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Refer to Broker
$504,600
My motivated vendors are seeking to hand over their legacy to an ethical psychology operator, to ensure the integrity & purpose of the practice continues.
The psychologist owner is NOT working clinically; nor has she been more than a figurehead for the last 3 yrs. It is effectively run under management. A PM wks 4x days/wk & the vendors spend less than 1x day/month on this business.
The reputation of this clinic, with an online arm available, is so incredible that they receive many applns to work from provisionally registered psychologists. The team get paid market rates, see approx 5x kids/day & have been w/ this business for 4-6 yrs. Seeing sticky/loyal pts/clients In a suburb surrounded by many school catchments, this mixed billing clinic is well placed from an affordability perspective for the families of the children that need these services. Some will pay private fees whilst others use the mental health care plans from a GP using Medicare.
The three-year lease ($52K per year plus GST) ends on August 25, 2025, with a three-year option. The annual inc. CPI or 3%, whichever is greater. There is a market review at the commencement of the new term.
This is a business sale of the assets of this paediatrics psychology business, the company is NOT for sale. The company name is registered and protected.
There is no stock associated w/ this sale. Using MYOB for the management accounts, Front Desk Office software for the PMS, they are not yet offering online bookings (still booked at the front desk by the parents/guardians).
There are many opportunities for a business buyer to add value to this business, so if you are keen to acquire the strongest child psych business in Brissie, inquire! Online meetings may be booked at a mutually agreed-upon time with a site visit scheduled for parties progressing outside business hrs for confidentiality reasons.
Broker: sally.stuart@linkbusiness.com.au
Details of this business are confidential disclosure is subject to completing a CA. Purchasers are required to make their own inquiries in order to verify the info.
Ref: NSW11298
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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