Annual Revenue: $5,406,578
Net Cash Flow: $841,061
Industry: Health Care
Location: Upstate, New York
This practice provides a full spectrum of psychotherapy services for ADD/ADHD, Anxiety Disorders, Autism Spectrum Disorders, Child Behavior Disorders, Depression, Personality Disorders, Substance Abuse – among many other Behavioral Health Disorders.
The practice employs over 60 therapists and 20 support staff. This practice is a Commercial Insurance In-Network Provider. Owners have implemented growth initiatives expecting to significantly increase SDE/EBITDA in 2020 with a target EBITDA of over $1.1M by year-end.
Fully Staffed 60+ Therapists in multiple disciplines, supported by a staff of 20+ at the administrative level. The owner is active from a CEO and CFO level – carrying a small caseload to stay in active practice.
Reason For Sale:
Training & Support:
The owner will provide a smooth transition. A 30-day transition is included and is open to a long-term employment contract focused on program development and expansion. CEO, CFO, and Program Expansion Level.
Current office space is owner owned and available at fair market value or long-term lease. Real Estate value is +/- $3.0M – the owner prefers the sale of RE along with the practice.
The practice currently has an active client database, which is growing at a steady pace. The practice has the ability to expand by adding ETP, IOP, and Group Substance Abuse Programs as well as a full continuum of care in this area. Developing Group Therapy for Autism Spectrum Population, Anger Management, DBT are just some areas of growth. There is a demand for these services in the market. Adding a Psychiatrist to the staff would significantly increase the current census of patients. Additional resources focused on marketing, program offering expansion, and developing services offered in existing verticals and increasing the census via organic growth would facilitate the normal growth of the practice. At present, the practice is run at a sustainable maintenance level, including lifestyle management of the current owner.