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Psychiatric Practice - Sfv
Location: United States -> California -> Southern California - All Southern California -> Northridge
Industry: Health and Medical > Medical Practices




Business Summary

Excellent opportunity to acquire a psychiatric practice with nearly 500 active patients. Established over 15 years ago, the practice is in a very active San Fernando Valley Medical Center including a pharmacy on the first floor. There are over 140 doctors and dentists combined in adjacent medical buildings as well as a large Hospital within walking distance.

Business revenue is based on the total of in Office patients and in Hospital patients. Post close of Escrow, the Seller will likely continue to work with the Hospital while the new Owner waits for approval from the Hospital. The Seller may elect to continue to work at the Hospital through 2020.

THE OWNER IS ONLY SELLING THE OFFICE PRACTICE WHICH DOES NOT INCLUDE THE HOSPITAL BILLINGS.

The owner will assist in transition for 6 weeks at the rate of 10 hours per week.

Office & Hospital Billings:

2016 Office $205,000 Hospital $340,000
2017 Office $229,000 Hospital $238,000
2018 Office $271,000 Hospital $185,000
2019 Office $272,000 Hospital $165,000
Points of interest:

Owner sees patients 30 hours per week. Patient population ages range between 13 - 65.
Owner on-staff with the local Hospital. [New owner able to join on-staff within 3 months.] Owner sees patients at nearby Assisted Living Facility.
Most Insurances accepted including Kaiser.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $437,000
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2003
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Seller will train
Reason For Selling:  Retirement

Photos

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Psychiatric Practice - Sfv Photo 1




Print Listing Id: 700337658
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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