Substance Abuse Service Center

Business Summary

Highly successful Substance Abuse Service center which offers private drug and alcoholic intervention assistance to the general public. This long standing center has contract relationships with the County Parole, Family Courts, DYFUS, Drug Courts, Religious organizations and various county and state agencies who refer individuals who require this particular service. The business accepts Medicaid, has had years of experience and has developed an excellent reputation in the industry and throughout the state of New Jersey. The business is located in Northern New Jersey on an active commercial avenue conveniently located to the clients it services. Based on the asking price, required down payment and net income this business should supply a 30% return to the owner operator prior to debt service. The Company has existed for fifteen years as a private outpatient intervention center.The sale includes in addition to the various contracts, licenses and relationships, furniture, software, computer systems and various equipment required for this particular service industry. The building has a legal capacity for 45 clients, 2,000 square feet, consisting of two floors with a waiting area, various offices and a full basement. This retail business has six employees who are unaware of the pending sale and expected to remain post closing; monthly payroll is approximately $11,000. This business location has private & municipal parking on the site and part of the lease. The center is operational five days weekly with hours from 9:00 am to 9:00 pm. This particular industry requires specific licenses from state and municipal agencies in order to conduct its day to day operation. The sale will include a new commercial ten year lease with a monthly rent of $2,950 and a security payment of $5,000. Option available to purchase the real estate.

Financials


Asking Price Range:  $250K – $500K

Gross Revenues:  

$357,000

Cash Flow:  

$110,000

Cash Flow Type:  EBITDA

Inventory:  125000 Equipment & 1500 Inventory

Seller Financing:  Yes

About The Business


Year Established:  1990

Number of Employees:  6 – 9

Relocatable:  No

Franchise:  No

Current Real Estate:  Leased

Property:  Property For Lease

About The Sale


Management Training and Support:  The seller will remain after post and supply a satisfactory transitional period.
Reason For Selling:  Retiring after many years of success in this industry.

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Print Listing Id: 700235646
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Posted by: philco on