We are a teletherapy company - www.StartTalking.io
Business Description
My company is Start Talking- www.StartTalking.io. We offer behavioral health therapy services to Employee Assistance Programs (EAP) clients for their employees using teletherapy.
With over 300 therapists located in 45 different states. Start Talking is currently generating a $1.3 million ARR. Doing 1,300 therapy sessions per month with 22 EAP and healthcare insurance contracts.
Notable Company Achievements to Date:
- Selected as 2022 “Top 50 Companies to Watch in Colorado”!
- One of Eighteen companies accepted into JumpStart Foundry 2022 Spring Cohort. Received $150,000 SAFE Note investment from JumpStart Foundry.
- Contracted to provide “Dedicated On-Site Mental Health Counseling” to Charles Schwab World HQ – 5,000 employees for Dallas location.
- Contracted to provide “Dedicated On-Site Mental Health Counseling” to an international law firm- Covington Law Firm. Located in San Francisco.
With over 300 therapists located in 45 different states. Start Talking is currently generating a $1.3 million ARR. Doing 1,300 therapy sessions per month with 22 EAP and healthcare insurance contracts.
Notable Company Achievements to Date:
- Selected as 2022 “Top 50 Companies to Watch in Colorado”!
- One of Eighteen companies accepted into JumpStart Foundry 2022 Spring Cohort. Received $150,000 SAFE Note investment from JumpStart Foundry.
- Contracted to provide “Dedicated On-Site Mental Health Counseling” to Charles Schwab World HQ – 5,000 employees for Dallas location.
- Contracted to provide “Dedicated On-Site Mental Health Counseling” to an international law firm- Covington Law Firm. Located in San Francisco.
About the Business
- Years in Operation
- 8
- Employees
- 306 (6 Full-time, 300 Contractors)
- Currently Relocatable
- Yes
- Facilities & Assets
- My company is Start Talking- www.StartTalking.io. We offer behavioral health therapy services to Employee Assistance Programs (EAP) clients for their employees using teletherapy.
With over 300 therapists located in 43 different states. Start Talking is currently generating a $1.3 million ARR. Doing 1,300 therapy sessions per month with 22 EAP and healthcare insurance contracts. - Website
- https://www.StartTalking.io
- Market Outlook / Competition
- Start Talking is a B2B solution not a direct-to-consumer model like most of our competitors. Therefore, we have better traction and not a "one and done" like our direct-to-consumer competitors. Also Start Talking pays our therapists more per session than our competitors. Our smallest contract has 2.5 million lives under contract, and our largest contract has 100 million lives under contract. There for our revenue model is more consistent that a direct-to-consumer model. Currently we are doing consistently 1,300 therapy sessions a month.
- Opportunities for Growth
- Currently Start Talking has 300 therapists located in 45 different states. By the end of 2025 will have 450 therapists in all 50 states.
Currently we have 25 EAP and Insurance Contracts. Then at the end of 2025 we will have 35 contracts with multiple healthcare insurance contracts in place. This will add an additional $900,000 in revenue.
About the Sale
- Seller Motivation
- Wanting to retire and reap the benefits of all my hard work.
- Transition Support
- Will be glad to stay on for a transition of the business to the new owner for a period of 6 months to 18 months.
- Financing Options
- 100% purchase or a two-stage acquisition.
Listing Info
- ID
- 2413525
- Listing Views
Listing ID: 2413525 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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