Addiction Recovery Institute of America (ARIA)
Presents
Its second Location in Central Florida
Current Location Highlights (950 Evernia Street, WPB), 68 beds in-patient residential treatment and detox
- Providing the complete continuum of care (Detox, Residential, PHP, IOP, OP)
- JHACO (Joint Commission) accredited, FARR Residence accredited, Legit Script accredited
- Experienced C-level businessmen operating
- The only location in downtown West Palm Beach (location, location, location)
- Real Estate is controlled by the parent company (Ethema Health Care)
- Breakeven first year in operation
- Second Year profitability ($893k)
- Current Year profitability is projected to be ($1.5M)
- New Orlando Location 80 beds
- 15 minutes from downtown Orlando (Location, Location, Location)
- Orlando indicates a significant shortage in needed substance abuse beds (1170 beds needed with approx. 400 beds supplied currently) SAMSHA calculates a 45-bed need for every 100k population (Orlando ETJ 2.6M)
- 75% of the needed to build out of space is already in place (minimal build-out costs)
Keys to success
- ARIA has in-network contracts with almost every major insurance payor in the state of Florida.
- (Blue Cross/Blue Shield, Cigna, AETNA, Magellan, Beacon, Ambetter, TriCare, and more)
- Existing operations are normalized and ready to copy to new locations.
- In-house admissions, call center in place, and normalized operations.
- Experienced Staff and Senior Management to execute quickly (Economies of Scale)
- In-house Billing staff and operations are normalized and ready for expansion.
The Deal
- Through a management agreement, the investment group and GM (Lawrence Hawkins) will control 100% of the cash flow, investment, and operations of ARIA Orlando. This agreement will have a buyout clause that allows Ethema (Current Public Parent Company) to buy out of the agreement. This allows the use of all the benefits of the existing ARIA, its staff, resources, and economies of scale.
- At a minimum trigger point sometime between 18 and 36 months, ETHEMA will buy out the agreement at 5X the trailing annualized cash flow.
Investment & Return
- Raising $1.5M ($700K Pre-open, $600k post-open, $200k reserve)
- A minimum of 20% APR for time investment is in place.
- The payout: 20% APR for the time investment in place PLUS 20% of the net profits from the sale.
OR
- 10% of gross revenues until 1.75 of investment is paid (estimated 24 month +/-)
OR
- 50% equity stake, payout upon exit (exit 24-36 months)
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