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Physical, Speech & Occupational Therapy Services for sale in Gulf Coast, AL

Gulf Coast, Alabama (AL)

Asking Price: Gross: Cash Flow:
$ 645,000 $ 783,224 $ 191,331

Furniture and Fixtures Value:
$ 1,000 (included in the asking price)

Business Summary:
Physical, Speech and Occupational Therapy in-home service businesses operating in two Alabama Gulf Coast counties. 7-licensed Therapists, with demand for more, providing in-home treatment that targets seniors and surgery recovery follow-up. The services can be provided in assisted living and independent living facilities plus the popular outpatient treatment. Posible to relocate in the area and could be home based.The business works with physicians in organizing a Plan of Care and the follow-up necessary for recovery and better health. Therapy can restore overall physical health, decrease pain, and improve mobility lost to injury, disease, or aging to allow the patients to age in place. Almost all patients are covered by insurance with over half being billed to Medicare. In 2016 the business provided 28,900 Physical Therapy units, 16,301 Occupational Therapy units, and 27 Speech Therapy units a unit is 15-minutes. Cash flow in 2015 and 2014 was over $300,000 each year. 2017 is shaping up to be well ahead of 2016. Included is a specialized software program for scheduling, billing and record keeping plus a solid reputation and referral basis. The business offers an excellent opportunity for a Physical Therapist to take over a thriving practice with trained PT specialists and/or offers a model for expansion by a larger group. Contact Sunbelt for more information. A Non-disclosure Agreement and Personal Financial Statement will be required.

 

   
Year Business was Established: 2004
   
Number of Employees: 7 FTE, 1 PTE  
   
Owner willing to finance: Seller will consider some financing for a qualified buye  
   
Owner willing to train: Seller will negotiate a transition period  
   
Reason for selling: Retirement  
   
Seller Reference Number: N814-LC
BusinessMart.com Listing Number: 209224
 

 

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For more info contact:

Lanier Chew

Sunbelt Business Brokers
251-626-4949

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