Texas Psychological Testing Center For Sale- $1M Annual Gross Revenue – Austin, TX
Annual Revenue: $1M
Asking Price: $650K
Popular Texas Psychological Testing Center for sale in Austin Texas and Cedar Park, Texas. This sought-after 20-year old Texas Psychological Assessment Center for sale has two locations – one testing center located in South Austin, 10 minutes from Downtown Austin. The second location is 20 minutes away in nearby Cedar Park, Texas. The Psychological Testing Center expanded telehealth equipment and telehealth services during the pandemic, broadening patient base to now include rural locations, all Texas Universities, and those who may have physical and mental health concerns.
Psy.D. Owner, three licensed Psychologists, three Psychometricians on staff. One additional contracted licensed Psychologist performs assessments on Fridays. Two full-time staff – 7 yrs and 10 yrs, respectively who know the business workflow well. Each Psychologist and Psychometrician sees 10-15 patients per week. All are willing to remain and assist in smooth transition.
The current practice specializes in psychological assessments for patients ages 5 and up to clarify intellectual functioning, academic achievement, memory deficits, and emotional functioning. The practice conducts cognitive, achievement, and psychological batteries for treatment purposes. Forensic assessments are not provided.
Strong referral base including psychiatrists, neurologists, pediatricians, and family doctors, schools (colleges, charter and private), ABA (Applied Behavioral Analysis) centers, and psychotherapists.
The South Austin practice is located in a real-estate owned, 1800 square foot, free-standing building. The office includes five testing offices, a waiting room, reception area, test administration room, test equipment room, and bathroom. Available parking in front and behind the building. Enclosed parking in the back. The location is easily accessible to south, west, central, east Austin and Downtown Austin.
The building is available for purchase separately from the medical practice.
The Cedar Park location consists of 1300 SF leased month-to-month. Current monthly rent is $1100/month. Electronic medical records are managed with Pimsy EHR. The practice accepts Medicare, private insurance and self-pay. The practice cash flows and gross receipts and net income continue to climb higher each year.
The practice has grown through word of mouth. Adding advertising and targeted digital marketing strategies can quickly grow additional revenue base. Community outreach is another growth avenue yet to be tapped.
Testing consists of extensive Cognitive/Memory tests, Achievement Tests, Continuous Performance Tests, Projective Tests, Structured Questionnaires including Brown, ASRS, PAI and BASC 3 and more. Extensive list of owned telehealth equipment. Leased 8×8 phone system, copier and credit card processing machine.
This Texas Psychological Testing Center for sale comes with a comprehensive manual that includes detailed report templates, referral resources, tables for report writing, tables for purchasing testing equipment, and an extensive operations manual.
100% Bank Financing Available with approved credit. Inquire below.
Medical Practice Brokerage, Performance Consulting and Financing Solutions
This medical practice for sale opportunity is offered by Tinsley Medical Practice Brokers, a medical practice appraisal, medical practice brokerage, medical practice performance consulting and medical practice financing firm. Our group is a leader in physician consulting, business development, financing solutions and medical practice appraisal and pre-and post transaction consulting.