Business Overview

Established in 2006, this Practice has offered a wide range of occupational therapy services to many pediatric clients in King County and surrounding areas. Pediatric Occupational Therapy services make up 100% of the Practice’s revenue. The Practice owes its success to its loyal followers, stellar reputation, and tremendous reputation with its referring providers. As of February 2022, the Practice has ten (10) dedicated staff members, including the Owner, serving its ~337 active clients. For the past three (3) years, the Practice has averaged impressive gross revenues of ~$1,208,389 (2019-2021). The Practice is completely ‘turn-key’ and ready for new ownership. If you are an experienced occupational therapist or an existing therapy firm looking to expand your client base, this is the Practice for you. Call us at 253.509.9224 or, send an email to info@privatepracticetransitions.com, with “1193 Reputable King County Pediatric OT Practice w/ 2 Locations” in the subject line.

Financial

  • Asking Price: $1,000,000
  • Cash Flow: N/A
  • Gross Revenue: $1,267,540
  • EBITDA: $248,398
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,381
  • Lot Size:N/A
  • Total Number of Employees:10
  • 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 of up to 2-3 months part-time if desired.

Additional Info

The venture was founded in 2006, making the business 16 years old.

The business has 10 employees and resides in a building with estimated square footage of 3,381 sq ft.
The real estate is leased by the business for $6,537.15 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people choose to sell companies. Nevertheless, the genuine reason and the one they say to you might be 2 absolutely different things. For instance, they might say "I have way too many various responsibilities" or "I am retiring". For many sellers, these factors stand. But, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competition, current decrease in revenues, or a variety of other reasons. This is why it is really crucial that you not depend entirely on a vendor's word, however rather, use the seller's response in conjunction with your overall due diligence. This will repaint a more reasonable picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your deal. Numerous businesses borrow money in order to cover things like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that profit margins are too small. Many companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that have to be fulfilled or may result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in new clients? Most times, businesses have repeat clients, which create the core of their day-to-day revenues. Specific variables such as brand-new competitors growing up around the location, road construction, as well as employee turn over can impact repeat consumers and adversely impact future incomes. One crucial thing to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business often, the better the opportunity to develop a returning client base. A final thought is the basic location demographics. Is the business placed in a densely inhabited city, or is it situated on the edge of town? How might the neighborhood median household income impact future revenue potential?