Established Cash-Based Physical Therapy Practice | Two Austin-Area Locations – ID 31198

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.