A highly regarded holistic adult physical therapy practice in the Greater Los Angeles California area is for sale. This is a great opportunity to purchase a growing practice or to establish a fantastic second location.
Due to the upcoming relocation of the owner, this boutique physical therapy practice owner is seeking a like-minded holistic physical therapist who is looking for a strong foundation upon which to continue to build a loyal following of clients, or for someone who wants a great second location for their existing practice inside a well known and popular gym in the Greater Los Angeles area. The current owner only practices on a part time basis, so there is tremendous opportunity for future growth and development simply by expanding available hours for treatment.
Taking a patient-centered approach, which addresses the whole person rather than simply the symptoms; sessions are one-on-one and mostly hands-on. Pilates is offered, and all patients are encouraged to use the gym facility before/after each session to improve outcomes. The practice is organized as strictly out-of-network and accepts Medicare insurance. The practice averages approximately 15-20 productive visits per week and receives approximately 2-3 new patients per month.
The clean and modern physical office is on the ground floor; there are no steps to access the office and the office is ADA compliant. There is a private room as well as access to the open gym area that is equipped with treadmills, ergonomic bikes, free weights, balls, mats, etc., all in excellent condition. The private room offers a light dimmer and sound machine to improve patient relaxation. There is also a flat area outside of the gym that allows for community gait training. The shared bathroom is equipped with showers.
Office hours are very flexible. The gym is open weekdays from 5:30 AM to 9:00 PM and weekends from 9:00 AM to 6:00 PM. Patients can be treated in the gym at any time. The private office is available for over 30 hours per week; however, it is currently being utilized for only 10-18 hours per week, by her choice. The gym owner is willing to give the new PT owner a lease with a monthly rent of $1000 per month.
The office is in a very upbeat, mixed-use neighborhood of residential buildings and commercial establishments. It is within walking distance to restaurants, a shipping/mailing service store, a school, doctors’ offices, an acupuncturist’s office, a yoga studio, as well as a bank, grocery store, park, and recreation center. Major LA landmarks are in close proximity.
Full financial information including but not limited to practice statistics, profit and loss statements, balance sheets, and tax returns for the last 2 years are available for inspection. The gross revenue for the company last year was $100.000,00 and it has great potential to increase.
Ask price is negotiable; the purchase price will include the web site and domain name, active patients, database of past and current patients (approximately 165 names and email addresses), and all equipment. Current biller is willing to stay on with new owner.
Owner is willing to finance part of the deal provided that 50% of the price is paid in cash upon closing. Owner is willing to stay on for a reasonable transition period to introduce buyer to referral sources, patients etc. and would continue to stay on as needed for a defined transitional period if new owner wants some overlap time to ensure a smooth transition. If requested, owner can also consult remotely on business and/or clinical issues on an as-needed basis for a mutually agreed upon fee.
Serious inquiries only: Please contact Chris at: LNRexpressfirstname.lastname@example.org