Business Overview

Excellent opportunity to acquire a well-established psychiatric medial practice. This practice is turning away work, so it is primed for doctor that wants to take over a turnkey business with near endless growth potential. Current Doctor practicing for over 40 years, 10+ years in current location. Tremendous book of business – turning away stacks of referrals daily simply because it is far more than the office can currently service. Optimum business mix of Psychiatry & Neurology practice and Opiate Addition treatment. Affiliated with scores of insurance providers (Tricare, United Health, Anthem, Blue Cross and many more). Also working with multitudes of cash payers. Office areas consist of 7+ rooms (700 square feet). Security in place for distribution of controlled medical substances (active DEA number). E-scribe prescription capabilities, PDMP, and the best in billing/coding software. Practice team consist of two awesome Medical Assistances and wonderfully valuable Office Manager (outside of the current Medial Doctor (Owner)). Well renown through the area for patient-centered psychiatric care – a holistic approach to healthcare involving mind, body, and spirit. The business thrived through COVID, treating OCD, ADD, ADHD, PTSD, anxiety and much more.

Financial

  • Asking Price: $230,000
  • Cash Flow: $70,000
  • Gross Revenue: $230,850
  • EBITDA: N/A
  • FF&E: $25,000
  • Inventory: $1,000
  • Inventory Included: Yes
  • Established: N/A
Is Support & Training Included:

3 weeks

Purpose For Selling:

retirement

Additional Info

The transaction does include inventory valued at $1,000, which is included in the requested price.

Why is the Current Owner Selling The Business?

There are all types of reasons people choose to sell businesses. Nonetheless, the genuine factor vs the one they say to you may be 2 entirely different things. For instance, they might state "I have way too many other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be reasons to attempt to hide the reality of transforming demographics, increased competition, current reduction in profits, or a range of other factors. This is why it is very essential that you not depend completely on a seller's word, however rather, utilize the seller's solution combined with your overall due diligence. This will paint a much more realistic image of the business's current situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous operating businesses take out loans with the purpose of covering things like stock, payroll, accounts payable, and so on. Bear in mind that occasionally this can mean that revenue margins are too thin. Lots of businesses come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with vendors that should be fulfilled or might lead to penalties if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the area attract new clients? Many times, businesses have repeat consumers, which create the core of their everyday revenues. Certain aspects such as brand-new competition sprouting up around the location, road building and construction, as well as staff turnover can influence repeat clients as well as adversely impact future revenues. One crucial point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the highway? Certainly, the more people that see the business regularly, the better the chance to construct a returning consumer base. A last thought is the basic area demographics. Is the business located in a largely inhabited city, or is it situated on the outside border of town? Just how might the regional mean household income effect future revenue potential?