NEW FOR SALE

Occupational Therapy Business for Sale

NEW FOR SALE


Occupational Therapy business for Sale


Medical Business Brokers is exclusively selling this NDIS Registered Occupational Therapy practice on the NSW Mid North Coast. Set is a large provincial town offering excellent lifestyle and living costs this young business has served the owner well however it is time for them to relocate overseas. The practice is operated by a single OT who works by choice around 25 hours a week and has built a fast turnover in excess of $100K per annum with next to no costs. The business has several contracts in place with an insurance company and other rehab groups on an SLA however to date this revenue is largely untapped at present. The owner has the business registered as an accredited NDIS provider and as this income stream its more profitable it has been pursued. The owner currently turns away work from both NDIS and the insurer due to family commitments. With the OT seeing patients at their own homes, this business has little to no overheads which sees the owner earning a full time market wage working part time hours. Significant scope exists here for a buyer to take this business to full time and increase earnings substantially. The business is all ready for a commercially minded practitioner or owner to also introduce a contracting workforce to cover more of the NDIS load. The owner can offer a solid hand over including templates and files for the NDIS audit preparation. Current NDIS registration is set to expire in February 2022. For current OT’s that are working for a wage, now is your time to take over this opportunity, double your earnings and grow a stable business. Vendor finance may also be an option.

Key Points

  •  Single Practitioner OT – will depart after handover as relocating overseas
  •  In excess of $100K turnover working average of 25 hours a week
  •  NDIS registered provider until Feb 2022 – turning away work
  •  Owner profit c$90,000 per annum
  •  Minimal to non existent costs due to working from home base and visiting clients in their residences
  •  Substantial upside for single practitioner
  •  Ability to grow a contracting workforce
  •  Strong handover including NDIS audit templates and preparation for a new owner

Priced to sell at $50,000 (no GST)

Complete the Confidentiality Agreement below for more information

Confidentiality Agreement

  • I/We, being the people named in the Schedule set out below, acknowledge that we are prospective Buyers of businesses described in the Schedule and of other businesses of which Medical Business Brokers Pty Ltd and its agents have brought to our attention and in consideration of you and the Seller allowing us to inspect a business profile and other material relating to the businesses and / or the Seller’s agreement and your arrangement on the Seller’s behalf to allow us to inspect the businesses we acknowledge and agree as follows:
    1. The business profile and material may include:
    (a) Non verified and unaudited trading results and or profit and loss reports, balance sheets, budgets and forecasts
    (b) Industry information, costs/expenses, projected trading estimations, sales, marketing and employment details

    2. That the profile and its information are to be used and accepted as a guide only. All information contained in it, is our responsibility to verify and confirm, and we agree not to hold Medical Business Brokers Pty Ltd and or its salespersons and authorised personnel responsible for its accuracy, liability, or loss suffered by us in relation to the information contained in the profile.

    3. The business profile and material and all things connected and related to this material are Confidential and we agree not to disclose them to any other person except our legal, accounting, financial advisers and bankers but then only on the basis that they have to provide to us their agreement prior to receipt of the material to keep this information confidential unless the Seller’s prior written consent is first had and obtained to disclosure of this material to that party.

    4. We acknowledge, that as a result of perusing the business profile and material, and during the course of the inspection of the business we will become aware of information regarding the operation of the business and in particular the marketing of the business which is personal to the seller and which has real financial value to the Seller. We acknowledge that should such information become known to the Seller’s competitors or other parties interested in setting up a similar business in opposition to the Seller or used by ourselves in the operation of a similar business that these actions could cause financial hardship to the Seller and therefore the Seller might seek compensation. Except when particular information is unique to an industry and all like organisations and businesses would under normal operational circumstances become aware of such information do and conduct such business operations in the course of their endeavours.

    5. All inspections of the business are to be by appointment, arranged through Medical Business Brokers only, and we agree not to attempt to inspect the business or the premises upon which the business is carried on, or contact the Seller direct other than through and with Medical Business Brokers agents. I/We have been introduced to the business[es] by Medical Business Brokers Pty Ltd and or its personnel.

    6. We acknowledge that Medical Business Brokers is the agent for the seller and that all offers, correspondence and deposits are to be transacted through Medical Business Brokers unless specified otherwise in writing.

    7. We acknowledge that if we buy directly from the seller or introduce a 3rd party to the seller who subsequently buys an introduced business then we will be liable to pay and agree to pay any commissions or sale fees that Medical Business Brokers may lose as a result of the direct transaction.

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