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Physical Therapy Practice
Location: United States -> California -> Southern California - All Southern California -> Beverly Hills
Industry: Health and Medical > Other Health and Medical




Business Summary

Price $189,999 - Phone: (818) 930-0451

Opportunity to take over ownership of a distinguished Physical Therapy practice. Current owner retiring. Office borders Beverly Hills & Mid-City. Surrounding neighborhood has an average household income of $117,366 and has new developments bringing up values.
Long term lease in place with options to extend. Practice has been growing and phones are ringing off the hook, currently has a waitlist for patients wanting appointments. Gross income for 2018 estimated to reach $300k. New owner can achieve and/or exceed these numbers.
Beautiful office with an amazing scenic view, treatment rooms, waiting room, large gym, personal office, back office with washer & dryer, and ADA compliant restroom. All furniture & equipment included. Practice is turn-key and ready to go! Perfect opportunity for a Physical Therapist wanting to start their own practice or expand their current practice and add another location.

Located in upscale medical building with valet parking, cafe, and guard on duty. Expenses are low and some utilities, such as AC, included in rent. Referral sources include insurances, doctors, attorneys, and past patient recommendations. Patients range from babies, children, adults, elderly, etc. Patient mix is approximately 70% insurance, 10% P.I., 10% workers comp, and 10% cash. Practice has long-term contracts with insurances and have been in place for many years. In-house billing done at this office. Staff includes one full-time biller and one part-time PT aide.

Facilities: 2,200 sq ft office · All furniture and equipment included in sale · Valet parking · Large gym · Treatment rooms · ADA Accessible · Long Lease · Class A Medical Building

*You must be a licensed PT to own this business. Please be prepared to sign a Confidentiality Agreement.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $300,000
Cash Flow:   $190,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  Yes
Seller Financing:  Yes

About The Business

Year Established:  1998
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  The seller is willing to mentor new owner. Must be a licensed Physical Therapist.
Reason For Selling:  Retiring




Print Listing Id: 700326732
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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