Listing ID: 69938
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 single practitioner physical therapy and hand clinic is located in Central Kentucky and is the only one of its kind in the area. The owner has over 20 years of experience in the industry and is licensed in both physical therapy and hand therapy. The clinic offers a knowledgeable staff and provides the latest in evidence-based physical therapy practice to patients throughout the area.
- Asking Price: $75,000
- Cash Flow: $41,506
- Gross Revenue: $251,224
- EBITDA: N/A
- FF&E: $4,761
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:1
- Furniture, Fixtures and Equipment:N/A
This business is located in a visible strip center along a highly trafficked road. The space is equipped with all necessary equipment and fixtures to provide quality care to patients. Upon entering the facility, there is a small waiting room and front desk area, which opens up into the large clinic. This room is where all physical therapy appointments are held. An additional small room is available in the back of the clinic.
The owner is retiring.
There are larger national and regional physical therapy chains in the area, as well as some local competition. However, this business is the only specialized hand clinic in the area and surrounding cities. Additionally, it is one of few local physical therapy clinics in the area that takes insurance.
Currently, the business operates only 3 days per week with the owner as the sole practicing physical therapist. She is able to see 2 patients per hour.
The business was founded in 2008, making the business 14 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. Nonetheless, the real reason and the one they say to you might be 2 completely different things. As an example, they may claim "I have too many other responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in incomes, or a range of various other reasons. This is why it is really vital that you not count absolutely on a vendor's word, yet instead, utilize the seller's answer along with your total due diligence. This will paint a more reasonable image of the business's current circumstance.
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. Lots of companies finance loans in order to cover points such as inventory, payroll, accounts payable, and so on. Bear in mind that sometimes this can indicate that earnings margins are too small. Many businesses fall under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future commitments to consider. There might be an outstanding lease on tools or the building where the business resides. The business might have existing agreements with vendors that must be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do companies in the location bring in brand-new consumers? Many times, companies have repeat clients, which form the core of their daily profits. Specific aspects such as brand-new competitors growing up around the area, roadway construction, and employee turnover can impact repeat customers as well as negatively impact future incomes. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Undoubtedly, the more individuals that see the business on a regular basis, the greater the possibility to develop a returning customer base. A final thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? How might the regional mean home earnings effect future revenue potential?