$475,000

Multi office Nutrition Counseling Services in S. CA

California/Los Angeles
Financials
  • Price: $475,000
  • Gross Income: $1,237,000
  • Cash Flow: $126,000
  • FFE: $0
  • Inventory: $0
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #nutrLA
  • Year Established: 2018
  • Financing:
  • Training:
  • Facilities:
  • Competition:
  • Growth: Excellent
  • Employees:

Property Descriptions

The Company is a California state registered outpatient nutritional therapy company specializing in behavioral health nutrition (eating disorders, substance use, depression/anxiety, and developmental disabilities) with the ability to see clients in person as well as virtually. Its dietitians also treat the full spectrum of nutrition-related diagnoses, such as diabetes, cardiovascular illness, bariatric surgery candidates, and gastrointestinal disorders. The Business was started in 2018 with a mission to provide access to affordable care in the field of eating disorders, or behavioral health nutrition more broadly. This was addressed by offering services that have attracted multiple insurers to contract directly with the Business as an outpatient provider of eating disorder dietitian services - a service that most insurers lack within their network of providers. These insurers span both commercial PPO plans, as well as managed care groups. The Business has 25 employees and five offices located in Los Angeles County. It is the only behavioral health-specialized dietitian practice in Southern California that provides services to clients with Medi-Cal insurance and managed care plans and was the first practice to provide services covered by commercial PPO plans. The Business has an extensive network of referral partners in the behavioral health provider community, including hospitals, treatment centers, therapy practices, and primary care practices. Those partners rely on its services as the main affordable option for care for their clients. Besides the Owner, the office is staffed with a Clinical Manager, an Administrator, an Intake Manager, and a number of Clinicians and Admin Assistants. The seller is selling for personal reasons but will assist during a transitional period. The caregivers and staff, all of whom are W2 employees, are available to work with a new owner. Consumer interest in the Alternative Healthcare Providers industry is growing, alongside rising per capita disposable income and an increasingly health-conscious population. Demand for alternative care hinges on the perceived benefits and efficacy of certain medical practices, as patients are less likely to cut spending on healthcare than they are to reduce spending on discretionary goods. Moreover, as the number of people with disabilities grows, more insurance companies and employers are recognizing the benefit of covering alternative healthcare. Over the five years to 2022, revenue is expected to rise at an annualized rate of 3.2% to $30.1 billion. Increasing acceptance of complementary and alternative medicine (CAM) therapies drove industry revenue growth. According to the Mayo Clinic, nearly 30.0% of adults report using CAM therapies. Additionally, following a decline in 2020, IBISWorld forecasts that revenue will rise 5.0% and 0.5% in 2021 and 2022, respectively, as the industry recovers and adjusts to restrictions brought on by the COVID-19 (coronavirus) pandemic. Demand for alternative healthcare is expected to continue over the five years to 2027 as a result of increasingly favorable attitudes toward industry services and favorable demographic trends. In particular, the aging population, along with the mounting incidence of disability that accompanies old age, is expected to bolster demand for industry services. Additionally, growing acceptance and expanding coverage of industry services will drive industry growth. Over the five years to 2027, industry revenue is projected to rise an annualized 1.7% to $32.8 billion. With profit expected to remain steadily high, the highly fragmented industry landscape is also expected to expand. Over the next five years, the number of industry enterprises is expected to increase at an annualized rate of 2.7% to 313,621 companies, nearly 90.0% of which will be non- employers.

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Business Listed By

Vasilis Georgiou 7700 Irvine Center Drive, Suite 800, California, Irvine
  • E-mail : georgiouv@crossroadsbusiness.com
  • Web : https://crossroadsbusiness.com
  • Phone : 949-753-2825
  • Company : CrossRoads Business Brokers Inc.
  • Listings : 30