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Asking Price$404,000
Revenue | $949,328 |
Established | Undisclosed |
Cash Flow | $182,675 |
Employees | 27 full-time |
FF&E | Undisclosed |
Franchise | No |
Inventory | Undisclosed |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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Absentee owner profited $182,675 in 2015! Since starting this business the owner has realized over 305% growth and sales are continuing to increase. This thriving practice is a leader in Trauma Therapy which is unable to keep up with demand and has to turn away new clients. Unexpected relocation of the owner to a new state has enabled this opportunity to be available for a new owner to take advantage of the abundant growth opportunities. Two offices service a 60 mile radius of Omaha.
Witnessing the effects of helping a large and diverse demographic of clients by making a lasting impression on their lives drives this dedicated staff. This practice provides services from newborns whom require supervision of parental visitations to seniors living in nursing homes whom need mental health therapy and any stages in between. The following specific services are offered supervised visits, therapeutic visitation, family support work, individual and family therapy, parenting time, intensive family preservation, chemical dependency evaluations, and an internship program. Most services are in home unless a neutral location is required. Contracted with the State of Nebraska as an in-network provider for Nebraska Family Collaboration as well as other State and Federal payer sources. Most clients are court ordered to receive these services versus electing to receive mental health therapy.
The fact that over 80% of their Therapists are dually licensed and trained in Trauma Focused/Cognitive Behavior Therapy distinguishes this business from competition. Barriers of entry into this industry are high due to main payer sources having slow and rigorous credentials to authorize licensed staffed agencies to bill them as well as practices becoming in network with NFC which has gone 4 years without adding a new provider.
Growth opportunities such as selectively hiring additional Therapists to obtain the clients being turned away as well as leveraging the second rural office to be more profit driven. There are two aspects of this business: clinical and operational. Originally the seller was clinical but has delegated clients to the staff in place and is currently running this business entirely operational, remotely via phone and bi-monthly onsite visits. New owner does not need to be a licensed professional and seller is willing to educate on the industry procedures and regulations.
Reason for Selling: Summer of 2015 Moved to New York Personnel: 1 Manager, 23 Licensed Therapists, 3 Community Service Workers, Internships Support to Buyer: Seller is willing to train and assist Buyer for 90 days after Sale onsite and remotely Additional Information: Location and Service Area: Two locations serving clients in a 60 mile radius of Omaha – specific counties Douglas, Sarpy & Cass Building: Located right off the interstate with easy access Employees: 1 Manager, 23 Licensed Therapists, 3 Community Service Workers, Internships Clients: Age range 0-100, newborns to seniors Services: Supervised visits, therapeutic visitation, Family Support Work, Individual and family therapy, Parenting Time, Intensive Family Preservation, Chemical Dependency Evaluations, Internship Program Referrals: NFC, Project Harmony, Magellan, Probation, Pretrial Release, Golden Living, Law Firms, Regen 6 and word of mouth. Average Payer Mix: BCBS, Coventry, NFC, Medicaid Current Owner’s Responsibilities: Remotely operating via phone and bi-monthly visits. Owner responsible for financials
Financial Overview Gross Sales 2015 $949,328 2014: $620,304
Owner Profit/Cash Flow 2015 $182,675 2014: $124,415
Growth/Sales Trends: 53% Growth from 2014 to 2015 Profit Margin: 19% Multiple: 3.5 Fair Market Value: 2014 Cash Flow x Multiple = Price $124,415 x 3.5 = $435,452
Due to the seller’s urgency for a timely transition a discount of $31,452 from the Fair Market Value found above positions the business List Price at $404,000
Funding Example Purchase Price: $404,000 10% Buyer Down Payment: $40,400 15% Seller Financing: $60,600 75% Bank Loan: $303,000
$117,299Net Operating Income (Profit) 290% Return on Down Payment in Year 1
Facilities: | Location and Service Area: Two locations serving clients in a 60 mile radius of Omaha – specific counties Douglas, Sarpy & Cass
Building: Located right off the interstate with easy access |
Training/Support: | Seller is willing to train and assist Buyer for 90 days after Sale onsite and remotely |
Seller Financing: | 15% Seller Financing: $60,600 |
Sale Reason: | Summer of 2015 Moved to New York |
Ad #78624
Seller Reference #HEA009
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