Successfully acquiring a physical therapy practice with Jerry Yoo

On today’s episode, I speak with Dr. Jerry Yoo. He is the Founder and CEO of Next Level Physio, which is a hybrid physiotherapy-fitness practice devoted to helping active women and men over 40 and their families stay active and fit without medication or surgery. Next Level Physio’s mission is personal development and transformation through physio, fitness, and community with like-minded people who want to reach their next level.  With two locations in New Jersey- Woodcliff Lake and Montclair, Dr. Yoo is currently looking to open a third location in Cary, NC. Dr. Yoo received his Master’s in PT in 2001 from Columbia University and his Doctorate in Physiotherapy from Rutgers University in 2004. He also holds additional certifications in Crossfit, Dry Needling, the Mulligan Concept, SFMA-FMS, and Pose running. As a multisport athlete, Dr. Yoo has competed in triathlons and Spartan races for many years and is passionate about living and preaching the fitness lifestyle. Jerry shares a valuable perspective on business and physical therapy practices. You don’t want to miss this interview!

We talk about: -ending partnerships -different ways of growing a business -working with the right people -converting to a cash-based practice -moving to North Carolina -acquiring another practice -advantages to acquiring for growth

TIME STAMPS: 1:00 Intro 4:11 deciding to work with a partner 9:30 how mindset has changed 11:00 going cash-based 14:45 running businesses without being there 18:10 having students in your practice 20:44 Business updates 29:50 what made the acquisition work 33:14 challenges he faced 35:50 how to finance purchasing a practice 39:05 plans going forward with the new practice 44:00 advice for other PTs and business owners

Connect with Jerry: Website: https://www.gonextlevelphysio.com Instagram: https://www.instagram.com/trijerrydpt/ Facebook: https://www.facebook.com/Adaptptnj

Connect with Aaron: Facebook: https://www.facebook.com/AaronLeBauer Instagram: https://www.instagram.com/aaronlebauer/ CashPT Nation FB Group: https://www.facebook.com/groups/CashPTNation

If you are ready to launch and grow a Cash PT practice, DM me “Blueprint” to get started!   Plus: Whenever you’re ready… here are 3 ways I can help you grow your coaching business: Grab a free copy of my book It’s the road map to launch, grow & scale your physical therapy business. -> Click Here Join our CashPT Blueprint Program and be a Case Study. I’m putting together a new coaching case study group this month and if you’d like to work with me on your client-getting and scale plans… just send me a message at m.me/AaronLeBauer with the words “Blueprint”. Work with me and my team privately If you’d like to work directly with me and my team to take you to 6 or 7 figures… just send me a message at m.me/AaronLeBauer with...