Established mental health counseling practice - price reduction

Chesterfield, VA

Seller Financing Available

James P. Doran, LCSW
Asking Price:$249,950
Gross Revenue:$353,000
EBITDA:$303,000
Established Year:1993
Cash Flow:$353,000
Rent:$480/Month
FF&E:$2,000
BUSINESS DESCRIPTION

serves Greater Richmond VA Area

This outpatient mental health counseling practice has been in business for over thirty years, and has a strong reputation in the community. Run by its sole practitioner, James P. Doran, LCSW, it provides therapy for children, adolescents, adults and seniors, both virtually and in-person. The buyer will receive a patient list of over 150 active patients, as well as assistance from the owner in transitioning patients and in providing new referrals that he may subsequently receive.

The office, which is leased, should be available for a new owner. It is centrally located, has plenty of parking, and easy access. If interested, the buyer should discuss assuming the very reasonable lease and furniture, separately from purchasing the clients list.

This is a superb opportunity for a practice that is looking to expand the number of clients it sees OR a clinician who is starting out and could benefit from a thriving client base


ATTACHED DOCUMENTS
Business Sale Proposal v3.docx.docx Download

DETAILED INFORMATION
Location
Chesterfield, VA
Inventory
Included in asking price
Real Estate
Leased
Lease Expiration
31/07/2024
Employees
1
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Office space is rented, and current rent is $480 per month; seller can assist buyer in retaining this office space if that is desired. Furnishings include desk, sofa, chair bookcase, all of which are available for no additional charge.
Competition
Mental health counseling services are in high demand, and are likely to continue to be so. This practice is located centrally, serving clients from the Greater Richmond Area. It continues to receive new referrals on a weekly basis, ensuring that the client base remains steady.
Growth & Expansion
There is enough work available for multiple clinicians, which means that the business could expand easily if several co-owners wanted to purchase it jointly. However, the present office space will not accomodate more than 1 clinician at a time, so a new office would be required.
Financing
Seller financing negotiable. Substantial downpayment required.
Support & Training
Seller will work with buyer to transition the current clients, and will sent mailings to all active clients recommending buyer. In addition, seller will be continuing some EAP programs in the area, and will refer those clients to buyer as they transition to outpatient counseling after EAP services.
Reason for Selling
Retirement
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James Doran
James Doran