Physical Therapy Practice For Sale in California. Prime Upscale Urban San Francisco East Bay location. It is within a quarter mile of Hwy 680 freeway access, and 200 feet from a bus stop. It is on the ground floor, parking is plentiful, with 4 spaces dedicated to the clinic. The complex is beautifully landscaped in the inner courtyard, with waterfalls, a stream, and redwood trees.
The clinic is 2,500 square feet, with 3 treatment rooms, a large open gym area, and plenty of office space. It is all high ceiling, open beam-style, many windows and a very pleasant work environment. This would be an excellent stepping-stone upon which to build a full practice, or as a satellite to add $200,000 revenues to an existing practice, or as an ancillary service or site for a physical-medicine practice.
The lease expires Oct. 31, 2014 and there are two 3-year extension options for the new owner. The October lease-renewal date would allow easy transfer of the assets and patients to a new location.
The practice revenues have declined due to health problems of the owner and associate PT, and illness forces sale. At the current 32 hours per week, the owner is fully booked and often has a waiting list, with annualized 2014 revenues of approximately $200,000/yr. The clinic can reportedly expand with increased PT staffing. 95% of patients come from physician referral, but CA law now allows patient self-referral, improving the opportunity to grow.
Because of the seller's health and business decline, the asking price is only equal to the furnishings and used instrumentation!
The seller may remain part time to assist in the transfer of the practice to the buyer.
You must be a CA licensed PT, or certain types of physicians, to own this practice.
Asking Price: $20,000 (twenty thousand dollars)
contact Broker Keith C Borglum CBB CHBC at 707-546-4433
CA Licensed & Certified Business Broker