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

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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.

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