Speech, Physical and Occupational Group Therapy Practice For Sale
High Growth Potential for Owner/Administrator
Middlesex County, Massachusetts
Listing Number: 1552
Asking Price: $199,000
Gross Revenue: $685,000
Cash Flow: $96,500
A qualified buyer should be able to get an SBA 7A loan with 10% down.
This is a terrific opportunity to own and grow a highly respected group practice of speech-language pathologists, physical therapists and occupational therapists. Established over 40 years ago, this practice offers comprehensive services addressing a spectrum of patient needs, primarily off-site.The clinicians provide services within schools, workshops, day habilitation programs, assisted living centers, and nursing homes. The therapists work with children in Head Start and Early Intervention (EI) programs. Additional services, such as American Sign Language classes, accent reduction, as well as private patient cases are offered on-site. The office is easily accessible just west of Boston by several major communicating routes and has dedicated parking. Hearing screenings are periodically offered off-site.
The absentee owner is retiring, creating a great opportunity for an owner/administrator to increase revenues and improve operating efficiencies.
An experienced business person should be able to identify operating inefficiencies to quickly improve profitability. Developing relationships with the growing number of homecare providers, hospitals and/or schools could further increase revenue; the practice’s long-standing reputation in the healthcare community should allow for this.
Support & Training: Seller will provide training and support.
Reason Selling: Retirement
Employees: 1 FT and 10 PT, Plus 16 PT Contractors