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Mental Health (Psychology) Practice - San Diego - RE Available

Listing Number: 2401-208283

Description

IN ESCROW: Mental Health Psychotherapy provided by licensed practitioners with a broad skill set and holistic generalist philosophy impacts positive change. Practice addresses overlapping layers of patient issues and delivers comprehensive support that is tailored to individual needs. Mild to moderate severity addressed for patients that want meaningful change. It’s growing at a solid pace.
12 employees (3 FT, 9 PT including office manager) and 1 contractor are gender balanced. Practice delivers in office out-patient counseling, tele-therapy and therapy in skilled nursing facilities that care for all age groups from children to the elderly provides diversity and consistent revenue streams. Most of the team just transitioned from salary to pay per session which will positively impact case load profitability beginning in September 2022. One new especially motivated clinician brought an all-cash business to the practice in July 2022 and desires to open a satellite office in Orange County.
The seller currently dedicates approximately 25 hours per week to clinical care (transferable to other therapists) and about 12 hours per week to management oversight. Revenue is mostly insurance pay - based upon billable hours. Split is about 35% mobile service in skilled nursing/board & care/home (most profitable), 15% telehealth and 50% traditional office. Internal billing system – about $1 per claim and Docutrek EHR are cost effective, efficient and established. At least a Masters in Mental Health required to practice.
Tremendous demand from insurance- based provider reference, on-line search, Psychology Today publication and some Tri-Care and VA referrals results in enormous call and email volume and 750-1000 potential patients that practice doesn't have capacity to service. A new quality pay 5-star facility with 50 beds was added end of July 2022. Continued growth can be achieved by adding therapists.
1600 sqft office space with easy access street parking was acquired and built out early 2022. Two offices may be available to lease to 3rd party until growth dictates otherwise. The property is available for sale - asking: $750,000. There are also two small satellite offices (rented) in Solana Beach and Pacific Beach can be leveraged for additional growth. A 3rd satellite in Chula Vista is new in August 2022 and offers 5 additional offices – one has a two-way mirror for specialized PCIT for children and their families.
Business gross in 2021 was $908,687 with SDE of $439,804. 2022 showing YOY growth and trending up over 20%. Asking $1,198,500 no AR/WC. Seller may be open to partial financing of business assuming no other loans.

Listing Details

  • Price: $1,198,500
  • Down Payment: $600,000
  • Sellers Discretionary Earnings: $439,804
  • Total Sales: $908,687
  • Location: San Diego County, California

  • Inventory: $0
  • FF&E: $5,000
  • Employees: 12
  • Year Established: 2016
  • Reason for Selling: Other interests
  • Category: Medical Related Biz
Mental Health (Psychology) Practice - San Diego - RE Available

Contact Agent:

Marshall Pollock
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