Overview: This well-established speech therapy practice has been serving a vibrant area in Brooklyn for six successful years, providing top-notch speech therapy services to children and families in need.
Located in an area that is experiencing rapid growth and expansion, the practice is ideally situated to cater to the needs of the many young families flocking to the neighborhood. As the demand for pediatric speech therapy continues to rise, this presents an exciting opportunity for someone looking to either expand their current practice or establish a foothold in this thriving community. Currently the practice services over 55 families providing approximately 70 sessions per week, in addition to ongoing small therapeutic groups. The practice is currently structured as a cash-based practice.
Facility: The speech therapy office comfortably accommodates three therapists simultaneously, ensuring efficient scheduling. Additionally, we have an outdoor area for sensory-based activities during warmer months. A dedicated waiting room provides comfort for clients and families. The fully equipped facility includes supplies, testing materials, and furniture, supporting effective therapy sessions. It is centrally located and within walking distance to dozens of both public and private schools, pediatricians, sensory gyms and play spaces. The office is conveniently located close to Manhattan via subway and/or a short ferry ride.
Staff: The W-2 staff includes 1 full-time therapist, 4 part-time therapists, and a part- time office administrator. The owner is willing to stay on for a reasonable transition period, and the likelihood of the rest of the team staying on under new stewardship is excellent.
Financial and Practice Data: Financial information, including profit and loss statements, balance sheets, and tax returns for the last two years, is readily available. In 2023, gross revenue experienced a substantial increase, growing by 29.97% compared to 2022, reaching over $365,000. The practice has no debt and very low AR.
Additional Info: The decision to sell the practice comes as the owner embarks on a new professional endeavor. The owner is committed to ensuring a smooth transition for the new owner, providing comprehensive support and guidance during the transition. With a loyal client base, a highly skilled team of therapists, and a prime location in Brooklyn in close proximity to Manhattan, this opportunity holds immense potential for growth and success. Whether you’re an experienced practitioner looking to open another location or an entrepreneur eager to expand this well-established business, this is a great opportunity.
Terms: SERIOUS BUYERS ONLY Ask price is $200,000 with reasonable terms considered. |