Private Out Patient Psychologist office

Des Moines, IA (Polk County)

Seller Financing Available
Private Out Patient Psychologist office
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Asking Price: $210,000

Cash Flow: $247,000

Gross Revenue: $283,000

EBITDA: $247,000

FF&E: $10,000

Inventory: N/A

Established: N/A

Private Out Patient Psychologist office

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Business Description

This established Psychologist is looking for a younger Dr. to transition the practice he has spent years building to as he is ready to retire. But let me let him put it into his own words.

"The freedom of determining the scope and nature of my own practice has come with financial reward. I imagine I spend about 90% of my day in direct clinical work; the rest involves returning phone calls and managing other administrative tasks. While working for the community mental health center, which I did for 15 years, I received approximately 40% of generated revenue with the remainder going to the organization. In private practice, I receive 85% of generated revenue with rest covering overhead expenses.

Over the past 15 years I’ve developed very profitable referral sources, which are transferable. Furthermore, this location is ideal for a private practice. Des Moines, Iowa is a financial center with approximately 400,000 people with well-paying jobs, excellent benefits. Wellmark, Blue Cross Blue Shield, a large insurance company in Des Moines, dominates the market. As a provider, I’m happy to report pays its claims at a high reimbursement rate with no hassle.

At this time, I provide general outpatient psychological services, which include psychotherapy to a range of clinical issues. In addition to this, I provide disability evaluations, and at least one disability evaluation per day for Social Security. In addition, I usually complete a psychological testing evaluation, usually determining an individual’s intellectual and adaptive functioning for a state-mandated program. Finally, I also provide evaluations for veteran compensation, again for companies who reimburse services at a high rate."

If your ready for your own practice and don't want to spend the years building it up than this is the opportunity you have been waiting for.

Detailed Information

Location:
Des Moines, IA
Employees:
1 owner
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Small private office, all non personal decorations stay
Competition:
The market is currently under served so a private practice can work as much as they want.
Financing:
Owner willing to carry 50%
Support & Training:
Owner willing to assist as necessary with the transition to a new practitioner to assist in smoothly transferring as much of the business as possible. The terms of the transition will be negotiated between the parties.
Reason for Selling:
retirement
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Jethro Hopkins

Business Listed By:
Jethro Hopkins

No Coast Business Advisors

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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