Profitable Pediatric Speech Therapy Practice

Not Disclosed, CA
Riverside County

Asking Price: Annual Revenue:
$595,000 $1,515,063

Services: Construction, Contractors

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RE: Profitable Pediatric Speech Therapy Practice Broker: Joe Atchison

Quick Facts

Asking Price: $595,000
Annual Revenue: $1,515,063
Net Profit: Not Disclosed
Cash Flow: $298,837
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2007
Employees: 16
BBN Listing #: 229864492
Broker Reference #: RIVERCA001-53039

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Business Overview:

This profitable pediatric practice provides a range of speech therapy services and occupational therapy services including evaluations and treatment. Services include: ? Clinical and educational speech and language evaluations and therapy ? Educational occupational evaluations and treatment for fine motor or sensory needs The practice provides services to public and private entities. Revenue sources are derived from: Health Insurance Companies (74%), California Charter Schools (35%), and private pay patients (10%). The focus is on pediatrics - infants, toddlers and children through age 21. California signed into law SB 946 on July 1, 2012. This law paved the way for individuals, including children, with Autism and other developmental disorders to receive coverage from private insurance companies. The Practice is able to bill a large number of medical insurance companies with the main ones being IEHP, Kaiser and TriCare. Due to the Company?s caring environment, they have a very high retention rate. The Practice has an excellent reputation among special needs families and school districts in the area and they receive many word of mouth referrals. The clinic currently has an overabundance of referrals and referral sources. The clinic currently has a 7 to 8 month waiting list and they are expanding their ability to help children as they are able to hire additional staff. Upside potential includes pursuing HMO health insurance contracts, raising pricing to competitive levels of $90/session, and advertising to the special needs communities and local pediatricians. Additional potential would exist to expand the current offering to other allied health therapies to become a multidisciplinary practice. The therapist/owner plans to move out of the area so has priced the practice to sell. Solid books and records.

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Reason for Selling:

Moving out of the area

Additional Details:

  • The property is owned.
  • The owner is not 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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