Listing ID: 84127
Business Overview
This is an incredible opportunity to own a successful outpatient behavioral health clinic with multiple locations in Massachusetts. The company provides a multidisciplinary approach to behavioral health services for children, adolescents and adults. The clinic focuses on evidence-based therapy, psychological and neuropsychological assessment, and psychiatric medication management services. The company is credentialed with most major health insurances and was able to negotiate a higher reimbursement rates per visit than its competitors. The company has an impeccable reputation in the industry with a constant waiting list of patients looking to book appointments. Currently, the company operates with 21 employees (9 full time/ 12 part time). Whether the prospective buyer owns an out of state mental health facility, and is looking to expand services in Massachusetts, or run an existing healthcare business (i.e. Addictions facility, Nursing Home, Residential or Outpatient Mental Health Treatment Facility, Nutritional Behavioral Health Services, etc.), this highly profitable opportunity will compliment any healthcare business. The company currently provides services out of their four locations. The COVID-19 pandemic has not slowed this business down. The company swiftly adopted and converted all of its client base to virtual telehealth sessions.
The demand for behavioral health services continues to rise, as the patient population grows. This makes it a uniquely favorable time to step into this expanding area of healthcare.
Financial
- Asking Price: $1,250,000
- Cash Flow: $240,638
- Gross Revenue: $1,141,550
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:21
- Furniture, Fixtures and Equipment:N/A
Medical Office Buildings
Owners are looking to stay on with the company for a few years, with a potential retirement plan
Additional Info
The company was established in 2013, making the business 9 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. Nonetheless, the genuine factor vs the one they tell you may be 2 totally different things. As an example, they may say "I have a lot of various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be excuses to try to hide the reality of altering demographics, increased competition, recent decrease in profits, or a range of other reasons. This is why it is very essential that you not rely absolutely on a vendor's word, however instead, utilize the seller's answer combined with your general due diligence. This will paint a more sensible picture of the business's current situation.
Existing Debts and Future Obligations
If the existing company is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of operating businesses finance loans so as to cover items like inventory, payroll, accounts payable, etc. Remember that occasionally this can mean that revenue margins are too thin. Many companies fall into a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that have to be met or might cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new clients? Most times, businesses have repeat customers, which form the core of their everyday revenues. Certain factors such as new competition growing up around the area, road building and construction, as well as employee turnover can affect repeat customers as well as adversely influence future incomes. One crucial point to think about is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the higher the opportunity to construct a returning consumer base. A last thought is the general location demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Exactly how might the local average family income impact future income potential?
