SOLD!

Details

Turnkey Physical Therapy Practice For Sale

Asking Price:
 $550,000
Annual Sales:
 $662,000
Cash Flow:
 $267,000
Inventory: N/A
FF&E: $120,000
Real Estate: N/A
Employees: 4 FT/2 PT
Location: Northern Colorado
Reason For Sale: Unique Circumstances

 

Business Description

This turnkey, well-known, specialized physical therapy practice is located in the heart of Northern Colorado. Founded in 2010, they have built a fantastic reputation with excellent Google reviews( 4.9/5) over the last thirteen years.

With over 400 active patients and growing referral sources, they have a nice blend of cash, federal, and commercial insurance payors. Their 2022 revenues were $662K, with Seller Discretionary Earnings of $267K (and growing).

They have a spacious, highly desirable location with reasonable rent and plenty of parking off the highest-traveled road in town. They currently sublet ~1300 sq. ft. of space to a regenerative medicine practice, which can continue or be used to expand the P.T. operation.

The business comes with ~$120K of F.F.E., with w/an option to buy additional on-site equipment, such as x-ray, ultrasound, clinic room equipment, etc. The current location has tremendous growth potential, with a satellite office opportunity in the next community. Their experienced and highly effective team is willing to stay and transition with the new owner.

Financial buyers, investors, and other providers are welcome! Due to a unique statute in the state of Colorado, this can be purchased by a non-medically licensed buyer or a licensed provider outside of this specialty with the proper legal structure and team in place. The company is pre-approved with local S.B.A. lenders and ready for immediate acquisition and transition.

Sound interesting? Contact me here to learn more.

Represented by Don Taylor. Tell me more about this business.

Disclaimer: All information contained herein has been provided by the subject company, or its agent, to Front Range Business, Inc. (FRB); and while believed to be correct, said information has not been verified. Accordingly, FRB makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that FRB shall not be liable in any way for any loss or injury suffered by said recipient in connection with the delivery by FRB of this information. At all times, FRB is an agent for the seller and not for the buyer, unless a specific agreement exists for FRB to act as the buyer’s agent.