This is an exciting opportunity to own an established and rapidly growing speech-language and occupational therapy practice located in Gwinnett County. The practice offers a full spectrum of speech and language services for both children and adults, providing individuals with specialized speech, occupational and behavioral related services. The practice provides services to individuals with a variety of needs including stroke, autism, dyslexia, apraxia of speech and developmental disabilities. The owner has carefully hired a highly competent staff of therapists who have cared for hundreds of patients. They strive to make each patient feel at ease and comfortable with their therapy sessions. The business was voted the best of Gwinnett County for years 2016 through 2018. The current owner does not work at the practice (absentee ownership) and does not have any of her own patients. This business is perfect for a therapist looking to make a move out on their own or an existing therapy practice to acquire a profitable business with rapidly increasing sales. There is a strong staff in place that enables the current owner to oversee the business from home. The administrative staff handles the daily business operations and the licensed therapists see patients. The business has experienced rapidly increasing sales growth over the past year and the owner has expanded the office suite twice since 2015. The business has not reached its potential as there are numerous ways to continue to grow the business. In addition, the medical sector is not dependent on the economy and will continue to grow along with the population growth in Gwinnett County. The office space is 3,900 square feet. The rent, including CAM and water, is $3,926 per month. The lease expires December 31, 2019 and there is an option to renew for 1 additional year. The space is well designed and divided into 2 sections. One section is dedicated to children's speech and language therapy and includes 6 therapy rooms, a resource room, a materials room and a kitchenette. The 2 nd section is the adult speech therapy and adult/child occupational therapy area. This section consists of 2 occupation therapy rooms, an adult therapy room and a kitchenette. The office space also includes an administrative office, owner's office and a staff kitchen. Currently, there is an adjacent 1,300 square foot vacant office space available for expansion. For additional information, contact Michael Golkin at 404-903-8553.


Property Type: Retail
Property Use: Use in a Business
Listing ID: C293SQ
Style: Retail Business
Area Description

Area Description: The practice provides unique children's and adult therapy services utilizing a specialized behavioral approach. Using proven researched based tests and employing best practice methodologies they provide services to clients with a variety of speech, language and oral-motor needs. The philosophy behind their approach to treatment is unique to the industry, differentiating them from the competition. The practice hires therapists that have qualifications in addition to standard speech-language pathology certifications which enables them to provide services based on the businesses specialized approach to patient care. They are trained and certified in specialty areas essential to providing services resulting in a unique and well-rounded perspective. New ownership can increase revenue by growing the adult therapy services which is approximately 5% of the revenues. The entire practice can grow by proactively marketing to adult day care centers and hospitals to develop referral relationships. Currently, most clients are referred from in-network insurance plans.

Financials
Gross Income: $543,673
Cash Flow: $143,673