MergerPlace

Physical Therapy Practice

Massachusetts (Middlesex)


  • Asking Price: $775,000
  • Gross Income: $839,276
  • Cash Flow: $287,286
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $33,034
  • Listing ID: #212932
  • Established: 2003
  • Employees: 7 FT

Business Description

Two office growing Physical Therapy Practices located in Greater Boston and in close proximity to each other. The practice focuses on rehabilitative care in the following specializations: Pediatric, Geriatric, Vestibular, Orthopedic, Post-Surgical, neuromuscular, women's health and Craniosacral therapy. The practice has enjoys a highly regarded local brand and growth over the past several years.
Revenue has grown from $696,000 in 2016 to $832,000 in 2018.


Business Details

Primary Business Category: Services - Other Services
Location: Massachusetts
County: Middlesex

Company Information

Year Established: 2003
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 7 FT

Financial Information

Asking Price: $775,000
Gross Revenue: $839,276
Cash Flow: $287,286
FF&E: $33,034
Seller Financing Available: No

Property Information

Facilities:

The practice has two facilities in adjacent towns close to Boston 1. 2,500 square feet, lease term 5 years rent $4850 2. 1,200 square feet, lease term 3 years rent $3700 Both facilities have ample parking and located in urban towns that allows patients to walk to the facility

Growth & expansion opportunities:

The practice has many attributes which will contribute to growth: Favorable Demographics: the aging population; the US population 65 and older is expected to increase by about 49% between 2016 and 2030, compared to a 10% growth in the general population. Demand for health care is rising as our population ages. Specialization: Physical therapists can differentiate their practice from competing therapy providers by specializing in a particular area of physical therapy. The practice has clearly established itself as providing specialty services, as listed above. This specialization allows therapists to focus marketing and referral cultivation efforts and better tailor their services to patient needs. Complementary Products & Services: The practice has introduced massage therapy as an additional offering to patients. Cost Control: US health care reform measures aim to limit medical spending by encouraging shorter hospital stays and lower cost treatment options. The practice has marketed itself as a low-tech, less expensive way to prevent disabilities and speed patient recovery from injuries. Successful rehabilitation can result in cost savings throughout the health care system. This bodes well for future growth in the practice.

Competition:

Therapy practices compete with similar services provided by hospitals, physician offices, nursing homes, home health services, chiropractors and educational institutions that employ their own therapists. The practice compete with a strong local brand, specialization of services and excellent and enduring referral sources.

Reason for selling:

Owners relocating.

Support & Training:

Will train for 4 weeks @ $0 cost.

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Business Listed By:

Kevin Dougherty

Murphy Business Brokers