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Thriving Physical Therapy Practice in the Heart of the Permian Basin

Midland County, TX

Seller Financing Available

listing image
Asking Price:$850,000
Gross Revenue:$853,879
Rent:$6,065/Month
Established Year:2020
Cash Flow:$215,000
Inventory:$3,500
FF&E:$10,000
Listing ID: 2284527Listing provided by BizBuySell
BUSINESS DESCRIPTION

Owner Operated Physical Therapy Business in Vibrant, Growing Community

We are a cash-based Physical Therapy practice located in the heart of the Permian Basin, specializing in comprehensive wellness and performance improvement. While our primary focus is on enhancing overall well-being and physical performance, we also provide expert care for post-injury rehabilitation as well as pre- and post-surgical recovery. We excel in orthopedic therapy but address the entire body, including specialized treatments for pelvic floor conditions.

Our highly skilled team, which includes 4 full-time Physical Therapists (3 Doctors of Physical Therapy and 1 Physical Therapy Assistant), a part-time administrative/financial professional and a remote virtual assistant.

By remaining independent from health insurance contracts, we prioritize personalized, hands-on care, with payment conveniently made at the time of service.

We have one large main clinic with gym equipment and three private rooms.

DETAILED INFORMATION
Location
Midland County, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
2,584
Lease Expiration
01/09/2027
Employees
6
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The main clinic is fully equipped for a wide range of physical therapy treatments, including specialized tables, a treadmill, a stationary cycle, free weights, and a cable column. There are three private rooms that can be used for services in which privacy is required. In addition to physical therapy, we also offer massage and stretch therapy, both in the clinic and at an offsite location. While the revenue and staffing for these additional services are not currently reflected in the numbers, we are open to including them in the overall purchase price.
Competition
The Permian Basin continues to experience rapid growth, yet remains significantly underserved, particularly in medical services. Our success in this community is driven by the severe shortage of healthcare professionals and the high-income demographics of the local population.
Growth & Expansion
There is significant growth potential across all areas of the business due to the shortage of medical services in the Permian Basin. While some individuals insist on using insurance, which we do not accept directly, we provide thorough documentation for those seeking reimbursement from their insurers. Although a few may choose not to come because we don’t accept insurance, this has not hindered our success. The area's high-income population has allowed us to thrive without needing to rely on insurance acceptance.
Financing
Preferably an all cash deal but open for discussion
Support & Training
We will provide up to 3 months of support, as needed, through in-person meetings, Zoom, or phone consultations. This includes administrative assistance, offered at a mutually agreed-upon consulting rate.
Reason for Selling
We want to move out of the area to be closer to family outside of Texas.
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Kent Miller
Phone Number
Kent Miller
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