Fantastic Opportunity to Buy a Highly Regarded Multidisciplinary Pediatric Practice in North Carolina with a Specialty in Cranial Band Therapy

Overview and Description 
After 17 years, Susan Klemm, MS, OTR/L, Founder of CAROLINA KINDER DEVELOPMENT is ready to sell her unique practice that she has grown from a solo company to one of the most well-known practices not only in North Carolina, but in the USA.  With two locations, the practice is devoted to the head shape, feeding, speech, and developmental needs of infants through the early years. They are experts at the prevention and treatment of torticollis, plagiocephaly, and brachycephaly, including cranial band treatment when needed. Additional areas of expertise include lagging development, early infant and childhood feeding, speech, fine motor, handwriting, and parent education classes.
Services include PT, OT ST. Cranial Band treatment. Feeding Therapy. Craniosacral Therapy (CST). Parent Education Classes.
Typically, the practice averages approximately 825 productive visits per week and receives approximately 120 new patients per month. Referrals are received from medical professionals including pediatricians, nurse practitioner’s chiropractor, nurse educators, and lactation consultants.  Self-referral from infancy to later needs is common as is word of mouth from neighbors and friends. The practice consistently generates over $1.75 M and is currently in-network with BCBS, Aetna, Medcost, and an arrangement with TriCare.
Facilities – Both locations are in well populated, residential and commercial areas that are easily accessible via transportation. Office hours for both locations are 7am to 6pm M- Friday with occasional Saturday hours.  Location 1 is housed in a freestanding ramped historical commercial building that was originally a home.  With abundant natural light, the space is clean and well-appointed with a professional warmth. The 2100 square feet office includes 6 treatment rooms including a sensory gym.  There is a therapist office, 2 bathrooms, a foyer, and an administrative office.  There is ample storage areas and a microwave and refrigerator.  The location has is a large porch and an attractive partially fenced natural area suitable for therapy.  The parking lot has sufficient parking for the caseload plus 3 employee spots.  The additional employees and clients park in nearby free on street or garage parking.

Please note that the practice owner owns this property and ideally would like to sell the building in a separate traction to the buyer of the practice but open to leasing to new owner for a period depending on terms.  Terms of lease is $4600 plus repairs and maintenance.

Location 2, housed on the first floor of an office building within a commercial office park is approximately 1850 square feet office with floor to ceiling windows, 5 treatment rooms, and a small tunnel entrance to the sensory gym. There is a staff lounge/therapist office. The administrative area is part of the large foyer area. There is a kitchenette. There are 3 ample storage areas. The entrance is directly off the lobby and has welcoming double doors with glass side panels. There are 3 ample storage areas. Terms of the lease are $3,300 per month with approximately 1 year left. The lease is transferable and renewable. A full copy of the lease is available for inspection.
IT Capacities –The practice is tech forward, utilizing electronic billing via an electronic medical record system. CorPay and Intuit/QuickBooks are in use.  There are 2 Fire walls, 2 Leased Printers, approximately 15 laptops, and 3 Wireless Routers. Paychex manages the payroll, employee health insurance, 401k, and HR concerns.
Current Staff: There are 4 Full-time Physical Therapists, 1 part time Physical Therapist, 2 Full-time Occupational Therapists, 1 Part-time Occupational Therapist shifting to full time on May 1, Full-time Speech Therapists, 1 Full- time Office Manager, 3 full time front desk coordinators and one part time front desk coordinator. The likelihood of staff staying on under new stewardship is excellent.
Financial Overview:  Profit and loss statements, balance sheets, and tax returns for the last three years are available for inspection. The gross revenue for the company consistently increases and was $1.8 million for 2023.  Carolina Kinder Development does not have any debt.
Growth Opportunities:  There are numerous opportunities of growth for this practice including expansion of practice locations, adding additional in network contracts, growing the secondary revenue streams for parent education, and other online programs and products, and expanding the therapist intensive training program.
Terms:  The practice owner is firmly committed to finding the right buyer who can continue to grow and develop this unique practice. The ask price is $585,000.00 with reasonable terms considered.

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