
PRACTICE DETAILS
This physical therapy practice for sale is very busy, with
need for an additional therapist at some point, unless the new owner wishes
to work full time. A disabled PT
could own this practice, hire additional PTs to replace the hours worked by
the current owner, and still earn over $50,000 per year!
There are strict limits on who can own PT practices. If you are not a PT, please first see the PT
Board's web site where
you will find the full rules. The California Medical Association has also posted their opinion on whom can own a PT practice.
The office is ideally suited not only to a PT, but also to a chiropractor, orthopedist, or physiatrist.
This PT practice is located in the Northern California Sierra Nevada Mountains community of Susanville, on Hwy 395, 90 minutes from the urban amenities of Reno Nevada and two hours to Sacramento, Redding or Chico.
Susanville’s rural touristy-atmosphere, surrounded by National Forests & Parks, lakes & rivers, with a clean environment and easy access to skiing & outdoor recreation make it an outdoor-person’s-paradise for both visitors and residents; with less crime, less traffic, and a lower cost of living than most of California. This modern & attractive, low-overhead practice is perfectly located for the outdoor enthusiast, with easy access to ski resorts, Susanville airport, national parks, camping, hiking, horseback riding, and bicycling. In addition there are top rated golf courses, tennis, museums and shopping.
Nearby Banner Lassen Medical Center in Susanville serves Northeastern California. The modern facility offers a wide variety of medical, surgical, obstetric and outpatient services normally only available in a much larger medical facility such as: MRI/CT- Ultrasound/Mammography - X-Ray – Laboratory - Infusion Center - Sleep Studies - EKG/EEG - 15 Private Rooms - 3 Birthing Suites - Inpatient/Outpatient Surgery - Emergency Room – Telemedicine - Banner Lassen Home Care - & Honey Lake Hospice.
The practice is a free-standing PT office providing therapies for ortho, neuro and cardio conditions. The 3,500 square foot office has 4 curtained treatment rooms, 1 enclosed treatment room, and a quiet massage space. Included is Merac Isokinetic Testing equipment and hydrotherapy for full body and extremities. Also included are EMS, ultrasound, mechanical traction, inversion traction, 90/90 traction, Saunders cervical traction, parallel bars, tilt table, total gyn, stationary bicycles, JOBST compression unit, Marcy platinum strength system, and assorted Swiss balls.
In the past 6 months the practice provided 224 Initial Evaluations within 1,800 total patient visits, working only 4 days per week.
FINANCIAL DETAILS
SELLER'S DISCRETIONARY ANNUAL INCOME ("SDE") $110,000, after expenses, before taxes
ASKING PRICE $80,000
TERMS: All cash to seller. Bank financing available
to qualified borrowers.
TIMING: Available immediately. Seller's immediate exit or
phase out will be coordinated with Buyer's desires, not to exceed three months
beyond purchase date.
Phone or email
Keith Borglum CHBC CBB
at Professional Management and Marketing
Specialist in the
valuation and sale of licensed healthcare practices.
Certified Healthcare Business Consultant (CHBC)
Certified Business Broker specializing in Healthcare (CBB) CA Broker Lic #00767129
Industry Expert in Healthcare Practice Valuation: Business Brokerage Press
Author:Medical Practice Valuation Workbook by PSR Inc.
at 707-546-4433
email