Physical Therapy Clinic – Outer Hawaii Island
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).
Listing ID: HI PT
Location: Hawaii (Outer Island Confidential)
Type of Entity: HI corporation
Year Established: 2001
Industry: Medical Services - Outpatient Physical Therapy
Asking Price: $295,000
Tangible Assets (F,F&E): $40,700
Non-Compete: 5 years
Training: Two (2) weeks
Sale Reason: Relocation to mainland
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
3 excluding owner
2 physical therapists
1 office manager
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
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?