Description of the business for sale
An excellent opportunity for the executive/administrative minded buyer. You manage the business and the health care professionals generate the income. Fully staffed. Buyers are not required to be licensed counselors or therapists (the company employs the required staff). Patients are required to pay at the time services are rendered, which keeps the accounts receivable low. The business has been in operation since 1982 with continued growth. The current owners are retirement-minded and are ready to transition out of the business operation (and real estate). During 2009 a new owner/operator could have earned a W-2 Salary of $100K and enjoyed additional Seller Discretionary Earnings of $155,270. The 2009 SDE represents a return of 34.6% on the $449,000 ask price (real estate not included in ask price).
This is a hands-on operation that requires the owner to reside in the community.
The owners also wish to sell two income producing office properties used by the mental health practice at an ask price of $985,000 for the two (see information below).
Contact: Grover Rutter, licensed with Phil Cole Real Estate and Auctions, 419-427-1564
REAL ESTATE IS AVAILABLE AS FOLLOWS:
1. Office Property #1: Sale of office real estate for $795,000 (2009 debt free cash return was $85,039 or a 10.7% return)
2. Office Property #2: Sale of office real estate for $190,000 (2009 debt free cash return was $16,710 or 8.8% return—with capacity for more rental revenues)
Support / Training provided by seller
Training provided for negotiated period of time
Description of the facilities
Two beautiful office facilities. #1) approx. 7,975 sq. ft. Grossed $126,000 in 2009 with debt free rental operating profit of $85,039. #2) approx 2,470 square feet. Grossed $20,100 in 2009 with rental operating profit of $16,710; #2 has capacity for additional annual rental income.