Business Overview

Over the past 21+ years, the Practice has offered a wide range of physical therapy services to many clients in the greater Kitsap County community. For the past three (3) years, the Practice has averaged gross revenue of ~$1,267,241 (2019-2021) and in 2021, revenues were over $1.4M! The Practice’s success is due in large part to its stellar reputation within the community, loyal followers, and tremendous reputation with referring providers. The Practice has ~15 incredible staff members who continually deliver excellent customer service to its 265 active clients. The Owners are willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period up to 1-2 years. To take advantage of this opportunity, call us at 253.509.9224 or send an email to info@privatepracticetransitions.com, with “1172 Profitable Kitsap County Physical Therapy Practice” in the subject line.

Financial

  • Asking Price: $1,710,000
  • Cash Flow: N/A
  • Gross Revenue: $1,409,320
  • EBITDA: $344,059
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2000

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:2,454
  • Lot Size:N/A
  • Total Number of Employees:15
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

The Owners are willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period up to 1-2 years.

Additional Info

The business was established in 2000, making the business 22 years old.

The business has 15 employees and is situated in a building with estimated square footage of 2,454 sq ft.
The property is leased by the business for $7,919.50 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell companies. Nevertheless, the true factor vs the one they tell you might be 2 totally different things. For instance, they might state "I have too many various responsibilities" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might simply be justifications to attempt to conceal the reality of changing demographics, increased competition, recent reduction in incomes, or an array of various other reasons. This is why it is really vital that you not count totally on a vendor's word, yet instead, utilize the vendor's answer combined with your general due diligence. This will paint a more realistic image of the business's current circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Numerous operating businesses finance loans in order to cover points such as inventory, payroll, accounts payable, etc. Bear in mind that occasionally this can indicate that revenue margins are too thin. Lots of businesses fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in new consumers? Most times, operating businesses have repeat clients, which develop the core of their everyday profits. Certain factors such as brand-new competitors growing up around the location, road building and construction, and employee turnover can influence repeat consumers and adversely impact future incomes. One crucial point to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business regularly, the greater the possibility to develop a returning customer base. A last thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outskirts of town? Just how might the regional median household income effect future income prospects?