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Mental Health Company in Chicago Metro

Location: Chicago Metro

ID: (#201026)

201026
Price:$549,000
Revenue:$532,109
Cash Flow:$173,506
FF&E (Assets):$15,000
Inventory:$0
Real Estate:$0

Overview

Long standing and stable Mental Healthcare Company serving both 3rd party and private payor patients. This company is located in the Chicago Metro area and was founded in 2014 and now has 10 employees (8 clinicians and 2 admin).

Details

Reason for Selling:

Owner is pursuing other business interests.

Established:

2014

Employees:

10

Furniture, Fixtures, and Equipment (FF&E):

Assets include office furniture and equipment for 3 offices and a waiting room.

Facilities:

N/A

Inventory:

N/A

Competition:

There are several Mental Health Clinics in the area, but the demand for Mental Health Services far exceeds the capacity provided. This clinic currently markets itself predominantly via continuous personal networking and relationship-based marketing activities, which includes a part-time marketing representative. Patients come from referral sources (MDs, DOs, NPs, PAs and Neuropsychologists), past clients, insurance panels, psychology today, an active google funnel and website.

Opportunities for Growth:

Heightened societal awareness, and reduced stigma surrounding mental health services, have led to an increased demand for counseling. The opportunity for revenue growth is rooted in the ability to provide space and resources for new clinicians. Additional Opportunities include onboarding more providers, accepting more student interns and master level clinicians, accepting all insurance and expanding physical facilities and telehealth.

Support and Training

The Owner is willing to assist with the transition and supervision up to 6 months. The management team anticipates remaining with the company. The office manager has been with the company for 4 years. She handles revenue cycle management and human resources. The second team member oversees marketing and scheduling. She would like to stay and grow with the company.

Broker Contact Information

  • Idaho - Boise
  • By Appointment Only
  • 800 W Main Street, Suite 1460
  • Boise, Idaho 83702
  • Real Estate Broker: Bristol Group