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Friday, May 18, 2012
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Exceptional Physical Therapy Practice for Sale
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- New York, Nassau
| Seller Financing: |
Yes |
| Lender Pre-Qualified: |
Yes |
| Listing ID: |
72030 |
| Office ID: |
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| Status: |
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Listing Details
| Listed Price: |
$1,350,000 |
| Down Payment: |
$325,000 |
| Total Sales: |
$975,000 |
| SDE: |
$525,000 |
| EBIT: |
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| EBITDA: |
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| FFE: |
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Included? Yes |
| Real Estate: |
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Included? No |
| Inventory: |
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Included? No |
| A/R: |
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Included? No |
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| Reason for Sale: |
Owner wishes to retire/relocate. |
| Training: |
The Seller will provide training and an orderly transition to the new owner. Additional training/consulting may be available from the Seller, if required, for an additional fee. |
| Financing Terms: |
The business is being offered at $1,250.000. A down payment of $250,000 will be required based on current third party financing guidelines. |
Operations
| Year Established: |
1999 |
| Last Acquired: |
1999 |
| Form of Ownership: |
S-Corporation. |
| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
Stand-alone |
| Absentee Owner: |
No |
| Online: |
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| Employees: |
Full Time: 4 / Part Time: 3 |
| Managers: |
1 |
| Hours: |
Mon-Fri 9am to 7pm |
| Owner Hours: |
40 |
| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
8/9/2019 |
| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
3000 |
| Facilities: |
The business utilizes 3,000 sq. ft. of space in a 5,000 sq. ft. building conveniently located near a number of major roadways. The facility itself is immaculate, up-to-date and fully functional. The office area is in pristine condition and contains IT and communications equipment.There is a robust computer network on-site with industry-leading software that accounts for all the companies’ business functions. Current monthly lease payments are very low at $3,000 per month and lease runs to 2019.
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Summary
| Business Description: |
This company was founded in 1999. This well established and very profitable practice has an outstanding reputation for providing top quality service and enjoys a diverse patient population from a wide range of referral sources.The practice is operated out of a first class office environment with 3,000 square feet of space providing ample room for existing business and plenty of room for growth. The practice is set up with a gym with a full complement of equipment, and an executive office for staff. The practice is a participating provider in many major insurance plans. This practice takes great pride in its clinical expertise and knowledge, personalized customer service and superior clinical outcomes. |
| Historical Summary: |
This practice was formed in 1999. Over the last 12 years this practice has developed a solid reputation as a top provider of physical therapy services on Long Island. The practice has established a significant competitive advantage in its local marketplace, differentiating itself by providing its customers with consistently high quality clinical services, delivered with a very personal touch, backed up with exceptional customer service. |
| Owner Qualifications: |
Buyers must be willing to provide detailed financial statements that will clearly demonstrate their financial capacity to consummate the transaction, as well as a resume or other records showing that they posses the business skills required to successfully operate the business. |
| Competition: |
Some local competition exists but this practice maintains a significant competitive advantage, due to its ability to satisfy virtually all of its clients needs quickly and efficiently. As one of the best known and most highly respected Physical Therapy practices in its local market, this practice has an exceptional reputation for quality service which provides a great platform for maintaining profitability and market share. |
| Potential Growth: |
This practice has solid operational procedures, facilities staff in place that will allow the company to handle significant growth. The company believes that a well-planned and executed marketing campaign can significantly increase sales by promoting it's key competitive advantages (personalized customer service and exceptional clinical outcomes). |
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