Physical Therapy Practice/gym With Real Estate & Owner Financing
Okeechobee, FL
| Asking Price: | $1,399,000 |
| Gross Revenue: | $480,000 |
| Real Estate: | $800,000 |
| Cash Flow: | $200,000 |
| FF&E: | $250,000 |
Listing ID: 2204204Listing provided by BizBuySell
BUSINESS DESCRIPTION
Established PT practice with AMPLE opportunity to grow! The area is poised for residential growth and the Seller has indicated the need for additional therapists, both PT and OT. The facility is well maintained. The gym equipment can be removed if someone wanted to expand the therapy room as there is a separate, smaller equipment area towards the back of the building. The owner is planning to retire; however, she will stay on as a PT for a period of time to be determined, but up to the point where a new owner has transitioned with the patients/clientele. OWNER WILL SELL THE REAL ESTATE ONLY. Please contact Broker for details.
DETAILED INFORMATION
Location
Okeechobee, FL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
5,200
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
5,200 SF free-standing building on 1- acre (43,492 SF). The interior is oriented with a waiting area, a reception area, multiple offices, an exercise room, a pool room, a low-impact stretching room with floating soft cork-type floors, four restrooms, kitchenette, and a storage room. The interior fit-up consists of a combination of ceramic tile, commercial grade carpet and vinyl plank flooring, painted gypsum board walls, painted gypsum board ceilings as well as fluorescent lighting fixtures.
Growth & Expansion
The owner is the only licensed PT. There are multiple massage therapy rooms that can be rented out or made part of the practice. The owner has had the business for 20+ years and acknowledges that the practice can grow if a new buyer had the time, energy, and interest in hiring additional therapists.
Financing
Owner will finance with terms and conditions to be determined.
Support & Training
Owner will stay on for a period of time to ensure a smooth transition.
Reason for Selling
Retirement
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