I am writing to introduce you to Roger Williams Academy, a leading provider of Applied Behavior Analysis (ABA) therapy for individuals with autism. We are seeking an investment of $500,000-$1,000,000 to support our working capital needs and facilitate our expansion plans. With your support, we aim to make a significant impact on the lives of individuals with autism and their families while achieving substantial growth for our company.
Roger Williams Academy LLC was established with the mission of delivering high-quality ABA therapy services to individuals in the comfort of their own homes. Our comprehensive approach focuses on behavior modification, social skills development, and functional communication to help our clients achieve their fullest potential. By providing 30-40 hours of therapy per week, we ensure consistent and impactful support for each client.
Currently, we are serving 10 active clients, generating approximately $80,000-$100,000 in revenue per month. However, our success has resulted in a growing waitlist of over 10 clients who are eager to receive our services. These additional clients have the potential to generate an estimated $121,000 per month, resulting in a total revenue of $221,000 per month (before the end of the summer).
To meet the increasing demand and expand our services, we require the necessary resources. The funding we seek will primarily be allocated for the following purposes:
- Accepting waitlist clients: We aim to onboard the clients on our waitlist promptly, providing them with the support they desperately need. This expansion will significantly increase our revenue potential and impact on the autism community.
- Hiring additional staff: To accommodate the growth in our client base, we intend to hire experienced and dedicated ABA therapists and support personnel. By expanding our team, we can ensure that each client receives the highest standard of care and attention.
- Cash flow management: The investment will allow us to maintain a healthy cash flow and provide us with at least a 6-month runway. This financial stability is crucial for the sustainability and continued growth of our operations.
- Opening our first clinic space: In September, we plan to establish our first clinic space to further enhance our service offerings. This physical location will provide a centralized hub for therapy sessions, training programs, and community events. It will also serve as a testament to our commitment to excellence and growth within the field of ABA therapy.
It is worth noting that all of our current revenue, including the projected revenue from the waitlist, has been generated through word-of-mouth referrals and a modest $300 investment in social media advertisements. This demonstrates the demand for our services and the potential for exponential growth with the infusion of the requested capital. With your investment, we anticipate reaching a revenue of close to $1,000,000 per month by the end of Q4.
We have conservatively estimated our waitlist figures based on a standard insurance reimbursement rate of $12 per unit (15 minutes) or $48 per hour for direct care. However, it is important to highlight that certain insurance companies reimburse at rates as high as $125 per hour. This implies that each client can potentially generate anywhere from $12,000 to $26,000 per month, depending on the insurance carrier. This flexibility in reimbursement rates greatly increases our revenue potential.
As an investor, your involvement with Roger Williams Academy extends beyond financial support. By joining forces, we will create a lasting impact on the lives of individuals with autism and contribute to a more inclusive and supportive society.
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