Physical Therapy

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Owner is retiring and is not Physical Therapist
Asking Price:
$375,000

Gross Revenue:
$640,000
Cash Flow:
$130,000
EBITDA:
$90,000
Inventory:
$2,000
included in asking price

FF&E:
$25,000
included in asking price

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Business Description

This Physical Therapy Office is one of the most reputable, successful Physical Therapy in DC Metro area. The center is geographically located in upscale and populated area of Washington DC. They have served thousands of clients. The company accept few insurances including Medicare, Care First. They have professional Physical Therapists, Assistance, office Manager, and Massage Therapist. About 10% of revenue is derived from Massage Therapy and 90% from Physical Therapy services. Current owner does not perform as Physical Therapist.

About the Business

Year Established:
2005
Number of Employees:
5
Real Estate:
Leased
Building Sq. Ft.:
2,362
Lease Amount/Mo.:
$5,848.00
Lease Expiration:
12/30/2020
Facilities:
This Physical Therapy center is nicely designed and located in a nice building with elevator and easy access. The square footage of this center has not been utilized with full capacity. New owner can grow the revenue with existing facility and no need to increase square footage.
Market Outlook/
Competition:
There is almost no other Physical Therapy in this town. The population has been growing sharply in Washington, DC area. The office is located in a professional building surrounded with commercial and multifamily high rises and just walking distance to Metro station.
Growth & Expansion:
New owner with strong marketing, networking, and utilization of social and digital media, website SEO, connection with hospital and other professionals may grow this company to new level.
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About the Sale

Reason For Selling:
Owner desire to retire and enjoy his time with family.
Training/Support:
All employees are well trained but owner will provide two weeks of training based on mutually agreed term. The owner may continue working with buyer based on reduced hours, compensation and term could be negotiated among parties.

Listing Info

ID:
1481679
Ad Detail Views:
886

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$
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Business Listed by

Mike Zarinbaksh, MBA, CBI, M&AMIC

Sunbelt Business Advisors

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U.S. Census Data for District of Columbia County, DC
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Source: Decennial Census (2010), United States Census Bureau.

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