Accredited by CARF and licensed by CT Department of Health to provide day and evening treatment for mental health and substance abuse and intensive outpatient services for mental health and substance abuse which includes individual psychotherapy and medication management services. This facility also provides a value added service of life coaching and furnished apartments to patients in its Extended Treatment Program (ETP) and as an option to patients in its day and evening day treatment programs. The ETP program has a capacity of 50. The facility has been approved to open a 6 bed residential therapy program in 2014. This will then allow an expansion of ETP capacity to about 55 to 60. Fully staffed (~35) and operated on an absentee basis by current owners.
Annual Revenue:
2015 = $ 4,195,385
2014 = $ 3,900,676
2013 = $ 3,289,077
2012 = $ 1,150,293

This facility has received approval of its CON (certificate of need) application for a 6 bed residential therapy program. Upon opening the program at a CAPX cost of about $200,000 revenue is projected to approach $8 million with a net income of about $900,000. The facility has been selected and is approved for the expansion.Financing:The owner is willing to carry a partial sellers note for a qualified buyer amount TBD. Support & Training: Owner will provide a smooth transition. First 30 days included in the sale. Additional is negotiable. Willing to stay for an extended period to assist in running business.

Posted Oct 3, 2016

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