Turn Key Physical Therapy Clinic
Los Angeles, CA
We have a TURN?KEY Physical Therapy Clinic in the Los Angeles (mid?city) with multiple contracts in place to include One Call, Blue Shield, Medicare, Aetna, Cigna, California Primary Care, United Health,Medrisk, Optum and more. The clinic has been operating for the past 6 years in a 2100 square foot beautifully remodeled unit with three spacious treatment rooms, one private office, one kitchenette, a spacious receptionist area and an inviting waiting area. It is located on the first floor meaning that your clients will have no issues with accessibility. Also, if you wanted to add hydrotherapy– i.e., wound care – there are two locations in the clinic that you can access to make this adjunct possible. And, there are two separate rest rooms with a curb?less shower situated next to a laundry room. The seller currently has approximately $330,000.00 in liens (accounts receivables) which will be included in the sale price. Census: The clinic currently has lives – which will be part of the sale. The payor mix is: 10% Medicare, 40% HMO, 40% Lien, and 10% Private Pay. Lease: The current lease is at $4,200.00 per month with the lease terms running on an annual renewal basis based on the fiscal year (Jan?Dec) with a five?year option. There is plenty of free parking for your clients and staff. FFE: The clinic comes with over $70,000 in FFE with state?of?the art equipment in place to include power exam tables, tread mills, recumbent bicycles and much more. The clinic is a must?see for all serious buyers! Software: The clinic comes with an existing software platform in place – Optimis PT ?https://www.optimispt.com/ Marketing: The owner has established a very modern, easy to negotiate website which is essential to help market and drive business. He has also produced other marketing strategies to include a modern logo, informational brochures, and client glass water bottles with the clinic’s name engraved on them. Security: The owner has spared no expense in the remodeling with multiple modern security cameras with a CCTV monitor in the private office. Book of Business: It does not matter if you are newly minted clinician or a seasoned pro – this business creates an amazing competitive advantage since the owner has done all of the leg work for you with an existing book of referral sources to include a number of actively referring attorneys as well as nearby clinics that currently work with this Physical Therapy provider. Training: The owner understands the business and the operational/clinic aspects of the business – and what makes this very opportune is that he is willing to provide training to the new owner. Motivation: The motivation for the sale is that the seller is looking towards another business venture. Debt: The agency has no has liens, judgements against it; a UCC search will be done as a part of the escrow to verify this statement. Important: No confidential information will be released and or emailed with only an NDA in place. An LOI will also be limited into its exclusivity period and a limited LOI due diligence will be available in the seller’s office for review. Once you enter into a purchase agreement/formal escrow with earnest money deposited, the seller will completely open their confidential files for a complete due diligence. Seller Carry: The seller will be offering a seller?carry for qualified buyers. A qualified buyer will need to have a FICO Score of 740 or above, submit a loan application, and provide an equity rich real property as collateral; there will be an interest rate on the loan balance (abiding by California Usury laws); interest rate will be based on the buyer’s credit worthiness. The loan application will be handled by a third party and endorsed by an escrow company. The seller?carry deposit amount will be dependent on the buyer’s credit worthiness. It is imperative that ALL potential buyers: (1) Sign an NDA, (2) Provide Proof of Funds (redacted), (3) Provide a Buyer Profile and (4) understand that no direct communication with the clinical or administrative staff is expected as a part of the pre?due diligence phase of the sale. Please Note: The seller is responsible for proving the accuracy of any information provided to the buyer's satisfaction. Information contained in this document is provided solely by the seller. No representations or warranties are provided by Healthcare Biz Brokers, its agents, representatives, or subsidiaries as to the accuracy, completeness or validity of such information. Interested parties are encouraged to seek the counsel of their accountant, attorney and/or other business advisors. Cooperation limited to CalDRE Licensees with extensive experience in healthcare business sales.