Olmsted County Child And Family Therapy Business
Not Disclosed, MN Olmsted County
Southeast Minnesota
Seller's Contact Information
- RE: Olmsted County Child And Family Therapy Business
- Contact: Jacob Petersen
Quick Facts
| Asking Price: | $100,000 | |
| Annual Revenue: | $297,877 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $46,841 | |
| Total Debt: | Not Disclosed | |
| FF&E: | 14,965 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2006 | |
| Employees: | 1 | |
| BBN Listing #: | 55794955 | |
| Broker Reference #: | 5106-17265 |
Business Overview:
For sale is a small, dynamic mental health center that provides stellar, strength-based therapeutic support to a wide range of clients experiencing a myriad of mental health stressors. The company takes a holistic, strength-based approach to empowering clients to find solutions to their problems; from gaining healthy coping strategies to manage life’s stressors and to live the lives that they desire as fully as possible. The clinical team is committed to providing ethical, competent, research-based therapeutic support to each client according to her/his stated goals. The clinical team is committed to meeting each client where they are and helping them get to where they want to be.
The company has one employee that is an office manager, and the clinical team consists of 3 independent contractors. Currently the owner has a case load which requires 1.5 days per week of clinical work. Additionally, the owner spends 2 hours per week managing the clinical team and the office.
Currently, the owner is responsible for:
-providing clinical support to a caseload of clients (1.5 days per week);
-maintaining appropriate documentation;
-conducting our clinical team meetings on a weekly basis;
-maintaining policy and procedures implementation, updates and additions to our policy and procedure manual;
-reimbursing Independent Contractors on a bi-monthly basis; paying bills on a bi-monthly basis;
-overseeing insurance audits;
-addressing those issues that require administrative intervention;
-collaborate with community resources;
-Court testimony when required;
-supervising clinical interns.
To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.
Property Features and Assets:
Current facility is leased and the landlord is open to long-term leasing opportunities. The space is adequate for current operations. Assets = $15,465
Market Competition and Expansion:
The Psychologists, Social Workers and Marriage Counselors industry includes non-physician mental health practitioners that diagnose and treat mental, emotional and behavioral disorders. The nature of the industry enables it to thrive even when economic conditions are poor; mental health services are needed especially when there is a higher potential for damage to individuals' ego, strength and emotional stability. As a result, revenue for the industry is expected to grow at an annualized rate of 7.3% to $24.7 billion over the five years to 2022. However, the COVID-19 (coronavirus) pandemic forced many industry operators to close their offices and begin only offering online counseling. While online counseling has been a way for psychologists and counselors to keep helping patients, tele-health typically generates less income than traditional in-person counseling, resulting in a decline in average profit. However, as the pandemic slowly passes and industry operators are able to offer in-person services, industry revenue is expected to rise an estimated 3.0% in 2022. Early during the five-year period, the Patient Protection and Affordable Care Act (PPACA) supported the industry by expanding access to health insurance. However, several key aspects of the PPACA, such as the individual mandate, have been eliminated, causing private insurance enrollment to decline. Private insurance payments are expected to account for 38.2% of industry revenue in 2022, representing a decrease over the past five years. However, wider public awareness of mental health issues, due in part to awareness campaigns such as Mental Health Month, has helped increase the number of overall industry patients. Consequently, the number of industry employees is expected to grow at an annualized rate of 7.2% to 350,181 workers over the five years to 2022. Federal funding for Medicare and Medicaid is expected to continue expanding over the five years to 2027 due to rising demand as a result of the PPACA. Additional stipulations regarding health reform, combined with improving economic conditions, will likely increase the number of privately insured individuals, further boosting demand for mental health counseling. As a result, industry growth is expected to remain strong over the five years to 2027, increasing at an annualized rate of 3.0% to $28.6 billion.- IBIS World The company currently turns away many potential clients and a new owner could very quickly get to a full-time case load if desired. There are opportunities to grow the business in terms of adding staff and expanding programming that could be offered. Current office spaces are filled so adding new staff would mean moving to a larger office space. There is also great potential for growth in offering a variety of therapeutic groups. The current office space is too small at the present time to be able to offer the variety of groups that we would like to be able to offer. Both of these growth opportunities could involve getting a second office location or moving into a larger office space.
Reason for Selling:
Owner wishes to retire and transition the business.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
Here are some of the similar listings you can choose from
Asking Price: $100,000Well Established Mental Health Counseling Office
This counseling practice has an extensive client list along with a strong history with all major insurance panels and local employee assistance programs. Located just outside the Greenville area of the Upstate, this practice has been serving the local communities for thirteen years. The practice receives several calls a day regarding new prospective clients and is experiencing an average of 16 new clients a month.
Asking Price: $499,000Medical Weight Loss and MedSpa w/ real estate!
Attn NP’s, PA’s, Doctor’s and non-medical individuals that want to work for themselves! High profit opportunity, fully turnkey in newly remodeled clinic, all new equipment, fully furnished - why lease when you can own! Business is up and running-buy today, start working tomorrow. Close before 12/31/23 for $20,000 off listing price. 2 weeks free training. ROI potential of 2x asking price in first year! Contact us today for more information!
Asking Price: $180,000Licensed Home Care Agency Medicaid Philadelphia PA
Homecare License is of a great value as it takes over a year (sometimes a few years) and $$$ in legal documents preparation, staffing, space, accounting, Policies and Procedures Manual approvals. Agency had also undergone State Department of Health licensing process and was issued Medicaid provider number.
Asking Price: $295Small Animal Veterinary Practice
This is a small 1 Doctor practice on a very busy highway. The practice is well equipped. This practice is a great alternative to doing a start-up.
Asking Price: $150,000Durable Medical Equipment License with Medicare
Unique Brand New License with Medicare Number!VERY DIFFICULT AND LENGTHY TO OBTAINSave money and time: government licensing fees for attorneys and consultants, rent expense while waiting, unpredictable disapproval risk.We provide you with all necessary surety bond/ general liability policies, Policies and Procedures Manuals and administrative forms.We have 24 years of experience in facilitating healthcare startups licensing across US
Asking Price: $649,000$19,000 NET PROFIT PER MONTH
Over $19,000 NET PROFIT PER MONTH! Clean Books and Records. This established Non-Emergency Medical Transportation company (over 8 years) is located in San Fernando Valley in Los Angeles County. The sale includes 7 vehicles (5 Ford Transits and two E250). The vehicles can transport wheelchair, gurney and ambulatory patients. Medical provider is included in the sale.
