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Palm Beach County

  • Listing No.: 109-10426

  • Category: Professional

Asking Price $850,000.00
Down Payment $500,000.00
Gross Revenue $716,442.00
Total Adjusted Net Income $274,717.00
Equipment / Fixtures $200,000.00
Year Established 2004
General Location Palm Beach County
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Physical therapy center for sale located in best possible area for a medicare-based PT practice. The clinic is surrounded by tens of thousands of seniors in nearby 55 plus communities. Patient base is 95 percent medicare. Same owner for fifteen years who is retiring. Clinic was specifically built-out to be a premier physical therapy outpatient center, and has about $200K worth of equipment (fully paid for). Averages 6400 patient visits per year, and 2019 on track to exceed that level. Clinic employs two full time PTs, PT tech, and administrative staff. Owner is a PT but has very light patient load which can easily be replaced by current staff. Huge room to grow patient base as company does almost no marketing, and new owner can add other services such as occupational or speech therapy. Many patients self-refer themselves to clinic based on location, word of mouth, and outstanding reputation. Patients also come via physician referrals who appreciate the outstanding service given to their patients. Long term lease in place through 2024; rent very reasonable at $8,000/month (2965 sq ft) given the incredible location. Minimum patient census of 50 which increases significantly during season. Asking price of $850K with $500K down. Please contact Martin Berliant at 561-827-1181 or email for more information. Nondisclosure form is required.

Gross Revenue $716,442.00 Listed Price $850,000.00
Total Income $274,717.00 Down Payment $500,000.00
Base Rent Square Feet 2965
Total Rent $8,000.00 Lease Expiration 12/2024
Rent Deposit Lease Options
Inventory Not Included Leasehold Improvements $200,000
Equipment / Fixtures $200,000.00 Other Assets
Full-Time Employees 2 Training Period 30 days
Part-Time Employees Special License Required Physical Therapy Outpatient Center
Contract Staff 2 Reason for Selling retirement

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.