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Business for Sale Summary

Physical Therapy Practice for sale in Union County - 34684

Business Type: health/medical/dental practices,other personal services,professional services,seller financing available,healthcare related services
Owner Financing
Physical Therapy Practice for sale in Union County
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Financial Information (non-confidential)

General Information
Asking Price $1,400,000 Down Payment $950,000
Gross Revenues $837,758 Lease Remaining Register Free to View
Owner’s Cash Flow $539,000 Number of FT Employees Register Free to View

Financing

$950,000 Down and balance at 3 years @5% interest

Business Description

Established Physical Therapy practice located in upper middle-class New Jersey town. Newly built 3 years ago. 85% private pay, most insurances and Medicare. Only 15% no fault and workmen’s comp. Regular referrals from doctors, orthopedists, and attorneys, plus walk ins, etc. Open Monday to Friday 9-7am. Customers request Saturday hours which new owner can establish. Owner does not see patients and is absentee. Wife works 3-4 days doing billing, insurance etc. Staffed by 2 physical therapists and full-time receptionist. 4 private treatment rooms with space for acupuncturist, massage therapist or for other personal services for rent or percentage of patient billings. Full open bay with state- of-the-art equipment and other stations, treatment tables and machinery. Treadmill and Elliptical are Nordic track. Also, unique Class IV Laser and Cryotherapy Tank(private pay).2,100 square feet. Practice has 5-star reviews on all social media. Proprietary MW Software for Physical Therapy practices with fully integrated interface with Abilify for billing. Pre -Covid 2019 had 4,489 patient visits; in 2020 had 4,619 patient visits, and 5,635 patient visits in 2021. Perfect opportunity for full time owner operator physical therapist to grow practice, add Saturday hours and add patient services. Proof of funds of at least $1m and back ground as physical therapist or healthcare practitioner is required for a call or meeting with the owner. Contact broker Joseph Stansky for more information on this practice.

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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.