MergerPlace

Outpatient Mental Health Clinic

Michigan (Oakland)


  • Asking Price: $139,000
  • Gross Income: $519,836
  • Cash Flow: $54,667
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $12,000
  • Listing ID: #226924
  • Established: 1975
  • Employees: 11

Business Description

Available for acquisition is a unique opportunity to own a long-established Comprehensive Outpatient Mental Health clinic with deep roots and wonderful reputation in the community. The clinic specializing in both, individual and couple/family therapy including children and adolescents.
Experienced staff consists of 10 therapists seeing patients both in person and via telehealth, and 1 full time office manager, who takes care of all office administrative duties and customer service. Patients come from direct referrals to personnel as well as agency referrals from various sources averaging 20 new patients each month. Billing is currently outsourced.
The clinic is on all major insurance and most small area panels. The billing mix is approximately 70% insurance and 30% private pay. With a stable clinical team and an outstanding reputation for several decades in the community, this clinic could thrive with the energy of a new owner.
This business would be a natural fit for existing psychiatric or mental health practice or any professional in the field interested in their own practice. More information is available with signed NDA and proof of financial capabilities.


Business Details

Primary Business Category: Health Care - Nursing & Residential
Location: Michigan
County: Oakland

Company Information

Year Established: 1975
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 11

Financial Information

Asking Price: $139,000
Gross Revenue: $519,836
Cash Flow: $54,667
FF&E: $12,000
Seller Financing Available: Yes

Property Information

Facilities:

The beautifully set up office is located in the desirable part of Oakland County and operates out of leased space consisting of 1,750 sq ft main offices including lobby, receptionist area, restroom, kitchen and 8 offices. Additionally, there is an add-on suite that includes 3 more offices, conference room and a small restroom. The lease has 3 years left and expires in March of 2024. Great local traffic with ample parking available.

Growth & expansion opportunities:

The revenues could be increased by contracting additional professional staff. Participating in additional networking, further community engagement and fresh marketing efforts are all great ways to increase revenues. The owner currently does not have any formal marketing strategy, but would be happy to share several ideas that worked well in the past.

Competition:

The business has been continuously demonstrating the highest quality in the field. Superb reputation and established name in the community allow the company to depend on their agency referral base.

Reason for selling:

Selling due to family commitments.

Support & Training:

Seller will be sure to provide all the training necessary to ensure smooth transition.

Contact Business Seller

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Business Listed By:

Tanya Popov

Inix Consulting and Brokerage