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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Physical Therapy Center
(Services)
Ocean County , NJ
Listed Price: $ 80,000
Listing ID: SVS373

Listing DetailsGross Revenue: $ 261,500
Cash Flow: $ 55,912
FFE: $ 38,000 (Included in Price)
Inventory: $ 1,500 (Included in Price)
Reason for Sale:

Transaction is due to the owner’s alternative noncompetitive business.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2016
Days & Hours of Operation: Mon.-Fri. 8am-8pm
Non-owner Payroll: $ 3,416
Employees: 2
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 3980
Monthly Rent: $ 3,800
Square Footage: 2388
Facilities:

This professional business opportunity is in central New Jersey, Ocean County, which consists of various highly populated affluent communities with continued demand for this service and industry. The company has a modern and professional appearance which consist of approximately 2,388 square feet and conveniently located near many state highways for patient convenience. The business is in a mid-size commercial building with other active and successful businesses.


SummaryBusiness Description:

Best offer for this successful Physical Therapy company consisting of an experienced group of health care professionals dedicated to providing the highest quality care in a comfortable and relaxed atmosphere. This company is one-year young, requires additional time to develop and has a full ability to further expand. They are well known as a center that teach their patients the skills to keep your body active and fit and they not only treat injury, they help to prevent others. Whether fitness training, yoga, stress management, ergonomics or postural exercises, they have the expertise to help their patients meet goals. They customize treatment programs after an evaluation and believe that educating the patient is vital to their long-term well-being. Their treatments are balanced between therapeutic exercise, relaxation and manual therapy with appropriate modalities. They are conveniently located for patients who work or live near the Ocean County area and they are completely committed to providing the highest quality of care available. For treatment of painful conditions, recovery of function, and injury prevention, they are dedicated to maximizing patient well-being. For Qualifications purposes, this business opportunity industry requires state government licensing approval to maintain / operate in addition to the standard required municipal licenses. Regarding employees and payroll, this physical therapy company consist of two full /part time employees who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $3,416. The business transaction has an assignable commercial lease which expires 2029-01-01, plus additional options available, with a monthly rent of $3,800, cost per square foot is estimated at $19.09 and rent security of approximately $3,980. The business fixed assets has an estimated value of approximately $38,000 which is based on the original equipment, licensing buildout & replacement cost in addition to the multiple of the existing net yearly income. The business operation is active five days per week, with hours from 8:00 am to 8:00 pm. The 2017 yearly gross income represented by the seller owner is $261,500 and the business has a yearly net income of approximately $55,912 based on an onsite owner operator and prior to any debt service. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.


Competition:

Regarding competition, due to the required licensing requirements no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

This physical therapy business can be further expanded by the new operator, if an improved marketing plan and local advertising is instituted. Additionally, the web site requires optimization which can result in further yearly gross sale.


Financing/Terms:

Can be considered to a qualified buyer with an appropriate down payment.