planning purposes only. Actual SBA loan terms depend on your credit profile, the specific lender, and current market conditions. Contact us to connect with SBA-approved lenders in Illinois.
Sale steps
How to prepare a Gurnee medical practice for sale
Recast this Gurnee medical practice. Start with the tax return. Add owner pay. Subtract replacement labor if the seller still does the work a Gurnee buyer must hire. Do not treat a spike year as the new normal.
Name who can operate on Monday. List every credential that lets this medical practice pull a permit or see a patient in Gurnee, and whether that person stays. Personal licenses do not transfer with the assets.
Tell the truth about the Gurnee trade area. Map customers against neighboring towns. Buyers will. A book that already covers those towns is larger than a book that stops at the Gurnee limit.
Open the lease and the labor file. Remaining term and assignment in Lake County. Whether the crew can run without the seller living eight minutes away.
Calendar the notices that apply here. Illinois CBS-1 (10 business days). No Chicago 45-day city notice unless the business also operates in Chicago. Start them at letter of intent, not the week of funding.
Read the statewide playbook, then talk. The Illinois medical practices hub is the statute and recast teaching. This page is the Gurnee file. Confidential consult — no upfront listing fee.
Answers for owners and buyers in Lake County, including local closing steps.
Illinois medical practices typically sell for 4x–7x EBITDA. Payer mix, patient panel size, ancillary revenue streams, and the sustainability of the practice without the selling physician all affect value.
Yes. Hospital systems are active acquirers of independent physician practices in Gurnee. They often pay fair multiples for practices that align with their specialty mix and geographic footprint.
Illinois law requires proper patient notification when a practice is sold or a physician departs. We work with your attorney to ensure all notification requirements are met while maintaining confidentiality through the process.
We maintain a network of physician buyers — including young physicians completing training, employed physicians seeking ownership, and physician group investors. We match your practice to the most qualified candidates.
Significantly. Specialties with strong procedure revenue, minimal call burden, and attractive lifestyle characteristics (dermatology, ophthalmology, orthopedics) often command the highest multiples. Primary care practices sell well to hospital systems and PE groups focused on primary care platforms.
Most Gurnee asset sales file Illinois Form CBS-1 at least 10 business days before closing. Lake County does not use Chicago’s 45-day city notice unless the business also operates there. Municipal licenses and the lease still need their own calendar.
Buyers in Gurnee are often SBA owner-operators and neighboring operators along the same corridor. Larger recurring books can draw a platform. They will compare this suburb to the next town in Lake County.
No. The planning multiple for medical practices is a statewide starting point, not a Gurnee appraisal. Buyers in Lake County still adjust seller’s discretionary earnings, then argue the lease, licenses, labor, and owner dependency.
Service Area
Medical Practice Brokerage Near Gurnee
We serve medical practices owners and buyers across Lake County and the surrounding region.