ADULT PHYSICAL THERAPY PRACTICE: – Business MLS – 3525805
This highly established Physical Therapy practice has been providing services to the community in Staten Island for over 20 years. The practice is dedicated to providing comprehensive physical therapy and fitness education to patients and clients. The practice specializes in Orthopedic and sports related injuries, pain and postoperative care. In addition, the practice provides services to neurological disorders such as Balance, Vestibular Imbalances, Parkinson’s, and Multiple Sclerosis. Other less frequented conditions are treated such as hand/ wrist injuries and TMJ Dysfunctions. The practice has a very wide base of referral sources. The office is Medicare credentialed and participates with most managed care insurance Companies including UHC, Emblem Health, Empire BC/BS, Cigna, Optum Health, Aetna, FDNY, WTC, Humana, Tricare and others. The practice averages approximately 345 productive visits per month and receives approximately 24 new patients per month. They currently are at approximately 80% capacity compared to pre-Covid level of care. Average reimbursement is above $90/session. Full practice statistics are available for review.

REAL ESTATE PROPERTY AND FACILITY: – Real Estate Property MLS – 3536076 Full details and pictures of the building are available here. The Real Estate Property and Practice space consists and is Zoned as R-3 is a mixed-use structure – Residential and Community Facility Use building located Southern Staten Island, 10309. This Pristine Beautifully Maintained All Brick Tudor Style home- (house- approx. 1,652 Sq. Ft. plus Addition/Office completed 2012- approx. 1,467 Sq. TOTAL USE – 3,119 Sq. Ft. The Residential House consists of 3 Bedrooms 2 Full Baths, Eat In Kitchen, Formal Living Room with functional wood burning fireplace, Formal Dining Room, PLUS a Finished Basement. The Commercial Facility Use is an attached addition currently houses an ACTIVE Physical Therapy practice with 9 rooms. (Separate Utilities) The combined building resides on a large lot over 12,000 sq. ft. which encompasses block to block-entrance to 2 driveways on Amboy & Wheeling Avenue and holds 7 parking spots. Addition can also be residential use-with proper permits. Great Opportunity for Large Home and Community Use Office. The Office space consists of approximately 1,500 square feet and is ADA compliant, modern, clean with numerous windows. It has an open gym area with vaulted ceilings and holds extensive state-of-the-art equipment and modalities, 6 private treatment rooms, a modalities area, waiting room and reception area. There is also a large bathroom and water fountain. The office space is wired with a sound and full camera security system. A detailed inventory list of equipment is available, all included in the sale of the Physical Therapy Practice, and is available for review. There is free ample parking (7 spaces), including handicapped parking. Current office hours are from 9:00 am to 7:00 pm, Monday, Tuesday, and Thursday as well as Wednesday, Friday, and Saturday 9:00 am until 2pm. There is access to the office 24/7. Practice space meets all legal and zoning requirements. A Lease options are
available for the business structure.

IT CAPABILITIES:
The office has had electronic billing since it’s initiation in 2001 utilizing Medisoft web based Electronic Medical Billing. There is a computer and VIOP Network, Two Workstations, Wireless Router and Cable Internet.

CURRENT STAFF:
Currently there is 1 Full-Time Physical Therapist, (the owner), employed and 1 Part-Time Biller, 2 Physical  Therapy Aides, and 2 Part-Time Receptionists.  There is great likelihood that the current staff will stay on under the new ownership. There is ample room for 2-3 therapists to work simultaneously.

FINANCIAL OVERVIEW:
Full financial information including but not limited to profit and loss statements, balance sheets and tax returns for the last three years are available for inspection. The combined gross revenue for the company over the three years is over $1,102,670 and gross profit margins run between 25-30% for the years encompassing 2021-2023. Gross revenue for January 2023- December 2023 is over $370,000.

GROWTH OPPORTUNITIES:
There are numerous growth opportunities.
1. The office space itself is equipped to handle 2 Physical Therapists working simultaneously and much increased treatments. Expanding hours and offering pediatric services are also possible.
2. Increased marketing agenda would have an immediate growth potential.
3. Office can be utilized on additional evenings and Sundays for increased flexibility for patient treatments and for continuing education.

OTHER TERMS:
Owner is willing to provide a reasonable transition period for the business practice and can be available for consulting opportunities with new owner as needed.
Preference will be given to parties interested in both the practice and the real estate.
 Business MLS – 3525805
 Real Estate Property MLS – 3536076