Factual data · GO/NO-GO verdict · Financial model calibrated over 18 months
A solo physiotherapy practice in La Rochelle generates 70K €-220K € € year 1, with net margin 30 %. A group practice (3-6 practitioners) generates 250-700K €, similar per-practitioner margin.
Dominant profile: touristique · balneaire · portuaire
Competitive density: moderate (first-mover advantage possible).
Dominant players: regulated public-insurance sector, few private chains.
Positioning recommendation: Premium positioning defensible thanks to comfortable sector margin.
| Indicator | Year 1 | Year 2 | Year 3 |
|---|---|---|---|
| Year 1 revenue | 70K € → 220K € | ×1,18 (ramp-up) | ×1,32 (steady-state) |
| Target net margin | negative to low | 26 % | 32 % |
| Working capital (days of revenue) | 45-60 d | 35-50 d | 30-45 d |
| Cumulative ROI | investment | ~50 % | Payback at 18 months |
These ratios are calibrated on MarketLens sector benchmarks and adjusted by local coefficients of La Rochelle (cost national average, income national average).
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