Listing ID: 69926
Business Overview
Are you a practicing physical therapist looking to start your own business or expand your existing business to an additional location? If so, this may be the perfect opportunity for you!
This physical therapy, occupational therapy, and speech therapy clinic is well-known and respected in the community. The therapists and the owner of this clinic are dedicated to quality patient care, which drives high referral rates from local physicians and from current and former patients. This clinic is spacious, well-maintained, and fully equipped to care for a full spectrum of patient needs. The clinic has a large therapy room with several separate, smaller rooms for privacy during treatments and therapy.
Financial
- Asking Price: $80,000
- Cash Flow: $42,258
- Gross Revenue: $215,271
- EBITDA: N/A
- FF&E: $80,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
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:2
- Furniture, Fixtures and Equipment:N/A
The practice is located in a 3,300 square foot facility in a small building with two other tenants. The facility has a large parking lot and easy access to main roads in the area. Within the practice, there is a large therapy room with a majority of the physical therapy equipment. Off of this large room, there are three smaller therapy rooms with tables for a more private patient experience.
Will train for 4 weeks @ $0 cost. An active physical therapist license is required to operate this business. The owner is moving out of the state and is selling her license number as part of this transaction.
The owner is moving out of state.
Competition in the physical, occupational, and speech therapy industry is high nationwide. Differentiating factors that set providers apart from the competition include quality of care, cost, treatment outcomes, convenience of location, and payer sources. The owner of this practice has focused on all of these qualities since opening the business in 2009. Remaining independent and not affiliating with local hospitals or national physical therapy chains has given her the autonomy to make these factors a priority.
A potential method to grow the business is expanding the number of days per week that each physical therapist in the practice sees patients. Currently, one therapist sees patients 3 days per week and the other therapist sees patients 2 days per week. The owner, while a licensed therapist, does not currently see patients. By increasing the number of days each therapist sees patients or the number of practicing therapists, the new owner could organically the business.
Additional Info
The business was started in 2009, making the business 13 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell operating businesses. Nonetheless, the genuine reason vs the one they say to you may be 2 completely different things. As an example, they might claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of transforming demographics, increased competition, current reduction in profits, or a range of other reasons. This is why it is very important that you not depend completely on a seller's word, yet instead, use the seller's solution together with your total due diligence. This will repaint a much more realistic picture of the business's current situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many operating businesses borrow money with the purpose of covering items like inventory, payroll, accounts payable, so on and so forth. Bear in mind that sometimes this can suggest that earnings margins are too tight. Numerous organisations come under a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may likewise be future commitments to take into consideration. There may be an outstanding lease on tools or the building where the business resides. The business may have existing agreements with vendors that have to be met or might cause charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the area draw in brand-new consumers? Often times, operating businesses have repeat clients, which create the core of their day-to-day earnings. Specific factors such as new competitors sprouting up around the location, roadway construction, as well as personnel turn over can affect repeat consumers as well as adversely affect future revenues. One crucial thing to think about is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business often, the greater the possibility to develop a returning consumer base. A last idea is the general area demographics. Is the business situated in a densely populated city, or is it situated on the outskirts of town? How might the neighborhood typical home income influence future revenue potential?
