Physical Therapy Practice

Listing ID: 700326732

Listing Title: Physical Therapy Practice

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Industry: Health and Medical

Industry Segment: Other Health and Medical

Country: United States

State / Province: California

Area Southern California - All Southern California

City: Beverly Hills

Asking Price Range: < $250K

Gross Revenues: $300,000

Cash Flow: $190,000

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1998

Number of Employees: 1 - 3

Business Description:
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.

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