Established OVER 50 years ago, this highly regarded practice has consistently maintained an excellent reputation for providing expert physical therapy to people with varying orthopedic and sport conditions and has maintained a strong commitment to clinical excellence. In addition to being a general orthopedic physical therapy practice, they have specializations in diagnosing and treating TMJ dysfunctions, Posture and Osteoporosis care, cervical and lumbar radiculopathy and treating all form of soft tissue pain. Myofascial Release, deep tissue techniques, craniosacral therapy, Yoga and Pilates are incorporated in treatment programs.
The practice treats over 300 diverse patients annually, does over 2000 sessions and has over 14 long time steady referral sources in addition to long standing word of mouth client referrals. The practice consistently maintains gross revenue of over $450,000 and in 2023 grossed over $625,000.
The practice is In-Network with Medicare, United Health Care, Oxford and Cigna PPO and provides services Out-of-Network to all other insurers; the practice is essentially 50% private pay and the rest in network. The practice was a charter member of NYU Langone Provider Network and has been providing telehealth services in addition to onsite PT.
The practice is located in an elegant doorman East Side Coop building in a mixed residential and commercial neighborhood, with easy access to subway and bus transportation in Manhattan. The office is fully turnkey with state-of-the-art equipment including a Phoenix Thera Lase cold 42-watt laser and a Chattanooga Shockwave. It has 1000 usable square feet including 4 private treatment rooms, 2 bathrooms, 1 shower, reception area, and small kitchen.
The office real estate is owned by the practice and the practice owner ideally would like to sell the office and the clinical practice to the same entity.
The professional staff consists of one part time DPT in addition to the practice owner and an office manager. All staff members are eager to stay on with the new owner, and the current owner is willing to stay on for a reasonable transition period, and longer on a consultative basis.
Ask price for the real estate is $950,000.00
All offers over $300,000.00 for the practice will be considered.