Profitable Physical Therapy Clinic in West Seattle PT
Location: Washington > King County > West Seattle
Industry: Health and Medical > Medical Practices
Financials
Asking Price: $150,000
Gross Revenue: $156,000
Gross Revenue Comments: working 1/2 time or less: 1000hrs last year!
Cash Flow: $100,000
Cash Flow Comments: could be higher
Inventory: $1,000 (Included in Asking Price)
FF&E: $10,000 (Included in Asking Price)
Seller Financing: Possible to right buyer with solid down payment.
Business Summary
The clinic is well connected with several other small health care offices in the area, as well as a larger orthopedic clinic, and the majority of patients are referred by such offices and/or other patients. Some patients have come to the clinic via referral by their insurance company’s preferred provider list. This clinic offers a different kind of treatment session than other PT clinics in the area; therefore, many practitioners exclusively refer those patients who could benefit from a higher level of “hands-on” care to this clinic. The clinic has made approximately 22-35 patient hours available weekly since it opened. The current owner’s focus has been on patient care and maintaining established relationships with referral sources while expending little effort at gaining “new” referral sources. This is an outstanding opportunity for the physical therapist who would like to become part of a well-connected community of various practitioners, hold their own hours, treat in a low stress environment with longer treatment sessions, and offer the highest quality of care available in physical therapy. LLC is setup with most insurance carriers including Aetna, which is closed to new practitioners.
About the Business
Year Established: 2006
Employees: 1 full time -
Relocatable: Yes
Facilities: Very nice location and professionally decorated space. The business’ office space is subject to a three year lease in a building with many other small health care businesses: massage therapy, counseling, acupuncture, naturopathy, primary care/nurse practitioner . Great online scheduling tool and online credit cards coming soon. About 600 sq foot space with 3 treatment rooms. ADA compliant too!
Market Outlook and Competition: There is opportunity for huge growth. The owner has not had the time or desire to grow the clinic beyond its current level due to personal and family demands. The potential for growth is evidenced by the fact that this clinic has had a consistent wait list since its opening and occasionally refers patients out to another PT clinic if unable to create space in the schedule. Additional office space is periodically available in the present building if and when a new owner may wish to expand the business. There are no known clinics within 2-3 miles that offer such a unique treatment approach. There are several larger PT clinics which offer less of a “hands-on” approach and shorter visits, and as a result, are not widely utilized by this clinic’s referral sources.
About the Sale
Management Training and Support: The Seller will assist with establishing an ongoing relationship with current strong referral sources so that there is a smooth transition. This may include helping to set up and attend lunch meetings with current referral sources and sharing information about likes/dislikes of the treatment preferences of each referral source.
Reason For Selling: Seller is re-locating.
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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