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: firstname.lastname@example.org