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Business for Sale Summary

Physical Medicine & Rehabilitation Nassau County - 28984

Business Type: health/medical/dental practices,healthcare related services,professional services,new to market,seller financing available
Owner Financing
Physical Medicine & Rehabilitation Nassau County
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Financial Information (non-confidential)

General Information
Asking Price $500,000 Down Payment $500,000
Gross Revenues $903,370 Lease Remaining Register Free to View
Owner’s Cash Flow $286,000 Number of FT Employees Register Free to View

Financing

$500,000 Down and

Business Description

Medical practice and wellness Center, focusing on orthopedic medicine, physical therapy, pain management, home therapy and massage therapy. Currently owned by Osteopath doctor. This practice receives referrals by the dozen from personal injuries and workman's comp. law firms. There are six treatment rooms, open therapy area and consult rooms. Owner's health issues force sale. Nerve-testing machine (bill $3k per patient). Can add x-ray machine. Workman's Comp and No Fault makes up for 90% of practice. Opportunity for medical professional, physical therapist, chiropractor or investor/entrepreneur to build a full Wellness Center with related services. Owner only sees patients two days per week. This business accepts all insurances. Established since 1998. Rent cost reduced by $48k per year by subletting space to acupuncturist, massage therapist and psychologist. Company outsources billing and collection at 8-10% (should be 5%-7%). PM&R Practices/physiatrists treat back pain, sports medicine, spinal cord injuries, strokes, disabilities and brain injuries, and provide occupational and geriatric rehab. Contact broker for more details- 1-877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. kg

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.