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Physical Therapy

Washington, DC (District of Columbia County)

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Asking Price: $375,000

Cash Flow: $130,000

Gross Revenue: $640,000

EBITDA: $90,000

FF&E: $25,000

Inventory: $2,000

Rent: $5,848 /Month

Established: 2005

Physical Therapy

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Business Description

This Physical Therapy Office is one of the most reputable, successful Physical Therapy in DC Metro area. The center is geographically located in upscale and populated area of Washington DC. They have served thousands of clients. The company accept few insurances including Medicare, Care First. They have professional Physical Therapists, Assistance, office Manager, and Massage Therapist. About 10% of revenue is derived from Massage Therapy and 90% from Physical Therapy services. Current owner does not perform as Physical Therapist.

Detailed Information

Location:
Washington, DC
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,362
Lease Expiration:
12/30/2020
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This Physical Therapy center is nicely designed and located in a nice building with elevator and easy access. The square footage of this center has not been utilized with full capacity. New owner can grow the revenue with existing facility and no need to increase square footage.
Competition:
There is almost no other Physical Therapy in this town. The population has been growing sharply in Washington, DC area. The office is located in a professional building surrounded with commercial and multifamily high rises and just walking distance to Metro station.
Growth & Expansion:
New owner with strong marketing, networking, and utilization of social and digital media, website SEO, connection with hospital and other professionals may grow this company to new level.
Support & Training:
All employees are well trained but owner will provide two weeks of training based on mutually agreed term. The owner may continue working with buyer based on reduced hours, compensation and term could be negotiated among parties.
Reason for Selling:
Owner desire to retire and enjoy his time with family.
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(from currently available funds)
 
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Mike Zarinbaksh, MBA, CBI, M&AMIC

Business Listed By:
(Mike) Majid Zarinbaksh, MBA, CBI

Sunbelt Business Advisors

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