Established and Turn-Key Mental Health Practice- 1287-00027

Fort Lauderdale, Broward County, Florida, United States

Asking Price-

Revenue$950k

EBITDA-

Cash Flow$322k

Description

Reason for Sale: Stepping Away from Ownership Responsibilities-Highly reputable, Established, turn key Mental health practice consisting of experienced team made up of Board-certified Doctors, Licensed mental health counselors, licensed clinical social workers, therapists, and administrative staff strategically located in Broward County. Consumer base demographic consists of kids, adults, and elderly individuals with melting pot of backgrounds. Practice is enrolled with ACHA in state of Florida, private insurance, and private pay. Billings are 65% from Medicaid consumers, 30% private insurance, 5% private pay. Blended profit margins from services are roughly 40% which include Therapy services, Targeted case management, and Psychiatric services. Telehealth technology platforms has been implemented since 2019 to more efficiently serve consumers. Automated patient portal for ease of payment. Excellent acquisition opportunity for larger health care provider to expand services, large potential for cross sell, or stand-alone acquisition for mental health care practitioner. Quality Assurance audit history has been excellent. Clean books and records. 2023 Billings 950k SDE 322k. Many 4-5 star google reviews. Owner will stay as long as needed for successful transition.

Real Estate

Rent is $423,200 per month

Building Size: 1701 sq. ft.

Furniture Fixtures & Equipment

$20k

Number of EmployeesFull-Time: 2

Year Established

2015

Reason Selling

Step Away from Day to Day Ownership Responsibilities

Support & Training

4 weeks no cost

Asking Price-

Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.