Annual Revenue: $1,000,000
Net Cash Flow: $400,000
Industry: Health Care
Location: Howard County, Maryland
For almost 40 years, they have been providing a multitude of behavioral health services through medication management, psychotherapy, non-medication neurological solutions, and training workshops. Currently offering services in office and telehealth. Fully staffed with key staff willing to remain post-sale for a new owner. Practice is operating on an absentee basis. Real Estate: $550,000, 1500 Square Feet. Total Price: $1,400,000 (if purchased with real estate).
Facilities: Medical Office Suite, Condominium Style: 1500 square feet with 5 Treatment Rooms, Records Room, Waiting Area plus Reception, Staff area, and more
Competition: Psychiatric and Psychological Practice began offering Neuropsychological services to treat patients without pharmacology bringing in new clients based on demand. Successfully transitioned to telemedicine offering services in the office and virtually.
Growth & Expansion: Currently booked/billed thru March 2022. New Owner can operate office more than 20-30 hours per week currently being run due to work-life balance. Clients are referrals with opportunities for a new owner to implement marketing strategies for the first time since 1984.
Financing: Short Term Note Available
Support & Training: Reasonable support/training on a part-time basis until buyer transitions successfully
Reason for Selling: Retirement