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Physical Therapy Practice – Sold

Price: $499,000

Annual Revenue: $957,073

Net Cash Flow: $346,274

Industry: Health Care, Medical

Location: New York

This company has been sold. This multi-discipline Practice has been serving the Westchester County client base for over 10 years. This office has established itself as the premier one stop Rehab Therapy office in the area. Primary source of clients is referral based. The company does no advertising at the present time to promote or attract business.

Office is currently open 40 +/- hours per week due to lifestyle preference by current owner.

Office is fully staffed with Receptionists, Licensed Therapy Providers and the Owner who is a MD. Total staff consists of 8 people.

Facility consists of 2,500 SQFT +/-; Cost for build out and equipment is estimated over $125,000. Facility is well equipped with Physical Therapy equipment necessary for treatment of patients. Equipment is in good working order with a market value of $20,000 included in the sale.

Space is leased – New favorable 10 year lease is available to the new owner – Renewal is due later this year.

Reason for Sale:               Seller Retirement – Owner is willing to stay on for a smooth transition.

FINANCING:                       TBD DOWN and some owner financing based on buyers qualifications. 

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