Physical Therapy Service SBA Loan Approved For Sale

Business description

This physical therapy services provider, which also provides occupational therapy and speech therapy, was founded in 2007 by a Physical Therapist who saw the need in many Home Health Care agencies to provide complete physical, occupational, and speech therapy services for their home-bound patients. The company contracts with its clients to provide these services by skilled, licensed, and insured professionals, saving its clients from the burden of establishing, administering, and funding these services for their patients. The firm has realized average annual revenue and earnings growth rates over the last three years of 59% and 33% respectively. It is expected to more than double earnings in 2011 on 42% revenue growth. The current owner wishes to find a buyer that will take over the management of the business so that he can focus on management and new client development while the acquiring company provides operational and marketing support to allow the business to continue to grow at rapid rates. Despite its growth, the firm still has significant opportunity to achieve full market penetration servicing home health care agencies in Connecticut. The firm also believes that other areas of the health care continuum, such as Skilled Nursing Facilities, Assisted Living Centers, and Out-patient Clinics require the same service and the firm has almost no presence in these markets.

Property information

Location:

South Central Connecticut

Premises details:

Home based

Other information

Expansion potential:

Expansion could be geographical, and also penetrate SNFs, Assisted Living Centers, out-patient PT practices. Baby boomer market growth!

Competition / Market:

Only one much smaller service in area providing in-home therapy services

Support & training:

The current owner would like to stay with the business in management and market development.

Reasons for selling:

Owner wants fewer hours, currently works 60-80 hours per week

Trading hours:

7 days as needed

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner will consider some financing