TYPE OF BUSINESS: Physical Therapy Outpatient Clinic: Established 8 years ago with present owner. Services include treatment for arthritis, bursitis, joint pain, osteoporosis and sports injuries. Clinic has an excellent reputation for treating patients with multiple conditions. Clinic is open 10:00a.m. to 6:30p.m., but due to the distance for the owner, he has limited the amount of days for appointments. This is a perfect opportunity for a licensed PT owner operator that wants a turn-key business and lives in the area. This business is located approximately 2 hours north of Minneapolis.
FACILITY: This clinic is very attractive, well equipped and uniquely designed within approx. 1,500 sq. ft.. Lease is an annual agreement with an option to renew every year. The monthly lease payment is $2,000 per month. Large parking lot with handicap spaces available.
EMPLOYEES: 2 part-time.
GROSS SALES: Gross sales for 2014 were $134,487. Cash Flow in 2014 was approx. $86,500. Gross sales for 2013 were $126,270. Cash Flow was approx. $74,100.
ASKING PRICE: The owner is asking $125,000 for the business. This includes $25,000 equipment, furniture and fixtures. Seller willing to finance portion of the sale to a qualified buyer.
REASON FOR SALE: Location is too far from owner’s main clinic.