Business Overview

This physical therapy business is a successful, profitable healthcare business focused on convenient, personalized, one-to-one therapy, including the area’s most advanced aquatic therapy program. The business was started in 2005 and has grown to offer multi-therapy services with average sales revenue of approximately ($567,000) five hundred and sixty seven thousand dollars a year and an average annual net income of approximately ($238,000) two hundred and thirty eight thousand dollars. The business is located in metro east Illinois with a great commercial location offering aquatic, orthopedic, and post-surgical therapies. The facility houses two Swim-Ex resistive current pools and one static pool with an aquatic lift chair. The owners are willing to support the buyer in transition, and are open to discussing ongoing support. Real estate and FF&E are included in the price.

Financial

  • Asking Price: $2,500,000
  • Cash Flow: $238,000
  • Gross Revenue: $567,000
  • EBITDA: N/A
  • FF&E: $300,000
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2005

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:7,000
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The facility is located on approximately 1 acre in a commercial business district. The real estate is owned by the sellers. An asphalt paved parking lot provides ample parking with a porte-cochere for covered entry. The building is approximately 7,000 square feet and contains a vestibule, handicapped accessible restrooms, a waiting room, large clerical area, seven exam/treatment rooms, two private offices, employee break room, storage room, mechanical room, physical therapy gym, laundry facility, two pool rooms with a total of 3 pools - two Swim-Ex resistive current pools and one static pool with an aquatic lift chair, and separate men and women locker rooms with handicapped accessible restrooms and showers.

Is Support & Training Included:

The owners will provide training and orderly turnover to the new owner, at future negotiated rate between buyer/sellers. The owners are willing to stay on for as long as needed/desired to secure a successful transition.

Purpose For Selling:

Owners are looking to prepare for retirement.

Pros and Cons:

This was the first physical therapy business with onsite aquatic therapy in St. Clair county. The physical location of being less than 15 minutes from 3 hospitals, and other medical offices, provides a competitive advantage.

Opportunities and Growth:

Interior space is readily available for growth in several areas, examples include Audiology, Occupational Therapy, Pediatric Therapy, Speech Therapy, Pain Management, etc. Ample lot size provides space for exterior expansion if needed.

Additional Info

The venture was established in 2005, making the business 17 years old.

The business has 6 employees and resides in a building with disclosed square footage of 7,000 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals resolve to sell companies. Nevertheless, the real factor and the one they say to you might be 2 totally different things. For instance, they may state "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be excuses to try to conceal the reality of transforming demographics, increased competitors, recent decrease in incomes, or an array of other factors. This is why it is very important that you not rely entirely on a vendor's word, however rather, utilize the seller's answer combined with your overall due diligence. This will repaint an extra reasonable picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses finance loans with the purpose of covering items like supplies, payroll, accounts payable, and so on. Keep in mind that in some cases this can indicate that earnings margins are too thin. Lots of organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing agreements with vendors that must be fulfilled or might cause fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in new customers? Most times, businesses have repeat consumers, which develop the core of their daily revenues. Certain factors such as new competitors growing up around the area, roadway building, as well as personnel turn over can influence repeat consumers and also negatively impact future profits. One crucial point to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Certainly, the more people that see the business on a regular basis, the greater the opportunity to develop a returning customer base. A final thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? Just how might the local average household earnings influence future revenue prospects?