SOLD-Established Physical Therapy Clinic in Palm Beach County

United States, Florida

Asking Price: $595,000

Cash Flow: $386,264

Gross Sales: $791,443

Area: Delray Beach

FFE: $230,102

Inventory: $0

Real Estate: $0

Established: 2009

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Patrick Gagliardi

Chief Operating Officer

954-633-7278

[email protected]

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Summary

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.

Detailed Information

Sub-Category: Health, Medical & Dental

County: Palm Beach

Employees: 1 - Full-Time, 0 - Part-Time

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

Reason for Selling: Retirement

Inventory Included: No

Is Franchise: No

Lender Prequalified: No

Absentee Owner: No

Selling Financing: No

Is FEE Included: Yes