Psychiatric Practice - Sfv
www.GlobalBX.com
Listing ID:
700337658
Listing Title:
Psychiatric Practice - Sfv
Quick Link:
http://www.globalbx.com/listing.asp?bId=337658
Industry:
Health and Medical
Industry Segment:
Medical Practices
Country:
United States
State / Province:
California
Area
Southern California - All Southern California
City:
Northridge
Asking Price Range:
< $250K
Gross Revenues:
$437,000
Cash Flow:
Seller Will Provide
Cash Flow Type:
EBITDA
Year Established:
2003
Number of Employees:
1 - 3
Business Description:
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.
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