Physical Therapy Practice - Major Price Reduction!


Asking Price: $550,000
slideshow image
 
 
  Aaron Muller
Phone: 425.274.2092
Email: info@ACBrokersInc.com
 

Listing Information

Address: , King County, WA,
Gross Income (last 12 months):
$711,551.00
Value of Furniture, Fixtures, and Equipment:
$40,000.00
Cash Flow (last 12 months):
$265,077.00
Included in Asking Price?:
Yes
Year Established:
1965
Value of Inventory:
$350.00
Number of full-time employees:
2
Included in Asking Price?:
No
Number of part-time employees:
8
Value of Property (if for sale also):
--
   
Included in Asking Price?:
No

Description


This is a well-known, profitable physical therapy center that has been established for over 50 years. Located in a highly convenient location in King County, this physical therapy practice receives a constant stream of patient referrals from many doctors due to the quality reputation it has built. The practice gets approximately 3-4 patient visits per hour, 25-40 per day, and 150 per week. The owner is a physical therapist and sees patients full-time. In addition to the owner, there is 1 full-time physical therapist, 1 part-time physical therapist, 1 part-time PT assistant, 6 part-time PT aids, and 1 full-time office manager. After decades of running the business, the owner is ready to retire. This is a rare opportunity to take over a successful physical therapy center, enjoy the high cash flow, and take the practice to the next level.

Facilities / Location


The location is highly convenient and accessible. The 3,500-square-foot facility has a plethora of exercise equipment, ultrasound equipment, and a therapeutic spa for hydrotherapy. Business hours are Mondays to Fridays from 6:30 AM to 7:30 PM, and Saturdays from 8 AM to noon.

Competition / Market Pros & Cons


This physical therapy practice is well known and well established with over five decades of history. The cash flow is strong with the owner’s discretionary income being fairly consistent in the $270k range. With over 70,000 people a year moving to King County from out of State due to strong employment in the area, the demand for physical therapy will only continue to grow.

Growth and Expansion Pros & Cons


Currently, most of the new business come from referrals and word of mouth. The owner is at retirement age and has spent very little effort on marketing. A new owner with fresh energy to focus on marketing could take revenues and cash flow to the next level.

Support / Training Available


Seller is willing to train. Details negotiable.

Reason for Selling


Retirement.

Any Financing Seller Will Provide?


Cash at closing. Broker can assist buyer in obtaining bank financing.

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