Company Overview

PRIME exits and American Healthcare Capital are pleased to exclusively present a highly scalable, multiple-location counseling and behavioral health company for sale in the Southwest. The company provides mental health counseling services to individuals, couples, groups, and families and specializes in trauma, anxiety, depression, ADHD, grief, and more. Treatment is conducted both on-site and remotely, and the majority of revenues are currently from cash-pay patients.

Financial Overview

The company has seen considerable growth over the last few years as they’ve added therapists and locations. In 2021, revenues were $1.3 million with an adjusted EBITDA of $394,000. Revenues increased to $1.69 million in 2022 and adjusted EBITDA was slightly lower at $335,000 due largely to the increased costs associated with the opening of a second location. In 2023, revenues continued to rise to $1.85 million but adjusted EBITDA dropped to $265,100 as the company further invested in the growth of the business by opening a third location and hiring staff to cover all three offices. For 2024, the company conservatively anticipates revenue to be $2.2 million with adjusted EBITDA rising to $400,000 as current providers grow their client rosters, new providers join and utilize the open offices, and insurance carriers are onboarded.

Staff Overview

The owner is looking to transition out in order to pursue other projects and initiatives. Existing management is very committed to the success of the company and would certainly stay on post-sale.

Asking Price

Given the anticipated growth of the company’s revenues to $2.2 million via existing and new providers without increasing fixed costs, the asking price for this opportunity is $1.8 million.