* Included in Asking Price
This Northern California based Physical Therapy Clinic was established in December 2014 and the Seller has over 20 years of experience in the industry. Boasting a 4 Â½ Star rating on Yelp, they are an active member of the Physical Therapy Practice Network trade association.
The clinic provides affordable and specialized therapy for patients seeking one-on-one pain treatment and customized rehabilitation programs. Services include general orthopedics, a medical specialty focused on the correction of functional impairments of the musculoskeletal system which includes back and neck pain, repetitive strain injuries and chronic pain management. Services also include comprehensive pediatric orthopedic rehabilitation programs for children and their families to enhance the quality of life of children that have special needs. Conditions treated include musculoskeletal systems, neuromuscular systems, genetic disorders and syndromes, metabolic conditions, obesity and malnutrition/failure to thrive. The Clinic also provides occupational services for both prevention of and treatment of injuries.
There are two sources of revenue: direct payment by patients and insurance companies (HMOs, worker compensation companies and their HMOs). This Clinic has become the preferred supplier for many of these work compensation companies.
The Seller is the only licensed therapist at the facility. The Office Manager, who received her MA in 2014, oversees the office marketing, insurance authorizations, billing programs and new employee training. She assists in physical therapy treatments as needed. There is a total of 4 employees, and staff want to stay. Capacity is approximately 6,000 visits/year, and they have run at capacity in the past years.
There is approximately 1,600 square feet of office building space with ample parking. Current rent is $1,925 per month as a NNN lease. The lease expires on September 30, 2020 and there is a 4-year option to extend. Other office building tenants include a chiropractic office and an accounting firm, and this business is situated across the street from other office and medical buildings.
The current asking price is $297,000 as a cash free/debt free asset sale. Included in the sale is $40,000 of inventory and also $40,000 Furniture, Fixtures and Equipment. This business is already SBA pre-approved. The Seller is willing to finance 50% of the acquisition for 24 months at 5% interest.
Required Licenses: Physical Therapist
|Competition:||Current marketing consists of the Companyâ€™s website, which boasts thousands of articles regarding medical conditions requiring physical therapy, Facebook monthly articles, digital and direct mail marketing as well. They are the only Physical Therapy Clinic in their town.|
|Growth Potential:||Growth could be obtained by adding an additional Physical Therapist, offering more services, and increased digital marketing and building of partnerships with referring facilities. An additional location could be opened up as well in order to facilitate growth.|
|Training/Support:||Four weeks of training would be provided if Buyer is a Physical Therapist, and eight weeks of training if Buyer is not. The reason for selling is the Seller is looking to retire.|
|Seller Financing:||50% financing based on full price offer at 5% interest over 24 months|
|Sale Reason:||Seller is looking to retire|
Seller Reference #SACRACA002-N10
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