"Selling your business is our business"
"Selling your business is our business"
Fully describe the business's activities?
This Therapy and Assessment Centre is a private practice that has been helping individuals, couples and families in dealing with a variety of issues since 1996. The Centre is made up of highly qualified and experienced therapists and psychologists in a number of fields. The Centre has psychologists who are trained and highly qualified in understanding, preventing, and relieving psychologically-based distress. They provide a problem-targeted solution and Individual psychotherapy / psychology to all our clients.
How long has the business been established?
Since 1996
How long has the owner had the business?
Since November 2013
How does the business operate on a daily basis?
- Therapists share a receptionist and common reception area.
- All consultations are booked on a common digital platform.
- Percentage of consultation fees are paid to the centre.
- Certain therapists pay a rental amount over and above the consultation fee.
How are the clients attracted to the business?
This centre is well known in the area and located in a high LSM area in Johannesburg north.
What Advertising/Marketing is carried out?
- Google adword campaign.
- Adverts are placed in a medical magazine.
- Each therapists advertises their individual profile.
What are the seasonal trends?
Quieter in April, August and December (Private school holidays)
How did the Covid-19 pandemic impact the business turnover / daily operations?
Owing to the nature of the business, this business saw an increase in turnover during and after the pandemic.
What steps / actions have been taken to combat the effect of Covid-19 pandemic?
Moved to online therapy, this service can still be offered depending on clients preference.
Is the business VAT Registered?
Yes.
What VAT documentation is on file?
Will be made available to qualified buyers.
Are there up-to-date Management Accounts available?
Will be made available to qualified buyers.
What Balance Sheet and Income Statements are available?
Current.
What percentage of the business is cash/credit?
100% cash
How could the profitability of the business be improved?
Enhance room occupancy.
What is the total staff complement?
-2 Psychiatrists
- 11 therapists
- 2 receptionists
- 1 cleaner
Are they on contract?
No, therapists rent space and pay the owner a portion of consultation fees to enable them to practice at the centre.
There are no employment contracts.
Do any have management potential?
Yes.
How involved is the Owner in running the business?
The owner is a qualified psychologist and also runs her practice from the centre.
Any special arrangements for the staff related to the Covid-19 pandemic?
Increased awareness and sanitizing.
When does the current lease end?
June 2026
Is there an option of renewal & what period?
Yes, 5 year renewal option.
What is the annual escalation %?
6%
What are the trading hours?
8am to 5pm Mon - Fri.
8am to 1pm Sat.
What is the square meters of the business?
200sqm
Is a copy of the lease available?
Yes.
What lease deposit and/or other surety is required?
3 months rental.
What are the main assets of the business?
Detailed asset list will be presented to qualified buyers.
How have they been valued ?
Replacement value.
Are they presently insured?
All assets are comprehensively insured.
Strengths?
- Well known in the area
- Well established
- Psychiatrists and psychologists practicing in the same medical centre is mutually beneficial.
Opportunities?
- There is room to accommodate more therapists.
- Opportunity to copy the model in other areas.
Threats?
None perceived.
What is the reason for the sale?
The owner is relocating.
Why is this a good business?
Mental health services are an increasing area of need, with constant growth seen over the last few years.
What is the price plus stock and the profit?
R2 200 000-00.
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