Annual Revenue: $1,065,551
Net Cash Flow: $300,000
Industry: Health Care
Location: Bronx, NY
Psychology center providing professional, caring, and confidential services to patients. They provide personal attention, professional service, and help with stress, pain, worry, sleeplessness, depression, and other issues. They help patients understand what they’re going through, reduce their distress, and feel better over time. They employ five psychotherapists and a full administrative staff. The facility treats the following issues: Excessive Worry, Depression, Sleep Problems, Panic Attacks, Eating Issues / Weight Management, Work-Related Issues / Workplace Stress, Interpersonal Conflict with Family Members, Post-Traumatic Stress Disorder, Low Self-esteem, Anger Management, Phobias, Trichotillomania (Compulsive Hair Pulling, Skin Picking), and Grief and Bereavement.
Growth: Great opportunity with year over year positive growth. Revenue will increase further because of a fee structure increase of 20% as of January 1st, 2019.
Growth/Expansion Opportunity: There is an unlimited supply of new patients due to a shortage of therapists who are willing to accept this specific insurance. Improve marketing campaign. Office capacity to expand.
Buyer profile: Best fit would be a psychiatrist or therapist with business experience or a large multi-specialty medical center.
Office info: The office includes a large reception (15 people capacity), 7 individual therapy rooms, 2 administration rooms, executive office, conference room, full kitchen, staff only restrooms.
Staff/ Employees: 5 psychotherapist and 3 administrative staff.
Owner’s involvement: Clinical psychologist seeing patients ½ the time = 20 hours a week and handles administration and management with the remaining time.
Transition: Owner will stay on for a period of six months.
A customized Software program is included in asking price (value $100,000).