Light, bright, clean and cheerful rehabilitation clinic provides compassionate care for outpatient Physical Therapy and Occupational Therapy. This Medicare Preferred Provider accepts all major insurances. 1 PT, 3 PTA, 1 OT, 1 OTA all 1099s, manager is W-2. Doctors and nursing agencies provide patient referrals. The patient census averages 40 year round and up to 70 in season. The area demographics consist of over twenty five thousand homes and condo (mostly senior living) within a 3 miles radius. The first quarter of 2020 P&L is the best quarter in the 11 year history. Business shut down for 10 weeks and is reopening under the strict guidelines after Memorial Day. Motivated Seller may stay on in limited roles, looking for a reduced work schedule post-closing. Buyer to have RPT or DPT credentials.
Cash Flow (SDE) - The total financial benefit a single owner gets annually, calculated by adding back the owner's salary, perks (like personal use of cars, travel), non-cash expenses (depreciation), interest, and one-time costs to the pre-tax profit. Seller's Discretionary Earnings, or SDE provides buyers with a clearer picture of the business's true cash flow and earning potential.
$386,264FF&E (Furniture, Fixtures, and Equipment) refers to all the movable, non-structural assets used in the business, such as desks, computers, machinery, shelves, and decor, which are included in the sale to keep the business operational and functional for the buyer.
$230,102SOLD-Established Physical Therapy Clinic in Palm Beach County
This business is sold. Please check other available Businesses for Sale here.