Listing ID: 76190
Established over two decades ago, this physical therapy practice has built its reputation in the community as a provider of exceptional, 1-on-1 healthcare. This multi-dimensional clinic provides traditional physical therapy, specialized health and wellness, and customized sports performance programs. The trained staff is well-diversified which enables the business to successfully treat a large variety of patients with varying diagnoses, ages, and complexities. The practice is very automated and uses sophisticated software for billing and patient documentation. It treats Medicare, HMO and PPO patients, as well as cash/self-paying clients. The establishment operates within a custom designed facility that is to be purchased with the business. Fully equipped for physical therapy with a spa-like experience, the building offers several treatment rooms and fitness areas, along with an inviting, open-concept, reception area. We believe this company would make an excellent acquisition for a sales and marketing oriented entrepreneur with PT or medical background or for an industry buyer looking to establish or grow a presence in Southern Colorado or expand into a related sector.
- Asking Price: N/A
- Cash Flow: $70,875
- Gross Revenue: $870,320
- EBITDA: N/A
- FF&E: $108,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2001
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:5,400
- Lot Size:N/A
- Total Number of Employees:11
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2001, making the business 21 years old.
The company has 11 employees and is situated in a building with approx. square footage of 5,400 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why people resolve to sell businesses. However, the real reason and the one they tell you may be 2 completely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But also, for some, these may simply be reasons to try to hide the reality of changing demographics, increased competition, current decrease in profits, or an array of other factors. This is why it is really important that you not depend completely on a seller's word, yet instead, use the vendor's answer combined with your total due diligence. This will paint a much more reasonable image of the business's existing 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. Many operating businesses borrow money with the purpose of covering items such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that revenue margins are too small. Numerous companies fall into a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be met or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new consumers? Most times, companies have repeat customers, which create the core of their everyday profits. Particular factors such as brand-new competition sprouting up around the area, roadway construction, and also personnel turnover can impact repeat customers and also adversely influence future revenues. One essential point to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business regularly, the better the possibility to develop a returning consumer base. A final idea is the general location demographics. Is the business located in a largely populated city, or is it located on the outskirts of town? Just how might the neighborhood mean home earnings effect future revenue potential?