Brooklyn NY Adult Occupational Therapy Practice for Sale

This well established, longstanding and highly regarded adult occupational therapy practice providing all services, but specializing in neurological, vestibular and low vision challenges is available for sale.
They have an excellent reputation in the medical and therapy community, providing a constant flow of referrals from both physicians and patients. Location is in a vibrant residential Brooklyn neighborhood, close to robust shopping, near the Belt Parkway, and with good accessibility to public transportation.

THE PRACTICE -The office is credentialed and participates with Medicare, Medicaid, BCBS, Aetna, United Health Care, 1199, Cigna, Oscar, Health first, Health Plus, Elderplan, AARP, Metroplus insurances. Hospitals in the area include Methodist and Lutheran, and satellite centers for Northwell and NYU/Langone, and Mt. Sinai.
The practice averages approximately 130 plus productive visits per month; at the owner’s discretion, it is not currently offering services 8 hours a day, 5 days a week. The productivity of the office could increase by an additional 30-50% if the model to full time practice was instituted. The clinic averages approximately 25 – 30 new patients per month.

FACILITIES -The office is a ground floor, no steps, ADA approved, modern, clean, bright space with numerous windows. The 1,100 square foot office includes an open gym area, kitchen, full patient bathroom which provide ample functional training space. The reception areas can seat 4 persons or more if needed. There is a private bathroom for staff. The office has a separate evaluation room which is currently being rented to a private business and offsets operating costs. The therapy gym has full size low mat, video goggles with viewing system, wii, balance equipment both static and dynamic, bike, UBE, treadmill, low vision equipment to include CCTV and full array of stand and hand magnifiers, video magnifiers, hand equipment for treatment and evaluation, and alarm system. A full equipment list is available. There is street parking, metered parking, and a municipal parking lot in walking distance and 24/7 access to the office. Terms of the lease are $2200.00 per month. The lease is runs through March 2024 and is renewable and transferable. A full copy of the lease is available for inspection.

IT CAPABILITIES – The office has been computerized since it’s opening in 2013. The office is fully wired for computer internet, has a wireless router and has strong computer security established. The practice currently uses EZclaim cloud based billing software and use of Trizetto clearing house

CURRENT STAFF- Currently our staff consists of:1 part- time and full-time occupational therapist including the owner, a biller, part time front desk staff/ All are eager to stay on under new ownership.

FINANCIAL OVERVIEW – The practice consistently generates over $200,000.00 in revenue. There is no debt, and low AR. Copies of tax returns, and other financial documents are available upon request. Additionally a full equipment list, practice stats etc. are available for review.

GROWTH OPPORTUNITIES- There are numerous opportunities to expand this practice. Physical therapy can be added as a discipline by amending the corporate structure and office hours can be expanded and include weekends. Small groups can be instituted and an at home division can be created for those patients who are unable to come in or prefer home based services. Specialties such as hand therapy or pelvic floor services can be added.

OFFERING TERMS – The practice is being offered at $195,000.00 and reasonable terms will be considered.



Subscribe to our mailing list