Physical Therapy Practice For Sale
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $355000
Net Profit / Cash Flow $258000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2000
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training As needed.
Reason for Sale Retire.
Description Physical Therapy Practice For Sale in San Jose California. Earn $258,000 income working 3-3.5 days per week!
This very successful medical physical therapy practice for sale is very busy, with need for an additional therapist due to excess demand, unless the new owner wishes to work full time or more. A disabled PT could own this practice, hire an additional PTs to replace the hours worked by the current owner, and still earn over $200,000 per year! The prime location is in the heart of a very desirable area, near Silicon Valley and San Francisco.
The practice is ideally suited not only to a PT, but also to a chiropractor, orthopedist, or physiatrist PMR physician wishing to have PT as an ancillary service or patient-generator.
FINANCIAL DETAILS
2008 COLLECTIONS $355,000
2008 INCOME approx $258,000 after expenses- including owner's compensation for labor as a PT, plus benefits, working part time!
ASKING PRICE $395,000 or best offer. Independent appraisal available showing over $435,000 value.
TERMS: Bank financing available to qualified borrowers. The practice pays for itself from extra income compared to a salary for the same schedule!
Note: you have to be a licensed PT, MD, DO, or DC to get SBA bank financing, since they require that the purchaser could render the therapy services themselves in the absence of licensed employees. Other purchasers would have to pay all cash, or terms acceptable to the seller.
TIMING: Available immediately. Seller's immediate exit or phase-out will be coordinated with Buyer's desires.
More info and a confidentiality Non-Disclosure Agreement (''NDA'') is available. Phone or email Seller's Broker, Keith Borglum at Professional Management and Marketing at 707-546-4433 with questions or to make an offer. CA Broker Lic # 00767129.
Click Here To Contact Seller
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