Annual Revenue: $805,406
Net Cash Flow: $523,529
Industry: Health Care
Location: Miami, Florida
The Company is a Miami-based therapy and mental health services center founded in late 2020, that provides highly personalized service, resulting in more effective treatment while ensuring continuity of service.
The clinic treated 75 clients in its first full year up to 2021, funded through private insurance, Medicare, Medicaid, and cash payments. Its revenue and the subsequent profit have been attained generally through referral and word-of-mouth marketing. The Company achieved in one year of operation more than $800k income, 81% gross profit margin, and $524k SDE in 2021.
The Company offers a wide variety of clinical mental health services to clients of all ages.
The clinic’s emphasis is on Geriatric Psychosocial Rehabilitation (PSR), a program that supports clients in learning more about their mental illnesses; it develops coping skills for symptom management to work toward personal growth and recovery, primarily through skill-building groups. The clinic also offers individual therapy, group therapy, and family counseling.
The Clinic’s main competitor is Leon Medical Centers. Leon does not specialize in mental health conditions and therapy with eight locations in Miami and Hialeah, Florida. It offers therapy as one of its many services, including dentistry, cardiology, and gynecology.
Potential Growth: With mental health diagnoses skyrocketing, there will be a continued and intense need for treatment services. (According to the National Alliance on Mental Health, almost 3 million of Florida’s adults – 1 in 56 – suffer from mental health issues).
The treatment clinic has become a necessary resource in the Miami community and presents an excellent opportunity for expansion to provide specialized medical studies/services in addition to its existing services.
The Company has not done any paid marketing and significant expansion opportunities exist once proper paid marketing is undertaken.
Unlike its competitor, the Company provides a specialized and more personalized service that results in more effective treatment with a continuity of service.
The owners are amenable to staying on through a transitional phase to help the new owner acclimate.
Reason For Sale:
The owners have another business outside of Florida that they have chosen to focus their efforts on.
Employees: 7-member team includes 2 owners, 1 office manager, 2 therapists, 1 clinical director, and 1 medical director (nurse practitioner).