Business For Sale

Addiction Medicine Practice

Not Disclosed, OH

Asking Price: Annual Revenue:
$495,000 $787,272

Services: Medical, Dental

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RE: Addiction Medicine Practice Broker: Terry Flanagan

Quick Facts

Asking Price: $495,000
Annual Revenue: $787,272
Net Profit: Not Disclosed
Cash Flow: $412,894
Total Debt: Not Disclosed
FF&E: $57,046
Real Estate: Not Disclosed
Year Established: 2012
Employees: 5
BBN Listing #: 77894955
Broker Reference #: 4202-12713

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Business Overview:

This practice is an outpatient addiction treatment clinic located in central Ohio. The clinic is focused in opiate and alcohol addictions and performs services to include counseling, medication assisted therapy and interpersonal skills training. The seller's are board certified addictionists through the American Board of Addiction Medicine and continue to operate separate practices concurrently.

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Property Features and Assets:

The clinic is located in a professional office building located in a suburb professional neighborhood. The 2,200 square foot office consists of 4 examination rooms, 4 consultation rooms and 1 room for treatment. The space also includes a physicians office, nurse's station and lab area. Spacious waiting area contains 19 chairs. The office was last remodeled in 2016 with upgrades in lighting, alarm/cameras and upgraded wiring for electric data. Assets = $62,046

Market Competition and Expansion:

Revenue (in current dollars) for US mental health and substance abuse services is forecast to grow at an annual compounded rate of 6% between 2016 and 2020. With passage of the Comprehensive Addiction and Recovery Act (CARA), the potential to increase patient visits per month has changed from 100 pvpm to 275 pvpm with appropriate certification. This allows for practice growth without a change in the fixed cost structure of the practice. Demand for substance abuse services has increased, despite efforts by health and government agencies to reduce substance abuse. Clinical advances in treatment and a greater acceptance of substance abuse as a disease have resulted in increased public awareness and a willingness by abusers to seek treatment. Most managed health care plans have some sort of substance abuse coverage, and many corporations provide substance abuse information to employees and offer drug counseling and assistance programs. Immediate Opportunities for Growth: Physician referrals are the major source of patients at mental health and substance abuse facilities. Maintaining good relations with area hospitals and urgent care facilities ensures continued patient referrals. Companies develop formal initiatives to approach new referrals and expand existing relationships. Increase in physician contact hours and addition of physician extenders and certified counselors would develop the potential for revenue growth without increase of facility cost.

Reason for Selling:

Owner wishes to retire.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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