Annual Revenue: $4,550,000
Net Cash Flow: $1,121,160
Industry: Health Care
Location: Fairfield County, Connecticut
The company has accepted an offer, view our other healthcare businesses for sale. Accredited by CARF and licensed by CT Department of Health to provide day and evening treatment for mental health and substance abuse and intensive outpatient services for mental health and substance abuse which includes individual psychotherapy and medication management services. This facility also provides a value-added service of life coaching and furnished apartments to patients in its Extended Treatment Program (ETP) and as an option to patients in its day and evening day treatment programs. The ETP program has a capacity of 50. The facility has been approved to open a 6-bed residential therapy program. This will then allow an expansion of ETP capacity to about 55 to 60. IN NETWORK PROVIDER WITH SEVERAL INSURANCE COMPANIES
Growth/Expansion Opportunity: This facility has received approval of its CON (certificate of need) application for a 6-bed residential therapy program. Upon opening the program at a CAPX cost of about $200,000 revenue is projected to approach $8 million with an additional net income of about $900,000. The facility has been selected and is approved for the expansion. At present all facilities are leased.
CT State Approval: CT State CON; Change of Ownership (CHOW) and Licensing approval process identified and can be completed in 11 months – By Qualified Buyer
Employees: Fully staffed (~35) and operated on an absentee basis by current owners.
Reason for Sale: Retirement
Transition: Owner will provide a smooth transition. Key staff in place will remain post-sale for a new owner.
Financing: Bank Financing available
Revenue: 2015 = $ 4,195,385
2018 = $ 4,744,098 2014 = $ 3,900,676
2017 = $ 4,746,190 2013 = $ 3,289,077
2016 = $ 4,161,518 2012 = $ 1,150,293
Absentee Owner?: Yes