Great Opportunity to Acquire a Well Established and Highly Regarded MultiDisciplinary Pediatric Practice in Southern California
A highly regarded multidisciplinary pediatric practice with an emphasis on speech language therapy provision is available for sale. Located in a prime mixed residential/commercial, easy to access area in Southern California, this turnkey operation currently provided over 50 sessions per day. The 3,000 square foot clinic is fully built out, ADA compliant and includes both individual treatment rooms and a gym. The practice is up to date with all EMR and billing platforms. The practice is in network with over 10 insurers and groups including Kaiser and UCLA Medical Group. The practice works with children ages 1-16 years of age with typical diagnosis being Phonological Disorder, Expressive Language Disorder, Mixed Expressive-Receptive Language Disorder, Autism Disorder, Feeding Difficulties and Apraxia.
Currently there are 6 speech pathologists including a clinical director and 3 occupational therapists on staff, along with 3 administrators and back-office staff. It is anticipated that the speech therapy staff will grow by 2 in the near future – a new hire is set to start shortly, and someone is due back from maternity leave. Prospects for existing staff to stay on under new ownership is excellent. The practice consistently grosses over $1.6M annually.
LEASE: The rent is approximately $6,300 per month. with the current lease end date of November 2024,
The lease is reasonable and transferrable, and copies of the lease are available for review.
FINANCIAL AND PRACTICE STATISTICS: Full financial information including tax returns and P/L statements along with all relevant practice data from the past three years and year to date are available for review by qualified and serious buyers once an NDA is signed.
TERMS: Ask price is $644,000.00. The owner is willing to stay on for a reasonable transition period. This is an extremely solid foundation upon which to build or have a great second location for existing practice owners. While preference will be given to an all-cash buyer, we will also consider financing options for the right party.
Details
- February 9, 2024
- California
Contact
- Ralph Santos Certified Business Broker (CBB), Broker, MBA, OTR/L, Notary Public Healthcare Biz Brokers, Inc.
- Call/Text: (818) 731-7173
- Ralph@HealthcareBizBrokers.com