Asking Price: $550,000
| Weighted Revenue | $1,300,000 | Established | 1990 |
|---|---|---|---|
| Weighted SDE | $170,000 | Employees | 25 |
| Working Capital | $45,000 | Location | Dallas Fort-Worth Metroplex |
The company is a pediatric therapy services provider based in Fort Worth, Texas, specializing in speech, occupational, and physical therapy for students in public and private schools. The Company operates under year-long contracts with independent school districts (ISDs), typically renewed annually, and maintains a long-standing reputation for reliability and clinical quality. Ownership’s role is limited to financial oversight, allowing the Company to operate independently under established leadership.
Top Things to Know About the Business
- Business Model: The company specializes in providing therapy and professional services to both private and public-school districts. Therapists work inside schools during school days.
- Customer Base: Company works with school districts and have preferred/approved vendor statuses
- Licenses: No special licensing or credentials are needed to own and/or run the company unless a new owner would like to practice within the business.
- Time Commitment: The current owner does not work in the business, but it is advisable that a new owner be hands-on in the business.
- Lifestyle Business: Since the company only serves school districts, they operate on a school calendar including an extended summer break in which a new owner can travel among other things
- Competition: There isn’t any ‘pure play’ competitors in the local market. There are generic staffing companies that will staff therapists to fill voids but do not train and specialize in pediatric therapy.
- Contracts: Customers operate on year-long contracts that are renewed annually.
Business Model
Company hires therapists and pays them for each child per hour. Therapists are only paid when they work. Given the company receives money only when school is in session, the owners do not have to worry about labor costs during those lean months (i.e. summer and winter breaks).
Ideal Buyer Candidates
- An individual who either current works in or wants to work in the therapy sector.
- A related company looking to get into the therapy space.
- A startup or established strategic company looking to grow through acquisitions.
Support and Training
- The owner genuinely desires an effective business transition and with seamless customer service through to the buyer. They will train a buyer for 30 days.
Reason for Selling
- The owner purchased this business in 2017 with the goal of leaving the legal profession and running the business full-time. At that time, the previous owner’s wife was part of the office staff and didn’t mind staying on board. The owner kept her on board and continued to practice law. It was at this time that his law career became rejuvenated with several successful cases. Each success in his legal profession started demanding more time which meant less time for the business. The business was essentially running itself. But because this business was being run absentee, normal attrition of clients without any effort to replace them started to have a negative effect on the financials of the business. The owner realizes that he hasn’t been able to operate both businesses successfully and decided it was time to sell this business to someone who had the time to run it correctly.
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