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Businesses For Sale   >>   Physical Therapy Businesses For Sale   

Successful Physical Therapy Clinics

Location  California,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $1821000
Net Profit / Cash Flow  $230710
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1900
Number of Employees  > 200
Inventory  TBD
Relocatable  No
Number of Employees  > 200
Real Estate  Leased
Training  Seller will negotiate training
Reason for Sale  Retirement

Description  
25 year old physical therapy practice owners ready to retire. Partners since they completed their residency are ready to turn over the reigns of this established, profitable 4 clinic operation. Neither partner works with patients. One of the partners has not been able t work in the last two years. Billings and collections have been off in the healthcare industry as a whole and are coming back strong with Obamacare. Recent changes now allow PT patients who belong to HMOs or PPOs to self-refer to the PT of their choice. 2014 volume is up 14% over 2013 YTD revenues and 2 new PTs have been hired to handle the workload. Marketing, billing and collections are done by a third party vendor so admin costs are low. Revenues were $1.821 million in 2013, $1.85 million in 2012, and $1,802 in 2011 with Sellers Discretionary Earnings of $230,700, $196,242, and $300, 587 respectively based on the partnership returns. Most of the PTs in the company have doctorate degrees. Clinics are clean, friendly, well staffed. The business is being sold as a group, not as individual clinics. Asking price is $1.5 million. SBA guaranteed financing of up to 80% of purchase price available to qualified individuals. For more information about this business please contact Rick Eggleton BRE 01278255 by calling 800-222-0676. For a NDA/Buyer Profile contact us.


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