Business For Sale

Established Outpatient Psychiatric Clinic - SOLD!

Not Disclosed, MI


Asking Price: Annual Revenue:
$299,900 $544,214

Services: Medical, Dental


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RE: Established Outpatient Psychiatric Clinic - SOLD! Broker: Tanya Popov
Owner Financing is Available!
Negotiable

Quick Facts

Asking Price: $299,900
Annual Revenue: $544,214
Net Profit: Not Disclosed
Cash Flow: $77,087
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: Select State
Year Established: 1975
Employees: 14
BBN Listing #: 93528552
Broker Reference #: MI051515

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Business Overview:

Available for acquisition is a unique opportunity to own a long-established Comprehensive Outpatient Psychiatric Clinic with impeccable reputation in the community. This clinic carries a prestigious CARF accreditation and provides assessment, counseling, psychotherapy, and substance abuse services.
Experienced staff consists of DO/MD’s, Ph.D LMSW’s, and LPC’s as well as office personnel, who are expected to continue with new ownership. Patients come from direct referrals to personnel as well as agency referrals from various sources amounting to approx. 35-40 new patients each month. The billing is done in house with great rate of collections. The company’s business mix consists of majority of private insurance with approx. 10% Medicare and 10% Private pay. The clinic is on all major insurance and most small area panels. With a stable clinical team and an outstanding reputation for over 23 years in the community, this clinic could thrive with the energy of a new owner.
The seller would like to retire, but is open to remain in consulting capacity if needed. More information is available with signed NDA.

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Property Features and Assets:

The office is located in the desirable part of Oakland County and operates out of 2,000 sq. ft. building, which is currently owned by the seller. Various options are available for relocation, lease or purchase depending on buyer’s preferences.

Market Competition and Expansion:

The business has been continuously CARF accredited demonstrating the highest quality in the field. Superb reputation and established name in the community since 1992 allow the company to depend on their agency referral base.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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