Business Overview

For the last 20+ years, this physical therapy practice has offered a wide range of therapy services to many clients within the community. The Practice’s service by revenue breakdown is 79.7% Orthopedic and 20.3% Pelvic Floor. The Practice’s success can be attributed to the superb level of care provided to each patient, the caring and knowledgeable staff, its stellar reputation, and many word-of-mouth referrals. In 2021, the Practice brought in gross receipts of $425,367. There are approximately 205 active clients as of November 2021, and approximately 3,697 clients in the Practice’s database. Currently, the Practice employs five (5) staff members, including the Owner, who is willing to provide transition assistance and help with goodwill transfer, business development, and other “mentoring” functions for an agreed-upon period up to six (6) months, if desired. The Owner is open to selling or leasing the office space at fair market value to the person who purchases the Practice. To take the next step towards this exciting business opportunity, call us at 253.509.9224 or, send an email to info@privatepracticetransitions.com, with “1186 Olympia Physical Therapy Practice and Office Space for Sale” in the subject line.

Financial

  • Asking Price: $125,000
  • Cash Flow: N/A
  • Gross Revenue: $472,885
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2001

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:5
  • 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 six months.

Additional Info

The business was established in 2001, making the business 21 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell operating businesses. Nevertheless, the genuine reason and the one they tell you might be 2 completely different things. As an example, they might state "I have a lot of various obligations" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competition, recent decrease in incomes, or a variety of various other reasons. This is why it is extremely crucial that you not rely completely on a vendor's word, but rather, utilize the vendor's answer in conjunction with your general due diligence. This will paint a more realistic picture of the business's current situation.

Existing Debts and Future Obligations

If the current business is in debt, which many companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering items like stock, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that revenue margins are too thin. Many companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that need to be satisfied or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the location draw in new consumers? Many times, operating businesses have repeat customers, which create the core of their everyday revenues. Certain factors such as new competition growing up around the location, road building and construction, as well as personnel turn over can affect repeat clients and adversely impact future profits. One important point to think about is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the higher the chance to develop a returning consumer base. A final idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it situated on the outside border of town? Just how might the neighborhood typical home income impact future revenue potential?