SOLD!!!! COLORADO PHYSICAL THERAPY PRACTICE for SALE!
June 16, 2020
DETAILS and OVERVIEW
This well established and very highly regarded practice is ideally situated in Douglas County, Colorado. Over time, the practice has developed and earned an excellent reputation for involvement and support of all ages, offering a hybrid of community based and in office treatment. They have a big presence in sports, recreation, and wellness activities for school age athletes in all sports while also offering innovative programs for the area’s many active seniors. The office sees a majority of direct access patients with a strong track record of return business, word of mouth referrals and longstanding referral sources. The practice is credentialed and participates with well over ten insurance carriers, The practice sees a variety of patients, typically ages 9 to 65 treating a wide variety of conditions including overuse and sports injuries, spinal dysfunction, and post-surgical cases. Treatment includes Massage Therapy, Dry Needling, Pilates, Manual Therapy/ Soft Tissue Mobilization, Laser and Infrared Therapy, Custom Orthotics and Foot Evaluations, Core Stabilization, Alignment Training, Running Gait Analysis, Functional and Return to Sport Training. Post COVID, the practice is coming back very strong. In addition, during the closure, telehealth visits provided continuous care and contact with patients.
FACILITIES Unique to this practice, there is a longstanding satellite office within a gym, as well as a centrally located, 1500 plus square foot office in a modern ADA compliant, bright space with numerous windows and an all season patio. The office includes an open gym area with 3 private treatment rooms and 5 treatment tables. It is fully equipped with exercise equipment, treadmill, bike, Pilates reformer and chair, balance tools, balls, US/ES, cold laser and all in good to excellent condition. There is free ample parking including handicapped parking. The office is located within walking distance from center of town. The lease is reasonable and transferable. The office has been computerized since its initiation with longstanding EMR and electronic billing.
PRACTICE STATISTICS The practice consistently grosses over $400,00. The practice averages approximately 550 +visits/month, and 128 productive visits per week . They typically add over 48 new patients monthly, with most seen 1 to 2 times per week, Average length of care is 6-8 weeks. Full practice statistics and financials are available for review.
STAFF Although there have been some fluctuations in staffing due to COVID and re locations, there is one full time therapist in addition to the owner, and part time administrative staff, all eager to stay on under new ownership.
TERMS Ask price is $250,000 with reasonable terms considered. Full financial and practice analytics are available to serious and qualified buyers. The practice owner is open to flexible terms if there is a minimum down payment of 50% upon closing, with the remaining 50% paid in full within 24 months. The owner is committed to a successful transition and would stay on as needed for up to 6 months.
Serious inquiries only, please email Iris Kimberg MS PT OTR on behalf of the owner.