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Mental Health Service for sale in Sarasota

Contact Information Inquire Here General Location: Sarasota ID#: 800200009
Financial Information Asking Price: $150,000 Gross Annual Revenue: $234,896 Adjusted Annual Earnings: $66,250
Additional Information General Category: Services Specific Buisness Type: Mental Health Service Facility: Office base Summary Profile:
The buyer does not need to be licensed to purchase (see below).

Mental health practice where owner manages, in lieu of caring for patients, meaning this could tuck into a wide array of existing businesses to add additional clients, cross-sell opportunities, or perfect for standalone purchase.

Why this business?

The owners have created a system that has worked so well, that they have taken the opportunity to create a licensing opportunity with great support provided from current owners. The buyer will license intellectual property from the seller that includes very well documented processes and procedures unlike most businesses in this range.

You can purchase the business as a stand-alone, or the sellers are offering the opportunity to jump in with additional support under their licensing agreement, as there are many advantages of such.

What does the business do?

The business contracts with licensed mental health providers of which all are on a 1099 basis. You will fill their schedules in their particular physical area and you will handle all billing, and will split the fees for their services. The mental health providers provide their service typically at the client’s location, many times which is in an assisted living facility, nursing homes, long-term care facilities, and many more referral sources. This business does not have a physical location and a physical office is optional for the buyer.

This is all paid and billed through Medicare and other commercial healthcare insurances.
The minimal financial risk to the business as providers are not paid until insurance reimbursement is paid, which is typically within 2 weeks+/-.

Buyer’s duties should simply be cold calling, setting appointments, and set up presentations to ALFs, Nursing homes, etc…to sell the services. Buyers will also spend time recruiting healthcare providers.

Growth is easily achievable. Simple and strategic marketing is set up to recruit additional providers, and under this model, you can expand the business as far as you would like to.
Other easy avenues are to incorporate more telehealth as a result of COVID restrictions on telehealth have been removed and reimbursement is now the same as in person. The business could easily grow with any type of marketing, networking, joining associations…If the buyer is/has a nurse practitioner, there is also the opportunity to be able to prescribe psych medications as well, which brings in larger revenue.
Sellers will show you an easy path to get to 1k patients; at that level, a buyer can expect a net income of over $800k.

The business’s main footprint is in the Sarasota/Bradenton/St Pete market, but due to the way it is set up this can easily be expanded to additional territories.

Numbers are pre-COVID. Many clients are ALFs, Nursing Homes, Long-term care residents…that restricted visitation.

Contact Tom Jones for further details 754-224-3111

Refer to 8002-00009 when inquiring