Business Overview

A Speech Therapy practice offering speech therapy and individualized treatment for a wide range of communication delays and disorders for children and young adults. For 16+ years, the practice has built a reputation for providing the highest quality service and applying current best practices to identify, diagnose and treat clients through both individual therapy sessions and peer social skills groups. The practice primarily serves clients from Orange County, however, some clients come from as far as Los Angeles, the Inland Empire and Riverside counties.

The practice is well-known throughout the area and enjoys an excellent reputation online and in the Orange County medical community, therefore they are heavily referred by public and private schools, physicians, dentists, psychologists, pediatricians, neurologists and ABA therapists and other autism specialists.

The owner is retiring and preparing to relocate overseas, so it’s time to pass her practice on to an energetic, qualified successor. If you are an SLP looking to own your practice, the practice offers great upside for an owner operator. You’ll step into an already profitable practice (with a waiting list), and you can reduce costs and operate efficiently. Then, hire additional SLPs or SLPAs, maximize your therapy rooms, and expand! Streamline the EMR system for higher efficiency, reduce therapy sessions from 1 hour to 30 minutes, improve the cancellation policy, and implement additional quick changes to boost the bottom line!

If you’re a larger practice looking to add speech-language therapy to your team, this is a great, well-established opportunity with excellent contract rates. Either way, this is a rare opportunity; contact the Agent today!

Financial

  • Asking Price: $299,000
  • Cash Flow: $88,138
  • Gross Revenue: $685,996
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2006

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:3,064
  • Lot Size:N/A
  • Total Number of Employees:11
  • Furniture, Fixtures and Equipment:N/A
Purpose For Selling:

Retiring overseas

Additional Info

The company was started in 2006, making the business 16 years old.

The company has 11 employees and is located in a building with approx. square footage of 3,064 sq ft.
The property is leased by the company for $6,208 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons people decide to sell companies. However, the genuine reason and the one they say to you may be 2 entirely different things. As an example, they may say "I have way too many other obligations" or "I am retiring". For lots of sellers, these factors stand. But also, for some, these might simply be reasons to attempt to conceal the reality of altering demographics, increased competition, recent decrease in incomes, or an array of other reasons. This is why it is extremely vital that you not depend entirely on a vendor's word, yet rather, use the seller's response along with your overall due diligence. This will paint an extra practical picture of the business's existing circumstance.

Existing Debts and Future Obligations

If the current business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses take out loans so as to cover things like supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can imply that revenue margins are too thin. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with suppliers that must be fulfilled or may result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the location bring in brand-new consumers? Often times, businesses have repeat consumers, which create the core of their daily earnings. Specific factors such as brand-new competitors sprouting up around the area, road building, and employee turnover can influence repeat consumers and adversely impact future profits. One important thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Certainly, the more people that see the business regularly, the greater the opportunity to build a returning customer base. A final idea is the general location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? How might the neighborhood median home earnings influence future earnings potential?