Well-Known and Respected Behavioral Health Practice For Sale
Highly Recession Proof Industry
Norfolk County, Massachusetts
Listing Number: 1537
Asking Price: $540,000
Gross Revenues: $900,000
Cash Flow: $185,000
This private practice specializes in relationship issues including marital and family relationships, as well as personal health and wellness. This practice is the largest group of affiliated behavioral health providers in their area, with roughly 750 patients, and insurance providers and physician practices prefer to make referrals to large groups over independent providers. This business has been highly successful, with yearly sales of more than $900,000 and Seller Income of $185,000. If the acquirer is another healthcare provider or facility, there are significant synergies to be realized. Existing office staff could take on current daily activities eliminating the current office staff salaries. This business would be a natural fit for an existing psychiatry practice, or general primary care healthcare practice. However, an owner does not have to be a therapist themselves and can take over running the general operations of the business.
Facilities: The business operates out of two leased locations. A buyer may choose to take over the current leases, lease a new facility where all therapists can reside in one place or, an industry buyer can have the therapists see patients in their existing facility if there is the space.
Growth & Expansion: According to IBISWorld, Over the five years to 2017, industry revenue is anticipated to increase at an annualized rate of 2.8% to $6.9 billion, including 1.3% growth in 2017. More patients have visited behavioral therapists to address numerous ailments, including anxiety, substance abuse and personality disorders. Profit is expected to increase slightly from 9.0% of industry revenue in 2012 to 9.9% in 2017.
Employees: 2 PT / 10 FT-IC
Financing: A qualified buyer should be able to obtain SBA financing with 10-20% down.
Support & Training: Management is open and willing to provide the next owner(s) with the training and support they need until they are fully confident to move forward on their own. .
Reason Selling: To Concentrate on other Interests