MergerPlace

Very Successful Psychology Practice

Tampa, Florida (Hillsborough)


  • Asking Price: $300,000
  • Gross Income: $186,122
  • Cash Flow: $126,499
  • Real Estate: $225,000
  • Inventory: Not Disclosed
  • FF&E: $35,000
  • Listing ID: #202663
  • Established: 1991
  • Employees: 4

Business Description

Don’t miss out on this opportunity to own a very successful psychology practice that specializes in providing evaluation and testing services for the Office of Disability Determination through an established referral system. Current owner is relocating after practicing in the area for over 25 years. The extensive referral network, in conjunction with the tailored program/software that has been developed at this office, could be very profitable for one or more licensed Psychologists looking to add other revenue streams and to expand their practice.

Interested in learning more? For a complete presentation please contact Tim Bellon at 813-326-7252.

Important Notice: This is an operating business being offered for sale confidentially. Interested parties must complete and return a Non-Disclosure Agreement, and a Buyer’s Profile. Once pre-screened with those documents, prospective buyers will be provided more detailed information pertaining to the business.


Business Details

Primary Business Category: Services - Professional, Scientific and Technical
Location: Florida
Metropolitan Area: Tampa
County: Hillsborough

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 4

Financial Information

Asking Price: $300,000
Gross Revenue: $186,122
Cash Flow: $126,499
FF&E: $35,000
Real Estate: $225,000
Seller Financing Available: No

Property Information

Facilities:

A stand alone Sears Craftsman Home that was constructed in 1923 that occupies approximately .15 acres of land. Located on a busy street, with easy access to a major highway. Space includes three offices, a large lobby, bathroom, kitchen and utility room.

Growth & expansion opportunities:

A new owner could expand the services being offered, bring on more employees with other skill sets, or increase networking/marketing the practice to other providers and the public. The receptionist area could be built out in the lobby in order to create three fully functional offices. A new owner could bring in therapists conducting private practice to augment the income generated from the disability evaluations. Moreover, psychometricians could be hired in order to facilitate the testing.

Competition:

The business faces very little competition pertaining to the work that it does for the Office of Disability Determinations. For that reason, the schedule is nearly always filled two to three weeks in advance.

Reason for selling:

Relocating

Support & Training:

The Seller will spend up to 40-hours of training and conducting a complete and orderly turnover of the business with the new owner following the close of escrow. In addition, the Seller will sign a 3-year non-compete agreement directly with the Buyer within a 25-mile radius of the business location.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Tim Bellon

VR Business Sales of South Tampa