THIS PRACTICE HAS BEEN SOLD!!
Established over 35 years ago, this highly regarded practice has consistently maintained a stellar reputation for providing expert physical therapy to people with varying orthopedic conditions and has maintained a strong commitment to clinical excellence. In addition to being a general orthopedic physical therapy practice, they have specializations in treating musculoskeletal conditions with use of Myofascial Release, deep tissue techniques, craniosacral therapy, Yoga and Pilates. The practice averages 8,500 (averaged over 5 years) treatment sessions annually, and 65 evaluations each month from deep rooted referral sources. Average gross revenue is approximately $800,000. The practice is In-Network with Medicare, United Healthcare, Workers Comp and No- Fault and provides services Out-of-Network to all other insurers. The practice has been a charter member of the Hospital for Special Surgery Rehabilitation Network since 1999.
The practice is located in a CLASS A building in a densely populated mixed residential and commercial neighborhood, with easy access to transportation in Manhattan. The lease is transferable and renewable. The office is fully turnkey with state of the art equipment. It has in excess of 1,700 usable square feet including five private treatment rooms, two bathrooms, a gym, reception area, and back office administrative offices. The office is wheelchair accessible.
The practice has a remarkably loyal staff and a high retention rate. The professional staff presently consists of two physical therapists and one physical therapy assistant in addition to the practice owner. The physical therapists have the following advanced training: CranioSacral Therapy, Zero Balancing, Yoga for Bone Health, HSS Direct Access Certification and Pediatric Torticollis. The staff is proficient in EMR. 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.
All offers above $250,000 will be considered.
Serious inquiries only for additional information: