INITECH ENTERPRISE INTERNATIONAL LLC | Application Preview
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General Information
Business Registration Number: 87-1633023
Location: La Porte, TX, United States
Length of Operation: Start-up
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
I would use this money to get my business started during an uncertain economy. I can attach a full business plan for review.
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Business Plan
I have a break-even point at 6 kids in my clinic. After much market research, there are over 200 potential kids in the city I am operating in with Autism and in need of a clinic. There are no other competing ABA clinics in Texas City so I have minimal competition. Based on my business models, I should grow year over year. This will be a women-owned business serving an underserved market of children with autism. Currently, the ABA market is growing at twice the rate of other multi-site healthcare businesses. In 2017, the ABA market in the U.S. was valued at $1.8 billion and was forecasted to grow to $2.23 billion by 2022. In addition, the ever-increasing number of children diagnosed with Autism and the endorsement of professional medical organizations ensure high demand for our service. Both federally/state-sponsored health plans and private health insurance carriers reimburse for ABA services. In addition, most states have laws that mandate publicly funded health plans to cover ABA as an Autism treatment. In 2014, the APBA reported that private health insurance paid for 42% of all ABA services, followed by TRICARE at 21%, and public health plans (Medicaid and Medicare) at 22.5%. The Individuals with Disabilities Education Act (IDEA) is a federal law that mandates each state to provide eligible children with early intervention and special education services. This allows for federal funding to be utilized by schools to provide free and appropriate education to students aged 3 through 21 years old or until graduation or a GED is obtained. Many school districts contract ABA providers to offer services within public school classrooms.
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Self Identified Competition
The number of ABA providers in the U.S. is growing but has not nearly met the increasing demand for this service, creating a shortage of providers in the market. Most ABA providers report waiting lists, especially those in rural areas. Currently, only 36 percent of Americans have access to ABA. Locally, there are 0 ABA providers within the proposed territory. Each of these office spaces can accommodate an average of 25 children. According to census and school district reporting, there are 375 children within 10 miles of the proposed office space. Success On The Spectrum provides ABA therapy, Speech Therapy, Occupational Therapy, and Social Skills Group Classes. SOS is distinguished from competitors by offering a Parent Viewing Room within each center, Field Trips, Community Social Events, and Parent Workshops. SOS also holds the rare and distinctive accreditation by the Behavior Health Center of Excellence (a badge of high-quality assurance). Most clients will be enrolled full-time and attend the center 40 hours per week (Monday-Friday 8:00 am-4:00 pm). The minority of clients receive part-time services in their home (Monday-Thursday 4:30 pm-6:30 pm). Clients remain in the program for an average of 3-5 years.
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Contact Applicant
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