KEY METRICS:
Listing #31198
Asking Price:
$1,200,000
Last FY Revenue:
$680,500
Adjusted EBITDA:
$390,000
Location:
Central TX
Established Cash-Based Physical Therapy Practice
Business Overview
Well-established, cash-based physical therapy practice serving the greater Austin market for over 20 years, offering significant near-term growth and expansion potential. The company operates from two high-traffic locations in desirable submarkets and has built a reputation for results-oriented, one-on-one manual therapy. The model is operationally simple, premium positioned, and well suited for a buyer seeking both stable cash flow and scalable upside.
The clinic operates outside of the traditional insurance model. All services are delivered on a direct-pay basis, eliminating reimbursement delays, billing complexity, and third-party payor exposure. Standard sessions are one hour in length and positioned at the premium end of the market, supporting strong margins and consistent cash flow.
Revenue has remained stable over the past three fiscal years, ranging from approximately $675K to $692K. Seller’s Discretionary Earnings have averaged approximately $390K over the same period, with margins in the mid-to-high 50% range. Detailed financial recast available for qualified buyers.
The practice maintains a database of thousands of past and active clients, with an approximate 50/50 mix of repeat and new patients. Referrals are driven primarily by word of mouth, physicians, and athletic coaches. There has been minimal investment in formal digital marketing or paid advertising to date, creating identifiable upside for a buyer who implements structured online marketing, referral campaigns, or brand expansion strategies.
Operations are lean and stable. The team includes an experienced full-time physical therapist and administrative support staff. The seller indicates the business is not operationally dependent on his continued involvement and is willing to provide transition support as needed.
The company is not dependent on complex vendor relationships, maintains minimal inventory, and operates from two leased, fully utilized clinical spaces totaling approximately 1,200 SQFT with three treatment rooms in Location A and 500 SQFT with one room in Location B. The staff includes one additional highly experienced full-time physical therapist with over 25 years of experience and an administrative coordinator.
The seller is pursuing retirement.
Buyer Profile:
Licensed physical therapist seeking ownership of a high-margin, direct-pay practice
Regional operator expanding into the Austin market
Strategic buyer interested in scaling a cash-based healthcare model
Expansion pathways include adding therapists, extending operating hours, formalizing digital marketing efforts, and replicating the model in adjacent markets.
Additional details, including financial documentation and location specifics, will be provided to qualified buyers upon execution of a Non-Disclosure Agreement and completion of a buyer profile.
Frequently Asked Questions
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What are the next steps in terms of advisory & process
Your next step is simple: sign an NDA to unlock confidential details and begin your buyer journey. Fill out the NDA Request form or contact your advisor to receive the NDA and personalized guidance through every stage of the process.
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Who will I be working with during this process?
You will work directly with our Primary Listing Advisor, Sarah Mitchell, who will guide you through every stage. If additional expertise is needed, our Senior Advisor, John Carter, will also be available to support your transaction.
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What Does “Open” Mean in Our Listings?
When you see “Open*” as the asking price on a listing, it means we have not set a specific list price for that business. Instead, our team has thoroughly reviewed current market value ranges with the seller and, in most cases, completed a “pre-flight” with one or more lenders. Sellers have a clear expectation of value, but “Open” signals their willingness to review and consider all reasonable offers. We encourage buyers to conduct their own market research and submit offers. This approach fosters flexibility and creates opportunities for buyers and sellers to find the best fit.
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What information is required to receive full details?
To access the full details of this opportunity, we require basic information about your buyer criteria and a signed non-disclosure agreement (NDA). Please review our NDA form for specifics, but in short, providing your acquisition interests and completing the NDA are the key steps.
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How is confidentiality maintained?
Confidentiality is a top priority throughout our process. We do not sell or share your information with third parties. For more details on how we protect your privacy, please see our privacy policy.
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What is the typical timeline for a transaction?
For most buyers, the typical timeline to close a transaction is 30 to 90 days after an offer has been accepted. This period includes due diligence, financing arrangements, and finalizing the purchase agreement.
