Large + Profitable Psychology Practice selling In Bris
Business Sold Brisbane QLD Region, Queensland
Business Category
SOLD
Description
Large + Profitable Psychology Practice selling In Bris
Why buy this business?
• New lease to be negotiated with the buyer; potentially 3x3x3, as the landlords own the business
• 450 m2 office w/ 12 rooms
• Stable practice with many yrs trading
• Not fully optimized with 3x empty rooms so growth opportunities
• High no# of referrals from GPs + paediatricians so no issues with client demand
• Selling for family reasons; not looking to compete post settlement!
An ideal buyer may be a medical corporate or a clinical psychologist looking to grow their footprint on the south side of Brisbane. As the vendor has a very niche market, other service offerings might grow the business & increase room utilization. Currently the clinic is not open AH's or on the w/end, so there is perceived capacity to increase income by another $800K pa. The workforce exists for another allied health service provider to join the team & to introduce complimentary services.
W/ an ethical obligations to their clients, the vendors are seeking to sell to a buyer w/ the experience & backing to run the practice profitably. Post settlement, the vendor may negotiate terms such as duration and location of work, ideally supporting long-term clients (only about 15% of total).
Other opportunities to grow this business may be by gaining NDIS regn or by being bought by a company that has this already. Only self-funded NDIS participants are currently treated.
The team are employed and contracted, with a result that payroll tax is now a business expense.There is little remaining value in the P+E but it has intrinsic value. Building may be for sale at the right price circa $3+M.
Site visits may take place after an initial online chat at a time that is mutually convenient outside trading hrs.
Broker: Sally Stuart
XXXXXXXXXX
XXXXXXXXXX
THE PURCHASER TO MAKE THEIR OWN INVESTIGATIONS & Inquiries IN RELATION TO THE BUSINESS & NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON THEIR BEHALF
Ref: NSW10904
Ref: NSW10904
Timestamp: XXXXXXXXXX 3002
• New lease to be negotiated with the buyer; potentially 3x3x3, as the landlords own the business
• 450 m2 office w/ 12 rooms
• Stable practice with many yrs trading
• Not fully optimized with 3x empty rooms so growth opportunities
• High no# of referrals from GPs + paediatricians so no issues with client demand
• Selling for family reasons; not looking to compete post settlement!
An ideal buyer may be a medical corporate or a clinical psychologist looking to grow their footprint on the south side of Brisbane. As the vendor has a very niche market, other service offerings might grow the business & increase room utilization. Currently the clinic is not open AH's or on the w/end, so there is perceived capacity to increase income by another $800K pa. The workforce exists for another allied health service provider to join the team & to introduce complimentary services.
W/ an ethical obligations to their clients, the vendors are seeking to sell to a buyer w/ the experience & backing to run the practice profitably. Post settlement, the vendor may negotiate terms such as duration and location of work, ideally supporting long-term clients (only about 15% of total).
Other opportunities to grow this business may be by gaining NDIS regn or by being bought by a company that has this already. Only self-funded NDIS participants are currently treated.
The team are employed and contracted, with a result that payroll tax is now a business expense.There is little remaining value in the P+E but it has intrinsic value. Building may be for sale at the right price circa $3+M.
Site visits may take place after an initial online chat at a time that is mutually convenient outside trading hrs.
Broker: Sally Stuart
XXXXXXXXXX
XXXXXXXXXX
THE PURCHASER TO MAKE THEIR OWN INVESTIGATIONS & Inquiries IN RELATION TO THE BUSINESS & NOT TO RELY UPON WARRANTIES OR STATEMENTS MADE BY THE VENDOR OR BY ANYONE ON THEIR BEHALF
Ref: NSW10904
Ref: NSW10904
Timestamp: XXXXXXXXXX 3002
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