Highly Reputable, Established, Turn-Key Mental Health Practice

Fort Lauderdale, FL
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Cash Flow:$321,985
Rent:$4,232
Established Year:2015
Gross Revenue:$950,365
FF&E:$20,000
BUSINESS DESCRIPTION

Highly Profitable Mental Health Facility

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.


DETAILED INFORMATION
Location
Fort Lauderdale, FL
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,701
Lease Expiration
30/06/2029
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Support & Training
4 weeks no cost
Reason for Selling
Step Away from Day to Day Ownership Responsibilities
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Russell
Cohen
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Russell Cohen