Annual Revenue: $1,600,000
Net Cash Flow: $768,421
Industry: Health Care
Location: Queens/Long Island, New York
An opportunity to acquire a busy, diversified medical practice, offering internal medicine and physical therapy, highlighting physical medicine and rehab in conjunction with traditional internal medicine. The asking price includes 2 locations, both fully staffed with 10-12 employees combined. Option to purchase real estate at one of the locations for an additional cost (the current fair market property value). Or can be easily rented.
The business is able to be run absentee with the current staff of nurse practitioners and physical therapists. All the business is currently from word-of-mouth, referrals, and workers’ comp. The current owner is ready to retire and has recently started working part-time. The owner states that the practice can easily be expanded and grown aggressively under new ownership.
Two fully equipped locations, Queens and Long Island. Queens: Leased space in residential building, one block from public transport, 1650 sq ft, three exam rooms, physical therapy room, waiting area, front desk. Rent $5000/month. Long Island: 4000 sq ft, 1st floor of 2-story building, ten exam rooms, big physical therapy room, waiting room and front desk, parking lot. Established practice that has distinguished itself by offering in-house physical therapy.
Seller financing is available for well-qualified buyers with significant cash down at the closing. Support and Training can be provided as needed for a new owner.
Someone must be or have a licensed physician in the PC or LLP. In NY, this is needed to bill under these structures. This would be a good fit for an existing MD or DO(orthopedic Dr) practice looking to add to an existing internal medicine/orthopedic/pain management business. The price is negotiable. The seller will consider offers.