Due to the upcoming retirement of the owner, this fantastic sensory based private practice is being offered for sale. It is almost exclusively self-pay, averages a 100 plus productive visits per week, receives approximately 10 new patients per month, and has long term part and full time OTRs and COTAs, who treat the majority of the patients and are eager to stay on at the practice under new ownership. It enjoys a stellar reputation with local physicians, schools, and colleagues for its individualized care and unique sensory based treatment approach. The practice is fully up to date with EMRs, a Computer Network, File Server, Multiple Work stations, Wireless Router and Cable Internet. Although the practice is currently owned by an OT, it is felt that a like minded health professional from another discipline could successfully run and expand the practice. The practice is located very close to one of Florida’s fastest growing cities. The 1500 square feet office includes 3 treatment spaces, each with multiple suspensions, a testing and evaluation room, a kitchenette and office spaces. The lease is reasonable, transferable and renewable. An added potential bonus is that the building owner has indicated willingness to sell, providing an opportunity not only for real estate ownership but also to increase space utilization up to approximately 4,500SF, bring in other health professionals, services etc. For any party interested in both the real estate and the professional practice, please note that these would be 2 separate, mutually exclusive transactions.
Full financial information including but not limited to profit and loss statements, balance sheets, and tax returns for the last three years are available for inspection. The gross revenue for the company is over $500K, and is projected to reach $600K for 2017.
While the client waitlist suggests that there is tangible evidence for growth, the current owner’s prioritization of service and effectiveness – rather than expansion, continues to yield a solid profit margin. Services, almost exclusively private pay, are underwritten by strong interest and commitment of parents. Currently there is no active marketing/social media program which could also drive additional clients to the practice.
The practice is being offered at $395,000.00 with negotiable terms. The owner is willing to stay on for a reasonable transition period, and might consider longer-term employment opportunities with new owner.
Serious inquiries only: Please contact Iris Kimberg, MS PT OTR on behalf of the practice owner at firstname.lastname@example.org.