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Growing Occupational & Speech Therapy Practice

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  1999
Number of Employees  6 - 9
Inventory  $12K included.
Relocatable  Not Disclosed
Number of Employees  6 - 9
Real Estate  Leased
Training  6 months prn for transition or work-to-own
Reason for Sale  Semi-retiring / possibly moving.
Description  REDUCED PRICE to 115K or ''work to own''! This husband / wife owned clinic is a fully-equipped, inviting Pediatric Therapy Clinic established in 1999. Business is well-established and reputable in the community, continuing to thrive in hard economic times, with word-of-mouth referrals in a 25 mile radius from satisfied customers, local pediatricians, rehab MD's, and other pediatric professionals. Present staffing: 4 P/T contracted Occupational Therapists (including _ time owner), 2 P/T contracted Speech Therapists, previously Physical Therapy, a P/T bookeeper / office administrator, and ongoing therapy interns or volunteers. 1160 sq. ft. handicap-accessible clinic has 3-4 existing treatment areas, a waiting room area, and handicapped accessible restroom. Clinic is conveniently located off major freeway and public bus routes in highly desirable SF Bay area-one of the highest income regions in the US-- lending to many private pay referrals. Cash revenues approx. 50% private pay (mostly via HSA's or PPO insurance re-imbursement to family), 25% state/local or school funding, and 25% HMO insurance pay to clinic. Good working relationships and contacts established with Kaiser, Blue Shield, Blue Cross, United, Healthnet, Pacific Healthcare, Regional Centers, and local school districts. Infant Program, Parent Resource Agency, Payroll Co., and Bank located in same neighborhood. Low rent w/ option of 5 yr. fixed lease and designated parking with handicap accessibility make this an ideal location! FF&E & inventory, valued at 12K, included w/ sale. Gross Sales ('08)$198,174 ('09)$190,211('10)$210,470. Net Profits 60% of Gross. This is a lucrative and rewarding opportunity to build up your own private therapist-owned clinic, work a flexible schedule, expand upon your existing business, add new school or insurance contracts, add adult rehab. or add a ''satellite'' clinic! **Owner scaling back to retire / move and will work at least 6 months or more to ensure a smooth transition
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