A very well established, highly regarded pediatric OT private practice in a PRIME MANHATTAN LOCATION is available for sale. This is a great opportunity to purchase a wonderful practice or establish a second location if you are in another borough.
|This well established and highly regarded pediatric occupational therapy private practice is being offered for sale. For the past several years, at the owner’s decision, the practice has downsized to part time status but can easily gear up to full time status. The practice has a comprehensive database of former patients dating back over 10 years, extensive referral sources, and part time staff eager to stay on at the practice under new ownership.
The practice enjoys a stellar reputation with local physicians, schools, and colleagues for its individualized care and unique treatment approach. The practice’s central location in a PRIME location in Manhattan is in close proximity to multiple private nursery schools, private and public elementary schools, and pediatrician practices in a family-centric neighborhood. It is easily accessible by public transportation.
There is a 24-hour concierge desk in the lobby. The office is a clean, bright space with numerous windows. The 900 square feet office includes 4 rooms plus a full bathroom: a sensory gym with fine motor activity table; another large treatment room used for formal evaluation, fine motor treatment of both older and younger children, and gross motor activities; a 3-person office; and an outfitted waiting room that accommodates up to 4 adults + children comfortably. The lease is reasonable and transferable. There is over $20,000 in equipment included in the sale, including suspension equipment.
Full financial information including but not limited to full practice statistics, profit and loss statements, balance sheets, and tax returns for the last three years are available for inspection. The gross revenue for the company is consistently over $200,000.00 and the practice is debt free. The practice is currently structured as a cash based entity and does not participate as an RSA provider with the DOE.
The practice is being offered at $155,000.00 with negotiable terms. The owner is willing to stay on for a reasonable transition period, and might consider longer-term employment opportunities with new owner.