Psychiatric Practice w/$200k+ revenues; ONLY $75k!!

Sarasota, FL (Manatee County) (Relocatable)

Psychiatric Practice w/$200k+ revenues;  ONLY $75k!!
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Asking Price: $75,000

Cash Flow: N/A

Gross Revenue: $202,758

EBITDA: $111,234

FF&E: $10,000

Inventory: N/A

Rent: $12 /Month

Established: 2000

Psychiatric Practice w/$200k+ revenues; ONLY $75k!!

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Business Description

This is a rare opportunity for a psychiatrist to acquire a well-established and busy practice that already has revenues over $200,000/yr. and expand it simply by opening for 5 days/week. Currently only open 3 days/week, the practice nets well over 6 figures in profits each year and this year through August has a net profit of $98,000. This long-established practice specializes in treatment of ADHD, obsessive compulsive disorder, depression, anxiety, eating disorders, bipolar, etc. with expertise in Psychopharmacology. Currently has 460 patients who are seen at least once every 3 months. 1350 patients were seen in the most recent 6 month period. The practice does not accept insurance. Buyer must be an M.D.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,000
Lease Expiration:
4/30/2019
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
4 offices, 2 of them are sublet for $1000/mo., so net rent paid is $872/mo.
Growth & Expansion:
The practice could be extended to 5 days a week.
Support & Training:
Will stay for an agreed-upon period of time to assist in transfer of patients.
Reason for Selling:
Retirement
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(from currently available funds)
 
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Doug Neufeld

Business Listed By:
Doug Neufeld

Re/Max Alliance Group

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