Established in 2019, this outpatient mental health practice has demonstrated consistent growth, operational maturity, and successful leadership transition. The practice experienced steady year-over-year revenue increases through 2022 and has sustained approximately $750,000 in annual revenue following the founder’s step back from daily involvement. Today, the owner operates fully out of state, with all day-to-day clinical and administrative functions managed by an experienced Clinical Director, resulting in low owner dependency and durable cash flow.

The practice generates approximately $200,000 in annual owner cash flow and operates with strong margins supported by disciplined cost management and an efficient staffing model. The business utilizes a structured teaching and supervision framework, recruiting provisionally licensed clinicians and providing formal training and oversight. This model supports clinician supply, maintains quality of care, and allows the practice to remain competitive in a post-COVID environment where many clinicians choose independent practice.

The practice is located within a hospital-affiliated medical building in Chicago’s affluent Lincoln Park lakefront neighborhood. It benefits from embedded institutional relationships, including consistent physician referrals from the hospital community and contracted wellness programming provided to medical residents. Two offices within the suite are subleased to a complementary psychiatry practice, creating overhead offset and an ongoing referral relationship that reinforces an integrated care environment.

Facilities include a professionally maintained office suite with multiple furnished therapy offices, reception and waiting area, and administrative workspace. The space supports both in-person and telehealth services. Furniture, fixtures, and equipment consist primarily of standard clinical office furniture, IT infrastructure, and telecommunications systems, all included in the sale. There is no material inventory.

The practice serves a stable and diverse patient population in a high-demand urban market and is well positioned relative to independent solo practices due to its hospital proximity, referral infrastructure, and operational scale. Competition in the market exists, but the practice’s institutional anchoring, psychiatry alignment, and clinician pipeline provide meaningful differentiation.

Growth opportunities include expanding clinical capacity within the existing footprint, increasing utilization of established referral channels, and further developing hospital-based programming and wellness services. The director-led structure and existing systems allow for incremental growth without significant increases in fixed overhead.

The sale is driven by the owner’s relocation out of state and desire to transition the practice to a buyer positioned to oversee its next phase of growth. The business is stable, well-established, and operating independently of the owner, making this a planned and orderly transition rather than a distressed sale. This opportunity is well suited for a strategic buyer, healthcare platform, or investor seeking a director-run mental health practice with institutional relationships, resilient cash flow, and scalable infrastructure.