Physical Therapy Outpatient Rehab Center

Not Disclosed, FL
Palm Beach County

Palm Beach County


Asking Price: Annual Revenue:
$850,000 $770,067

Services: Medical, Dental


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RE: Physical Therapy Outpatient Rehab Center Broker: Martin Berliant
Owner Financing is Available!
Will accept $500,000 down from qualified buyer.

Quick Facts

Asking Price: $850,000
Annual Revenue: $770,067
Net Profit: $311,361
Cash Flow: $311,361
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2004
Employees: 4
BBN Listing #: 297829831
Broker Reference #: Not Disclosed

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Business Overview:

Physical therapy center for sale located in best possible area for a medicare-based PT practice. The clinic is surrounded by tens of thousands of seniors in nearby 55 plus communities. Patient base is 95 percent medicare. Same owner for fifteen years who is retiring. Clinic was specifically built-out to be a premier physical therapy outpatient center, and has about $200,000 worth of equipment (fully paid for). Averages 6,400 patient visits per year, and 2019 on track to exceed that level. Clinic employs two full time PTs, PT tech, and administrative staff. Owner is a PT but has very light patient load which can easily be replaced by current staff. Huge room to grow patient base as company does almost no marketing, and new owner can add other services such as occupational or speech therapy. Many patients self-refer themselves to clinic based on location, word of mouth, and outstanding reputation. Patients also come via physician referrals who appreciate the outstanding service given to their patients. Long term lease in place through 2024; rent very reasonable at $8,000/month (2,965 square feet) given the incredible location. Minimum patient census of 50 which increases significantly during season. Asking price of $850,000 with $500,000 down. Please contact Martin Berliant or use email button of this ad for more information. Nondisclosure form is required.

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Reason for Selling:

Retirement

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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