Fully describe the business's activities?
An established Physiotherapist in Pretoria North. The owner has grown the practice for five years with great success. The practice is situated in a busy medical centre with 5x GP's, Dentist, Dietitian, etc and is well-known in the neighbourhood. The owner is a full-time physiotherapist working in the business.
How long has the business been established?
The practice has been established for more than 15 years.
How long has the owner had the business?
Owner has been running the business for five years.
How does the business operate on a daily basis?
The owner is the only full-time physiotherapist in the practice and works flexible hours when there are patients. Prior to covid there was another physio employed for one year. Mainly treats neck and back, and sport related injuries and lung treatments
How are the clients attracted to the business?
There are five GP's in the centre that refers. Word of mouth Website
What Advertising/Marketing is carried out?
Advertising was never needed
What competition exists?
There are two other physio's in the area.
What are the seasonal trends?
The beginning of the year is busy as people still have funds on their medical aids. Winter times are busy with lung treatments. December also tend to be busier.
How did the Covid-19 pandemic impact the business turnover / daily operations?
It was a bit quieter. During Level 5 worked only half day
Is the business VAT Registered?
What Balance Sheet and Income Statements are available?
Income Statements from 2016 - 2020
What percentage of the business is cash/credit?
Employs a lady who handles claims from medical aid. Salary of R2300 plus 3% commission on money received. 60% paid by medical aid EFT 20% Cash 20%
What is the age analysis of the debtors book?
Approximately R36 000
How could the profitability of the business be improved?
Employing more physio's
Is Seller finance available and for what amount?
No, cash offers only will be considered
What is the total staff complement?
Completely owner run.
When does the current lease end?
Current lease ends in 2027
Is there an option of renewal & what period?
What is the annual escalation %?
What are the trading hours?
Not fixed but as per client bookings. Normally 8:00 to 17:00 and Saturdays when necessary
What is the square meters of the business?
Is a copy of the lease available?
Yes, we have a copy on file
Do you require a licence?
Registered with HPCSA and SASP
What lease deposit and/or other surety is required?
About R17 500 deposit
What are the main assets of the business?
All assets to run a fully fledged practice with 4x cubicles are included. Own reception and kitchen. A full asset list is on file.
How have they been valued ?
Replacement value of R65 000
Are they presently insured?
Assets are no insured
Established practice situated in modern medical practice. Around 300 regular clients Fully furnished and good system in place
Fully owner operated.
Employing more physio's
National Health Insurance Act
What is the reason for the sale?
Owner is emmigrating
Why is this a good business?
This is an established physiotherapist practice in a busy medical centre with existing patients and the opportunity of referrals Owner is available for a three month handover period (salary to be negotiated). Room to grow.
What is the price plus stock and the profit?
Selling price of R730 000 negotiable
Annual Turnover Amount between R 500 thousand and R 6 million