$450,000.00
Asking Price
Address: San Luis Obispo,
Status: Active
Posting ID: 285520
3/6/24
Description
This is a professional psychiatric practice established in 1993 with steady and verifiable income in a professional business park along California's Gold Coast in San Luis Obispo County. Affiliated with local hospitals.
Majority of payments are through insurance with less than 20% Medicare, Medi-Cal and cash. Doctor sees 15-18 adult general psychiatric patients per day only 4 days per week and 11 months of the year. Over 90% are virtual appointments.
Thriving practice with concrete opportunities to increase volume since current doctor only works part-time. New patients are turned away regularly as doctor has cut back hours with age and the desire to retire. Doctor could remain on salary after transition for 6moths to 1 year.
The office condo location could be either leased or purchased as a separate transaction. Accounts receivables and bank accounts are not included in the sale price. Two employees, a long time receptionist and an administrator are available to remain with the practice.
Seller will consider partial assisted financing for a qualified buyer with a sizable down payment.
To get more information about this Medical Practice - Psychiatry business for sale in San Luis Obispo please phone Michael Ballas (Broker - BRE License #:01373592) at 805-341-3361 and -- - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #285520 on BizBen.com. In addition to phoning Michael Ballas, make sure you email Michael Ballas above to get more info about this Medical Practice - Psychiatry, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01373592. Michael Ballas.
Contact
Details
Asking Price: $450,000.00
Down: $225,000.00
Cash Flow: $250,290.00
Revenue: $450,384.00
Area: San Luis Obispo
City: San Luis Obispo
Attributes:
My Notes About This Listing
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Revenue
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