Mental Health Facility – Sold
Annual Revenue: $2,329,000
Net Cash Flow: $711,000
Industry: Health Care
Location: Bergen County, New Jersey
This business has been sold. Please view our Healthcare Businesses for sale. The company facilitates a positive impact in the lives of the people they serve by providing in-community psychotherapeutic services.
Providing Intensive In-Community Counseling, Nurturing Parenting Facilitators, Behavioral Assistants, Mentoring, Biopsychosocial Assessments, Clinical Supervision, Training Workshops. They cover a wide range of therapeutic needs in the following areas, but not limited to:
Employees: Office Staff: 4 Clinical Supervisors: 2 Full-Time Clinicians: 27 Part-Time Clinicians: 1 Payroll is around 75-80K biweekly Independent Contractors: 37 Payment for independent contractor is hourly base and range from 30-40 Biweekly
Square Footage: 1400
Currently, due to Covid-19, they are providing therapy services using telehealth. This has allowed us to continue our upward growth path which we estimate will be at least 45% this year.
They currently have a presence in 6 counties in the state of New Jersey. Two quick ways to grow the business is:
-Open contracts with more counties, which translates into more presence and more referrals.
-Hiring more clinicians in the counties that they currently are. Referrals exceed their offer, in many cases they must reject referrals.