Listing ID: 76526
Business Overview
An established physical therapy practice is for sale in North Metro Denver. The practice has been in operation for nearly 40 years! The current owner is a licensed therapist and participates in the business on a part-time basis. The business is supported by 5 full-time, and 3 part-time employees. The business has a diverse income stream that is supported by insurance, private-pay, and industrial customers. The incoming owner will need to be a licensed physical therapist. Call for more details.
Asking Price: $355,000
Training & Transition: 60 days included in sales price
Reason for Sale: Retirement
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Financial
- Asking Price: $355,000
- Cash Flow: $149,333
- Gross Revenue: $691,155
- EBITDA: N/A
- FF&E: $151,004
- Inventory: N/A
- Inventory Included: N/A
- Established: 1984
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:8
- Furniture, Fixtures and Equipment:N/A
Office building with 5,500 sqft.
Yes, 8 weeks.
Retirement.
Additional Info
The company was established in 1984, making the business 38 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell businesses. Nevertheless, the true reason and the one they tell you may be 2 absolutely different things. As an example, they may claim "I have way too many other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of various other reasons. This is why it is very essential that you not depend completely on a vendor's word, however rather, use the vendor's answer in conjunction with your total due diligence. This will repaint an extra realistic image of the business's current scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many companies borrow money so as to cover things such as stock, payroll, accounts payable, etc. Remember that occasionally this can suggest that earnings margins are too thin. Lots of organisations fall into a revolving door of taking on debt as a way to pay back various other loans. Along with 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 contracts with suppliers that must be met or may cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new customers? Most times, operating businesses have repeat consumers, which develop the core of their everyday earnings. Certain variables such as new competition growing up around the location, road building, and employee turnover can affect repeat consumers as well as adversely impact future earnings. One essential thing to consider is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the highway? Clearly, the more people that see the business on a regular basis, the better the possibility to develop a returning customer base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outskirts of town? Exactly how might the regional median house income influence future revenue potential?
