Business for Sale Overview:
Purchaser must be a licensed Physical Therapist. Outpatient sports and orthopedic physical therapy practice specializing in treating general orthopedic conditions. Patients include athletes of all ages, University of Arizona students, workers compensation cases, and balance / vestibular patients. The practice has many postoperative patients from local Orthopedic Doctors and has a widespread referral base from all over town. They have an outstanding reputation and good referral relationships. The practice is in a medical park with many family care and Internal Medical Doctors, a local ENT group, a Podiatrist, a Neurologist Group, an Orthopedic practice with 4 surgeons, and a soon to be formed Orthopedic practice with 4 Surgeons. The practice is a member of the Southern Arizona Therapy Network, Physical Therapy Provider Network, Industrial Solutions Network, and PTP Network. This allows the practice to be on most insurance plans and workers comp contracts. The practice currently has 2 full time physical therapists, 1 PRN therapist who works 12-18 hour per week as needed, one full time PT tech, and 1 receptionist who does billing and insurance verifications. The asking price of $275,000 is for the practice. The owner is including $100,000 of accounts receivable, which the owner is guaranteeing as collectible. The gross purchase price including the $100,000 of accounts receivable is $375,000. The owner will finance $200,000. Composition of Payers: Medicare 28%, Workers Comp, 25%, Private Insurance 42% (1.5% is self-pay), and Liens 5%.
Disclosure:
This business is being marketed for sale by Michael C. Abbinante, of Abbinante & Co. Michael C. Abbinante is a licensed real estate broker in the State of Arizona.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This practice has 3,600 square feet located in a medical complex adjacent to one of Tucson s major hospitals.
Market Competition and Expansion:
Because of the high volume of business this practice has realized in 2008, the owner is looking to hire another physical therapist.
Reason for Selling:
Owner is relocating.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.