Fast Growing Home Therapy Company

Not Disclosed, TX

Asking Price: Annual Revenue:
$1,250,000 $2,379,586

Services: Medical, Dental

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RE: Fast Growing Home Therapy Company Broker: Rich Giles

Quick Facts

Asking Price: $1,250,000
Annual Revenue: $2,379,586
Net Profit: Not Disclosed
Cash Flow: $399,028
Total Debt: Not Disclosed
FF&E: $9,665
Real Estate: Not Disclosed
Year Established: 2017
Employees: 9
BBN Listing #: 27604955
Broker Reference #: 6004-16277

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Business Overview:

This is a private company that provides physical, occupational, speech therapy and social services to home health agencies for the home bound patient. This provides a distinct advantage to both the therapists and the home health agencies; for the therapists, the company not only arranges for patient visits close to their locations, but also takes away the administrative burdens. In other words, they can focus on what they love most - helping patients. For the home health agencies, they are comforted in the knowledge that the therapists working with their patients have all been carefully vetted by the company.

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Property Features and Assets:

This company operates in a 725 square feet office. The monthly rent is $1,300 ($15,600 annually). The lease includes insurance, maintenance and taxes. The current lease expires on January 31, 2022 and there is an option to renew. Assets = $9,665.

Market Competition and Expansion:

There are three primary competitors in the area. These companies range from 600 visits per week to 3,500 visits per week. For perspective, this company projects approximately 775 visits per week in 2021 and an annual projected increase of 250 visits per week going forward. There are several practical avenues for potential growth. First, obviously, acquire additional agency contracts by leveraging the company's excellent reputation. The company could also maximize growth with current agencies and add a skilled nursing branch as an additional service offering. Further growth could be accomplished with the ability to bill Medicare Part B and treat patients at home under out-patient rules. Finally, adding clinicians in other service areas would increase referrals and visits.

Reason for Selling:

The owners wish to pursue other business opportunities.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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