Business Overview

This thriving Pierce County practice has offered speech and occupational therapy services to countless clients in the community. The Practice’s service by revenue breakdown is 50% Speech Therapy and 50% Occupational Therapy. The Practice’s success is due in large part to its stellar reputation within the community, its loyal followers, and its highly trained staff. On average, the Practice brings in approximately $2.5M in gross revenue each year. The Practice provides services to ~475 patients within the community, ranging between speech and occupational therapy, with some patients overlapping both services. With a wide service offering, merging multiple disciplines in one convenient location, this Practice provides much-needed services to the Pierce County community and beyond. To learn more about this exciting business opportunity, call us at 253.509.9224 or, send an email to info@privatepracticetransitions.com, with “1187 Thriving Pierce County Speech and Occupational Therapy Practice” in the subject line.

Financial

  • Asking Price: $2,750,000
  • Cash Flow: N/A
  • Gross Revenue: $2,763,934
  • EBITDA: $593,989
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:8,335
  • Lot Size:N/A
  • Total Number of Employees:26
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

The Owner is willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period up to 2-3 months part-time.

Additional Info

The company has 26 employees and is located in a building with approx. square footage of 8,335 sq ft.
The real estate is leased by the company for $13,750 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell businesses. Nonetheless, the true reason and the one they say to you may be 2 entirely different things. For instance, they might state "I have too many other commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competition, recent reduction in profits, or an array of other factors. This is why it is extremely crucial that you not depend absolutely on a vendor's word, but rather, make use of the seller's solution together with your general due diligence. This will paint a much more sensible image of the business's present scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many businesses take out loans so as to cover points such as supplies, payroll, accounts payable, and so on. Bear in mind that occasionally this can suggest that revenue margins are too tight. Many companies fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with vendors that must be fulfilled or may cause fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location draw in new customers? Often times, businesses have repeat customers, which develop the core of their everyday earnings. Certain variables such as new competition growing up around the area, road construction, and staff turn over can affect repeat customers and negatively affect future incomes. One important thing to consider is the placement of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the main road? Obviously, the more people that see the business often, the higher the chance to develop a returning client base. A final thought is the basic area demographics. Is the business located in a largely populated city, or is it situated on the outside border of town? How might the local median home income effect future revenue prospects?