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Business for Sale

Physical Therapy Practice for sale in Queens
Queens County, NY

Listing #33635

   
Financial Information (non-confidential)
Asking Price $425,000.00 Gross Revenues $575,330.00
Down Payment $300,000.00 Owner’s Cash Flow $200,951.00

Financing: $300,000.00 Down and $125K financed over 3 years at 5% interest

Reason for Selling:retirement

Long Established (30) years Physical Therapy practice located in upper middle-class Queens neighborhood. 85% private pay, all insurances and Medicare. Only 15% no fault and Medicaid. Regular referrals from doctors, orthopedics, and attorneys, plus walk ins, etc. Open 6.5 days. Staffed by 2 physical therapists plus owners 2 days per week semi absentee PT practice. Also 2 PT aides and 2 employees at reception. 7 private treatment rooms with space for acupuncturist, massage therapist or for other personal services for rent or percentage of patient billings. Proprietary MW Software for Physical Therapy practices, fully integrated w/interface with Abilify for billing. Pre -Covid saw 35-40 patients a day- now seeing over 65 % of that volume. Open gym area with state of the art Cybex and other stations. Total square footage is 2,500 sq. ft. 100s of Doctor referrals. Important contract with NYC Fire Department. Perfect opportunity for full time owner operator physical therapist to grow practice and add patient services. Contact broker Joseph Stansky for more information on this practice.

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.
Joseph Stansky Esq
Senior Business Broker
631-383-3109
jstansky@vestedbb.com
Servicing Area:
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Joseph Stansky Esq

Disclaimer: The information in these listings have been provided by the Seller and Vested Business Brokers, Ltd. has not independently verified this information and has no responsibility for its accuracy or completeness. Vested recommends that you consult with an accountant, attorney and other professionals to represent and assist you in any transaction. Vested's associate brokers will arrange a meeting between you, your representatives and the Seller, but is not authorized to make any representations or warranties. You agree to hold Vested and its associated brokers harmless of any misrepresentations made by seller.

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