Physical Therapy Clinic – Outer Hawaii Island

EXECUTIVE SUMMARY

 

This Physical Therapy Clinic, located on one of Hawaii’s outer islands, has been a long tenured (opened 2001), well known and preferred outpatient physical therapy provider in this market for many years.   It is being offered for sale due to the owner’s pending relocation to the mainland.

 

Located close to many patients, in a well decorated and productive 1,000 sq. ft. leased space, which was just remodeled in 2019, it has 2 private treatment rooms, 3 total treatment areas, Gym area and Waiting area and it has ample and free parking.

 

The clinic has all the required medical equipment to provide excellent medical treatment to patients and has two full-time physical therapists (other than the owner) and a full-time office manager.

 

They are open Monday through Friday for 56 hours.  The owner normally works about 30 to 40 hours per week and he takes 6 to 8 weeks of vacation per year.

 

In 2019 they had over 5,000 patient-visits which produced $448,330 of revenue and $129,069 of owner’s profits (Seller’s Discretionary Earnings).

COMPANY

Listing ID:  HI PT

Location: Hawaii (Outer Island Confidential)

Type of Entity:  HI corporation

Year Established: 2001

Industry: Medical Services - Outpatient Physical Therapy  

 

FINANCIAL SUMMARY

    2019 QB

Revenue: $448,197

SDE: $129,069

 

OFFERING SUMMARY

Asking Price:  $225,000

Tangible Assets (F,F&E): $40,700

Inventory: None

Non-Compete: 5 years

Training: Two (2) weeks

Sale Reason: Relocation to mainland

 

LOCATION DETAILS

Leased

Monthly Rent: $3,220.69 includes CAM & GET

($38,648 per year; $39.56 per sq. ft./yr.)

Sq. Ft.: 977

Lease Expiration Date: 3/31/2021

Other Location Info:

  • Good landlord relations

  • Well decorated and close to patients

  • Ample and free parking

EMPLOYEES

3 excluding owner

2 physical therapists

1 office manager

 

INVESTMENT HIGHLIGHTS

  • Attractively Priced

  • Well established and well known on Maui for over 15 years

  • Large provider list of physicians

  • Great upcountry Maui location, good parking

  • Large number of local clientele, which minimizes fluctuations during the tourist season

  • Strong and experienced operating team

    • Office manager: 15 yr. tenure

    • 2 full time physical therapists

    • Outside Biller with over 10 yrs. Experience

    • Outside Bookkeeper – 15 yrs.

    • Tax accountant – 15 yrs.

  • Large market to expand business

Well established orthopedic and vestibular programs

 

TRADING HOURS

Monday to Friday

 

This clinic is being offered on a fully turnkey basis.

 

Please contact us to get a very detailed Confidential Business Profile which includes all relevant financial and business information.

 

Is now the time to own your practice in Hawaii’s paradise?

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