Physical therapy services - SBA Loan Approved for Sale

VR Business Sales NEW HAVEN, CT

Physical therapy services - SBA Loan Approved for Sale in New Haven County, CT

Reference #:	41980131
Location:	New Haven County, CT
Price:	$2,500,000
Amount Down:	$2,000,000
Revenues:	$2,591,052
Discretionary Earnings:	$854,033
Total Assets:	$0
Business Description:	This physical therapy services provider, which also provides occupational therapy and speech therapy, was founded in 2007 by a Physical Therapist who saw the need in many Home Health Care agencies to provide complete physical, occupational, and speech therapy services for their home-bound patients. The company contracts with its clients to provide these services by skilled, licensed, and insured professionals, saving its clients from the burden of establishing, administering, and funding these services for their patients. The firm has realized average annual revenue and earnings growth rates over the last three years of 59% and 33% respectively. It is expected to more than double earnings in 2011 on 42% revenue growth. The current owner wishes to find a buyer that will take over the management of the business so that he can focus on management and new client development while the acquiring company provides operational and marketing support to allow the business to continue to grow at rapid rates. Despite its growth, the firm still has significant opportunity to achieve full market penetration servicing home health care agencies in Connecticut. The firm also believes that other areas of the health care continuum, such as Skilled Nursing Facilities, Assisted Living Centers, and Out-patient Clinics require the same service and the firm has almost no presence in these markets. The business has been pre-approved by a bank for an SBA guaranteed loan of $2,000,000 for a qualified buyer.
Contact Us About This Business For Sale The information above has been provided by the seller and/or the seller's financial advisors and has not been verified by this independently owned office, its representative, or VR. This independently owned office, its representative, and VR make no warranty regarding the accuracy of this information and advises prospective buyers to conduct their own due diligence prior to purchasing any business.