Established Mental Health Clinic for Sale - Salt L

SALT LAKE CITY, Utah

Asking Price	$550,000	Year Established	2006
Annual Revenue	$874,061	Reason for Selling	Retirement
Annual P/L	$0	Attention	Kevin Hulsey
Annual Cash Flow	$136,460	Listing Number	1001458
# of Employees	4	Business Category	Services: Medical, Dental

Business Overview:

The practice specializes in comprehensive mental health services, focusing on treating depression, anxiety, and ADHD, while offering advanced diagnostic tools like Quantitative Electroencephalogram (QEEG) testing to develop personalized care plans. Established in 2006, this highly regarded clinic is now available for $550,000 as the seasoned owner plans to retire.

Operating from a spacious 3,750 sq. ft. facility, the clinic features 5 exam rooms (with potential to expand to 7), a dedicated testing room, a welcoming waiting area, a fully equipped kitchen, a storage/records room, and 12 parking spaces. The practice employs three nurse practitioners and subleases space to a psychologist, fostering a strong collaborative care environment. Included in the sale are office equipment, furniture, computers, and ADD/ADHD testing supplies, valued at approximately $20,000.

Growth opportunities abound, including leveraging untapped marketing channels like social media and search ads, optimizing exam room capacity, increasing provider recruitment, and improving billing practices. With a solid patient base and minimal local competition, this well-established clinic is poised for expansion. The retiring owner is open to supporting a smooth transition and is available for up to 6 months.

Property Features and Assets:

Market Competition and Expansion:

<p>The owner reports marketing efforts have been minimal since the practice has always had enough patients to the owner’s liking.  The Owner reports there is very minimal competition in his space. Current marketing channels include website and word of mouth referrals.<br><br>Growth Opportunities:<br></p><ul><li>Increase marketing efforts (the practice has never used FB, Google Ads or radio and minimal boot on the ground advertising)</li><li>Maximize the current space (there are 2 extra rooms that could be converted in to exam rooms)</li><li>Increase provider recruiting efforts (room for 2 more FT)</li><li>Improve billing practices (the code 90833 is being underutilized)</li><li>Apply for MC/MD</li><li>DeNovo growth</li><li>Acquisitions<br></li></ul>

Additional Details: