Maui, Hawaii - Physical Therapy Clinic

Not Disclosed, HI

Near patients


Asking Price: Annual Revenue:
$129,000 $448,197

Services: Professional


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RE: Maui, Hawaii - Physical Therapy Clinic Broker: Thomas Caltrider

Quick Facts

Asking Price: $129,000
Annual Revenue: $448,197
Net Profit: Not Disclosed
Cash Flow: $129,069
Total Debt: Not Disclosed
FF&E: $40,700
Real Estate: Not Disclosed
Year Established: 2001
Employees: 3
BBN Listing #: 833552757
Broker Reference #: HI PT

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Business Overview:

This Physical Therapy Clinic, located in Maui, HI, has been a long tenured (opened 2001), well known and preferred outpatient physical therapy provider in this market. It is being offered for sale due to the owner’s pending relocation to the mainland.

They started 2020 off with excellent results with sales for the first quarter up 20% compared to the previous year and then the Covid-19 virus hit Hawaii and they shut down from March 20 to June 1, 2020, except for emergencies. Fortunately, while YTD August 2020 financial results were down: sales down 33%; but SDE of $93,422 was down only 7% compared to the prior year.

They are located close to many patients, in a well decorated and productive appr. 1,000 sq. ft. leased space, which was just remodeled in 2019, with 2 private treatment rooms, 3 total treatment areas, Gym area and Waiting area and it has ample free parking. Most patients are Hawaii residents so little impact by tourism levels.

The clinic has all the required medical equipment to provide excellent medical treatment to patients and has two full-time physical therapists (plus the owner) and an office manager.

They are open Monday through Friday for 56 hours. The owner normally works about 30 to 40 hours per week and because of his business model he is able to take about 6 to 8 weeks of vacation per year.

In 2019 they had over 5,000 patient-visits which produced $448,330 of revenue and $129,069 of owner’s profits (Seller’s Discretionary Earnings).

This clinic is being offered on a fully turnkey basis. Please contact us to get a very detailed Confidential Business Profile which includes all relevant tax return-based financial and business information.

Is now the time to own your practice in Hawaii’s paradise?

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Property Features and Assets:

Monthly Rent: $3,220.69 includes CAM & GET ($38,648 per year; $39.56 per square feet/year) Square Feet: 977 Lease Expiration Date: 3/31/2021 Other Location Info: • Good landlord relations • Well decorated and close to patients • Ample and free parking

Reason for Selling:

Relocation

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.

Relevant Links:

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