Mental Health / Substance Abuse Practice
Location Ohio,United States
Asking Price Range $500K - $1.0M
Gross Revenues $2011600
Net Profit / Cash Flow $338540
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1982
Number of Employees 35 - 49
Relocatable No
Number of Employees 35 - 49
Real Estate Owned
Training Provided.
Reason for Sale Retirement.
Description Excellent professional opportunity for executive / administrative minded buyers. You manage the business and the health care professionals generate the income. Fully staffed. Buyers are not required to be licensed counselors or therapists (the company employs the required staff). Patients are required to pay at the time services are rendered, which keeps the accounts receivable low. The business has been in operation since 1982 with continued growth. The current owners are retirement-minded and are ready to transition out of the business operation (and real estate). Asking $699,000 for business and $985,000 for real estate.
Facilities:
Two beautiful office facilities. #1) approx. 7,975 sq. ft. Grossed $125,000 in 2008 with rental operating profit of $83,690. #2) approx 2,470 square feet. Grossed $20,100 in 2008 with rental operating profit of $15,700. #2 has capacity for additional annual rental income.
Financing / Terms:
25% buyer down, with commercial third party lender. Collateral notation: Seller wishes to also SELL the two office buildings used by the mental health practice. Building #1) $795,000 generated debt-free profit of $83,690 in 2008. Building #2) $190,000 generated debt-free profit of $15,700 in 2008. The real estate profits are in addition to the $338,540 cash flow from the practice.
Market Outlook / Competition:
Mental health and substance abuse services are forecasted by INFORUM to grow at an annual compound rate of 7% between 2008 and 2013. Contact for more information on this Mental Health / Substance Abuse Practice for sale.
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