SOLD-Established Physical Therapy Clinic in Palm Beach County
United States, Florida, Palm Beach
Asking Price:
$595,000
Cash Flow:
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.
$386,264
Gross Revenue:
$791,443
Location (Area):
Delray Beach
FF&E:
FF&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.
$230,102
SOLD-Established Physical Therapy Clinic in Palm Beach County
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.
Facilities:3,250 square foot light and bright office in a retail strip center near Delray Medical Center
Relocatable:No
Home Based:No
Market Notes:According to the US Dept. of Labor, the demand for physical therapists should continue to rise as growth in numbers of individuals with disabilities and limited functions spurs demand for therapy services.
Growth Notes:Widespread interest in health promotion is increasing demand for services. Rehabilitative services are required as aftercare is needed for surgical procedures in our aging population
Support Training:four weeks at zero cost, longer if needed.
Financing Terms:SBA lending available to qualified therapist
(954) 596-8060
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