OVERVIEW
The practice, established over 8 years ago, treats a variety of neurological and orthopedic patients and receives referrals from long standing referral sources and word of mouth. The owner, who has another office in Queens, can no longer manage both due to recent health issues. This is an asset sale of a turnkey operation, fully equipped office. Patient list of prior clients and current small caseload ( 3-4 clients daily) can be provided. The existing phone number is included. This is an ideal opportunity for a therapist looking for an established base upon which to build and grow a practice or for an existing owner looking for a prime second location.
FACILITY AND REAL ESTATE
The office is over 1600 square foot store front with great visibility on Long Beach Road, and has a municipal parking lot 3 store fronts away. It is ADA compliant. The space is fully equipped, and all clinical and additional equipment is included in the sale; a gym with all equipment, with 10 treatment tables, US, IFC, TENS, LiteCure 15-watt Laser treatment, stools, Anodyne Therapy, 22 feet of Solo Step weight supporting track for gait and balance. Also included is Otometric’sVestibular goggles, BackProject’s ATM2 machine, Biodex UBE and Sit2Stand and Shuttle Balance. pillows. 2 traction rooms for cervical and lumbar traction. There are treadmills, an upright bike NuStep, hydrocollator, dumbbells, cuff weight, trampoline rebounder, assorted exercise balls, washing machine and dryer for laundry, hand strength equipment. All equipment is in excellent condition and none is over 8 years of age. Original cost of equipment is over $150,000. There is a designated waiting area and front office. The current lease expires 1/31/2025 and landlord is eager to work with the new owner and will offer comparable favorable terms Current rent is $4700/month excluding utilities.
TERMS
The practice owner is asking $100,000 and will give favorable terms to any serious buyer who can put 50% down at closing and is able to close in the next 45 day.