After 22 years in practice at the same location, this renowned PT owner is offering her physical therapy practice for sale. The owner is well known internationally having worked on the sports circuit with very highly ranked tennis and golf players and has a great following among referral sources and patients in the community.
The practice sees a variety of patients, typically ages 6 to 103 treating a wide variety of conditions including overuse and sports injuries, spinal dysfunction, and post-surgical cases. Treatments include Massage Therapy, Manual Therapy, Soft Tissue Mobilization, Joint Mobilization, Myofascial Release, Core Stabilization, Functional and Return to Sport Training. The practice sees direct access patients, is credentialed and participates with Medicare and Worker’s Compensation.

The practice averages approximately 158 visits/month with approximately 4 new patients per month. Typically, patients are seen 2-3 times per week, and average length of care is 12 weeks.

FACILITIES
The practice is located in a strip mall in New Castle County Delaware very close to a local hospital and many interstate connections for easy access. It is an ADA compliant, highly secure, modern, clean, bright space with numerous windows. The 1168 square feet office includes an open gym area with 1 private treatment room although there is space for a second but smaller treatment room. It is fully equipped with exercise equipment, treadmill, recumbent bike, Elliptical machine, physio balls, US/ES and all in good to excellent condition. There is free ample parking including handicapped parking. The office hours currently are from 8:00 am to 8:00 pm, Monday through Friday with 24/7 access. The terms of the lease is $1800 per month and the landlord is willing to give a new lease to a qualified buyer of the practice.

IT CAPABILITIES
The office has been computerized since its initiation. Electronic Billing has been in place since 2005 and web-based Electronic Medical Recording since 2012.

CURRENT STAFF
Currently the staffing is limited to the owner. The owner has been splitting time between seeing patients and administrative/director duties. OSP also employs 1 office manager and has been using the same off-site biller since 2005. Although the office manager plans to stop working when the owner leaves both the owner and manager will stay on for a reasonable transition period.

FINANCIAL OVERVIEW Full financial information including but not limited to profit and loss statements, balance sheets, and tax returns for the last three years are available for inspection.

GROWTH OPPORTUNITIES
We believe there are numerous opportunities of growth for this practice.
(1) The office space itself is equipped to handle 2 Physical Therapists working simultaneously in private treatment rooms A new owner adding full- time PT would increase gross and revenue. While the practice does not provide telehealth this could boost growth.
(2) With the population aging, there is potential growth in treating seniors.
(3) Historically the practice has done little marketing or social media campaigning. Initiating a marketing agenda for new patients would have an immediate growth potential. Reaching out to the senior population would enhance growth.
(4) Other areas of growth would be to utilize the office on Saturday for increased flexibility for patient treatments and for continuing education.

ASKING PRICE and OFFERING TERMS Ask price is $98,000 with flexible terms. The owner is retiring and is looking for patients to have continuity and minimal disruption in their care.