Physical Therapy Business Plan Template [Updated 2024]

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I. Executive Summary

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Business Overview

[Company Name], located in [insert location here] is a new physical therapy clinic that focuses on providing a holistic, personalized approach to each client’s treatment. The clinic offers
comprehensive services for those requiring physical therapy. Each session includes manual treatment, therapeutic exercise, patient education and behavioral-modification strategies. The clinic employs a highly-trained and skilled staff dedicated to increasing their clients’ quality of life through physical therapy.

Products Served

[Company Name] will provide physical therapy services for all ages. Services will include rehabilitative physical therapy, occupational physical therapy, geriatric physical therapy, and pediatric physical therapy.

Services are provided based on orders from the patient’s doctor and each therapist will be in close contact with the physician to update them on their progress, if they are having any issues and/or need to modify their therapy plan.

Customer Focus

[Company Name] will primarily serve the residents within a 5 to 10-mile radius of our location. The demographics of these residents are as follows:

  • 75,626 residents
  • Average income of $53,000
  • 52.6% married
  • 36.4% in Mgt./Professional occupations
  • Median age: 41 years

In addition, about 36% of the residents are seniors. This customer segment constitutes a large percentage of physical therapy patients.

Management Team

[Company Name] is led by [Founder’s Name] who has been a physical therapist for over 30 years. He has worked in hospitals, private practice, and other clinics in the community and has a very positive reputation. Not only does [Founder] have all the experience, qualifications, and training necessary, he has employed a qualified and experienced team of physical therapists who specialize in the many services [Company Name] has to offer.

Success Factors

[Company Name] is uniquely qualified to succeed due to the following reasons:

  • The location will be providing a valuable service to an underserved industry in the community. There are many residents seeking physical therapist options and they don’t have a lot of physical therapy clinics to choose from.
  • The location is in a high-volume area that is nearby to hospitals, other physician offices, and urgent care centers.
  • The management team has a track record of success in the physical therapy industry.
  • The pricing model is beneficial for everyone involved. Patients will feel they are receiving value for the therapy they are receiving and the clinic’s profit margin is wide.
  • [Company Name] will accept most insurances.

Financial Highlights

[Company Name] is seeking a total funding of $250,000 of debt capital to open its physical therapy clinic.

  • Physical therapy clinic design/build-out: $100,000
  • Equipment and supplies: $75,000
  • Working capital: $75,000 to pay for marketing, salaries, and lease costs until [Company Name] reaches break-even

Top line projections over the next five years are as follows:

Financial SummaryFY 1FY 2FY 3FY 4FY 5
Revenue$560,401 $782,152 $1,069,331 $1,379,434 $1,699,644
Total Expenses$328,233 $391,429 $552,149 $696,577 $776,687
EBITDA$232,168 $390,722 $517,182 $682,858 $922,956
Depreciation$7,000 $7,000 $7,000 $7,000 $7,000
EBIT$225,168 $383,722 $510,182 $675,858 $915,956
Interest$6,016 $5,264 $4,512 $3,760 $3,008
Pre Tax Income$219,152 $378,458 $505,670 $672,098 $912,948
Income Tax Expense$76,703 $132,460 $176,985 $235,234 $319,532
Net Income$142,449 $245,998 $328,686 $436,864 $593,416
Net Profit Margin25%31%31%32%35%

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