Thriving Psychiatric Practice

Listing ID: 700337472

Listing Title: Thriving Psychiatric Practice

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Industry: Health and Medical

Industry Segment: Medical Practices

Country: United States

State / Province: California

Area Southern California - All Southern California

City: San Luis Obispo

Asking Price Range: $500K - $1.0M

Gross Revenues: $596,815

Cash Flow: $354,313

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1993

Number of Employees: 1 - 3

Business Description:
This is a professional psychiatric practice established over 23 years ago with steady and verifiable income in a desirable location along California's Gold Coast in San Luis Obispo County. Thriving practice with opportunities to increase volume. Affiliated with local hospitals. Majority of payments are through insurance. Approx. 4000 appointments annually. Seller/owner could remain on salary up to 3 years Seller willing to listen to exit proposals. Not necessary to be an MD. Nurse Practitioner could be an alternative addition to the practice. The net profit is very good so even with an MD on salary the purchase of the business could be a good investment. Or it could be a good opportunity for a new doctor to enter the practice gradually. Possibility for a new graduate to ease into the practice and become full owner after a time. Very High Return on Investment. Current doctor would remain on salary for up to 3 years then retire. Sale Price - $699,000 Broker-805-341-3361

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