Vinny and Janie Schneider of the Center for Physical Therapy and Sports Medicine. (Courtesy Janine Schneider)
More than two years after buying their first physical therapy center near Innsbrook, a husband-and-wife team has expanded south of the river with the purchase of another practice.
Janie and Vinny Schneider recently bought Chesterfield Physical Therapy and Massage at 1300 Alverser Plaza and are rebranding it as the second location of their Center for Physical Therapy and Sports Medicine.
Terms of the Chesterfield acquisition, which included the business and the property where it’s located, weren’t disclosed. The seller was Janet Knowles, who founded the practice more than 30 years ago.
Janie said she and Vinny, both physical therapists themselves, had been planning to expand with a second location when they got an unsolicited offer from Knowles to buy the business. That offer in the fall led to a deal that closed in early March.
“It just kind of fell into our lap,” Janie said. “She wanted to sell it to physical therapists that had some experience and didn’t want to sell it to a bigger corporation or anything like that. I think she realized that we were the ones who would put in the hard work for years to come.”
Janie said the Schneiders paid cash for the clinic and financed the real estate side of the deal with a loan from Atlantic Union Bank. The Chesterfield clinic occupies a 3,600-square-foot condo unit that the Schneiders bought through an LLC for $808,000, according to online land records. The clinic’s unit is part of a larger retail building in the Alverser Plaza shopping center. The center is also home to Funktastic Meads and salon Belle Cabana, among others.
New equipment purchased for the Chesterfield location and plans for renovations over the summer are expected to cost a combined $100,000-$150,000, Janie said.
The Chesterfield practice adds to the Schneiders’ Center for Physical Therapy and Sports Medicine at 3920 Springfield Road near Innsbrook, which they bought in late 2022 and continue to operate. Janie worked at that clinic for six years before becoming an owner there.
The Henrico clinic had also been a long-running business, and Janie said she and Vinny liked the idea of buying an existing business for their expansion instead of starting a new location from scratch. Doing so allows them to tap into the existing company’s client base and momentum.
“People want to go where their friends have gone, or where their family has gone, where they have gotten a good experience,” Janie said. “We have two young kids, so it’s been a little bit easier to come in where it’s already established. Obviously, it’s more expensive, but it’s a quicker turnaround versus waiting a couple years for things to really get going.”
The company offers services such as post-surgical rehab, therapeutic exercises, vestibular rehab and dry needling, its website states.
Seven employees, three of them physical therapists, came over to the company with the acquisition of the Chesterfield clinic. The company has 17 employees across both locations, not counting the owners.
Vinny and Janie Schneider of the Center for Physical Therapy and Sports Medicine. (Courtesy Janine Schneider)
More than two years after buying their first physical therapy center near Innsbrook, a husband-and-wife team has expanded south of the river with the purchase of another practice.
Janie and Vinny Schneider recently bought Chesterfield Physical Therapy and Massage at 1300 Alverser Plaza and are rebranding it as the second location of their Center for Physical Therapy and Sports Medicine.
Terms of the Chesterfield acquisition, which included the business and the property where it’s located, weren’t disclosed. The seller was Janet Knowles, who founded the practice more than 30 years ago.
Janie said she and Vinny, both physical therapists themselves, had been planning to expand with a second location when they got an unsolicited offer from Knowles to buy the business. That offer in the fall led to a deal that closed in early March.
“It just kind of fell into our lap,” Janie said. “She wanted to sell it to physical therapists that had some experience and didn’t want to sell it to a bigger corporation or anything like that. I think she realized that we were the ones who would put in the hard work for years to come.”
Janie said the Schneiders paid cash for the clinic and financed the real estate side of the deal with a loan from Atlantic Union Bank. The Chesterfield clinic occupies a 3,600-square-foot condo unit that the Schneiders bought through an LLC for $808,000, according to online land records. The clinic’s unit is part of a larger retail building in the Alverser Plaza shopping center. The center is also home to Funktastic Meads and salon Belle Cabana, among others.
New equipment purchased for the Chesterfield location and plans for renovations over the summer are expected to cost a combined $100,000-$150,000, Janie said.
The Chesterfield practice adds to the Schneiders’ Center for Physical Therapy and Sports Medicine at 3920 Springfield Road near Innsbrook, which they bought in late 2022 and continue to operate. Janie worked at that clinic for six years before becoming an owner there.
The Henrico clinic had also been a long-running business, and Janie said she and Vinny liked the idea of buying an existing business for their expansion instead of starting a new location from scratch. Doing so allows them to tap into the existing company’s client base and momentum.
“People want to go where their friends have gone, or where their family has gone, where they have gotten a good experience,” Janie said. “We have two young kids, so it’s been a little bit easier to come in where it’s already established. Obviously, it’s more expensive, but it’s a quicker turnaround versus waiting a couple years for things to really get going.”
The company offers services such as post-surgical rehab, therapeutic exercises, vestibular rehab and dry needling, its website states.
Seven employees, three of them physical therapists, came over to the company with the acquisition of the Chesterfield clinic. The company has 17 employees across both locations, not counting the owners.
Janie and Vinny are fabulous – congratulations, you two!
That’s a good practice they bought. It is right around the corner from my office. I showed up there unsolicited once, having had someone suggest I needed PT, and they took me on for a few sessions. I enjoyed those sessions, at least as much as one can “enjoy” PT.