This turn-key semi-absentee operated San Diego area physical therapy clinic, which boasts favorable rent, low fixed operating costs and attractive negotiated staffing salaries, has operated from the same location 23 years – resulting in excellent brand recognition. The clinic is contracted with all major insurance providers including Medicare, Medi-Cal, Tricare and Healthnet and benefits from the loyal consistent referral partners that they have had in place for over 20 years. The operation outsources billing for 8% of the collected reimbursements, with a 100% claim reimbursement rate. The majority of the operation’s reimbursements come from Medicare (70%) and Medi-Cal (30%), and PPO’s with limited amounts from Workmen’s Compensation Insurance.
- Asking Price:
- $200,000 Furniture / Fixtures included
- Sales Revenue:
- $153,385
- Cash Flow:
- $12,000
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$31,456 per annum
- Premises Details:
-
This fully renovated clinic operates out of a 1,660 square foot facility that leases for approximately $2,750 per month. It recently underwent a complete remodel with new floors, paint and upgraded restrooms, IT equipment, smart infrastructure (security cameras, online management system and Physical & Operational Therapist charting, online time clock and automated appointment reminder system) and an interactive website with appointment scheduling capability. All of the business’s furniture, fixtures, equipment and permitting will be included in the sale, including its transport van and National Provider Identifier number (NPI).
- Size in square feet:
- 1,660
Business Operation
- Expansion Potential:
-
New operators may wish to take this well-established clinic in any number of directions. First, the company also eliminated Occupational Therapy and Audiology programs, coupled with the closing of the satellite office and eliminating all marketing spend due to COVID. New management will want to reinstate these programs, establish partnerships with day care facilities, and capitalize on the new satellite location that has no expenses as its housed in a Medicare approved daycare facility for physical and occupational therapy. As this day care facility has 7 area locations, it stands to be a highly profitable relationship once they become fully operational.
- Competition / Market:
-
Competition exists however this clinic has been a community staple for years. With it being an incumbent physical therapy clinic in the area coupled with its reputation for exceptional service, the great referral source network it’s developed and its solid patient flow, this business has a competitive advantage.
- Reasons for selling:
-
Personal
- Employees:
- 8
- Years established:
- 2002
Other Information
- Support & training:
-
TBD
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller will agree to a small secured carry for a creditworthy buyer based on their overall offer and experience in order to facilitate an SBA or conventional loan.
- Furniture / Fixtures value:
- $35,000 - included in the asking price
- Relocatable:
- This business can be relocated.
