This home-based practice has been operating in Manhattan and Brooklyn for 4 years, while growing exponentially with a wide base of referral sources. The practice sees clients of all ages and diagnoses with a focus on older adults. We are contracted with Medicare and accept private pay. The practice has a five-star reputation for quality and client-centered care, while operating with minimal overhead expenses. Our devoted team of owners and therapists have created a solid foundation for a prospective buyer to build upon and expand.

LOCATION – Clients are located throughout Manhattan and accessible areas of Brooklyn. Most clients are clustered in the Upper West Side and Upper East Side of Manhattan, which minimizes therapist commute time and maximizes productivity.

STAFFING –Currently, 1 owner works full-time as a physical therapist and the other owner splits time between treating clients for occupational therapy and administrative/director duties. We also employ 1 full- time occupational therapist and 2 part-time OTs, in addition to 4 part-time physical therapists. All staff will likely be retained under new ownership.

FINANCIAL OVERVIEW – Full financial information including but not limited to profit and loss statements and tax returns for the last three years are available for inspection. The gross revenue for the company in 2022 was $247,000 and are projected to reach $300,000 in 2023.

PRACTICE STATISTICS – The practice averages approximately 220 visits/month. Clients are typically seen 1-2x per week, for an average of 20 visits annually. All sessions are 60 minutes depending on the client’s tolerance. Full practice stats, # of return patients and patients receiving both PT and OT are available.

GROWTH OPPORTUNITIES – This is a great opportunity for an existing mobile practice looking to expand, and/or become multidisciplinary, to add market share, a brick and mortar wanting to add a secondary revenue stream and give their clients options or a solo practitioner looking for a very solid foundation upon which to grow.
There are limitless growth opportunities for this practice. NYC is rebounding after the pandemic and the population is on the rise again. The practice has the ability to expand further into pediatrics, wellness, and sports medicine. Implementing a formal marketing campaign, adding commercial insurance and worker’s compensation contracts, social network campaigns, online blog content, and expanding network communications would affect short and long-term growth.

ASKING PRICE – $175,000.00   includes past and current client contact info, website, phone and social media accounts, personal introductions to physicians and referral network. Terms are negotiable. Owners are willing to stay on to treat clients (PT & OT) to ease the transition of ownership while ensuring sufficient staffing.