Bronx Physical Therapy Practice for Sale due to Upcoming Relocation of Owner

Due to the upcoming relocation of the owner, an established Physical Therapy Practice is available for sale. This is a great opportunity to own a thriving practice with great potential, or establish a second location.

This practice has an outstanding reputation in the Mott Haven community of the Bronx NY  near the  a well known 138th Street, often considered the  heart of Bronx,  Over 80% of the patient case load are from walk-ins and the rest from the direct physical referrals as well as the neighborhood hospital and medical clinics.

The practice sees approximately 20-25 patients per day for 5 days a week  and currently accepts the following health insurances:
Healthfirst, Fidelis, Affinity, Metroplus, Medicare, Medicaid, Orthonet, Cigna, United Healthcare, Blue Cross Blue Shield, Amerigroup/Healthplus, GHI, Humana, Aetna, Oxford, Wellcare, VNS, Americhoice, 1199, 32BJ, NF, and W/C.

The  1200 square foot office  is in a store front on a busy block. It is wheelchair accessible and  well equipped. It consists of 5 treatment tables with a private rooms for privacy, horizontal leg press machine, cable column, UBE, treadmill, upright stationary bike, rebounder, plyometric boxes, physioballs, free weights and ankle weights, and electric stimulation/ultrasound unit, and cable TV in each room. There is a separate office and a front desk,  Basement space for storage included.  There is an  excellent AC system t/o the office as well as heated rooms. Each room has  its own sink ( hot and cold water ) for multiple purposes.

The professional staff consists of 1 full time therapist (clinic director) and 1 dedicated part time therapy assistant with a desire to stay after an acquisition. The practice is a turnkey operation with vital staff and standard operating procedures in place.

Additional info- Monthly rent for this office  is approximates $ 2900 and a 3% increase every year thereafter. There is 3 years left on the existing lease, which is transferrable and the landlord is very amenable to signing a new long term lease with the new owner.

The practice has consistently grossed approximately  $500,000 per year.   All furniture, fixtures, software, accurate databases of referral sources and patients, and
equipment necessary to operate the business are included.This is a tremendous opportunity for a Physical Therapist looking  for a solid foundation upon which to grow or have a thriving second location. The current owner is willing to stay on for a reasonable period for a transitional phase.

Ask price is $200,000.  For additional information, please contact the practice owner  directly at:  acpt2091@gmail.com

 

 

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