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For Sale: Psychiatric Practice - Northridge, La County


Current Status: Active     Posting #: 255208     Last Refreshed: 12/5/19    
Contact: Tom Plotkin At 310-882-2200 X127  -  Also Email This Contact Below
Price:  $245,000     Down:  Call     Adjusted Net:  $207,079     Revenue:  $456,000    
Attributes:  Training & Support     Cooperation With Brokers?  Call

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  Description About This Posting: Psychiatric Practice
Excellent opportunity to acquire a psychiatric practice with nearly 500 active patients. Established over 15 years ago, the practice is in a very active san fernando valley medical center including a pharmacy on the first floor. There are over 140 doctors and dentists combined in adjacent medical buildings as well as a large hospital within walking distance.

Business revenue is based on the total of in office patients and in hospital patients. Post close of escrow, the seller will likely continue to work with the hospital while the new owner waits for approval from the hospital. The seller may elect to continue to work at the hospital through 2020. The owner is only selling the office practice.

The owner will assist in transition for 6 weeks at the rate of 10 hours per week.

Office & hospital billings:

2016 office $205,000 hospital $340,000
2017 office $229,000 hospital $238,000
2018 office $271,000 hospital $185,000
2019 office $148,000 hospital $ 60,000 [january-june]
Points of interest:

Owner sees patients 30 hours per week. Patient population ages range between 13 - 65.
Owner on-staff with the local hospital. [new owner able to join on-staff within 3 months.] owner sees patients at nearby assisted living facility.
Most insurances accepted including kaiser.

To get more information about this Psychiatric Practice business for sale in Northridge, La County please phone Tom Plotkin (Broker - BRE License #:01484102) at 310-882-2200 X127 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #255208 on BizBen.com. In addition to phoning Tom Plotkin, make sure you email Tom Plotkin above to get more info about this Psychiatric Practice, to ask any questions or request an appointment to see this business for sale. Thank you.

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