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Physical Therapy Practice In Union County For Sale

Union County, New Jersey, US
Asking Price:
$1,400,000 (USD)
Sales Revenue:
$837,758 (USD)
Cash Flow:
$539,000 (USD)

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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Business Operation

Reasons for selling:

Other Practices/Projects

Employees:
3FT/1PT
Years established:
2019

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

950,000.00 Down & balance at 3 years @5% interest

Furniture / Fixtures value:
$200,000 (USD)

Contact Vested Business Brokers HQ

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