Very happy to report that this practice has been sold!
This is a very well established and highly regarded physical therapy practice in Central Nassau County. It is known for its quality care and individualized treatment and has earned an excellent reputation amongst physicians and patients in the community. The practice currently employs 2 physical therapists (full and part-time), 1 physical therapist assistant (part-time) and is fortunate to have a capable office staff including an administrator and biller, all interested in staying on with the new owner.
The practice treats a diverse caseload including orthopedic, neurologic, chronic pain, balance and wellness and generates $400,000-$500,000 annually with an excellent and enviable net profit margin. The clinic participates in most major insurance networks including Medicare. It is located in an office building and a lease with highly favorable terms and is transferable and renewable. The 3000 plus square foot office has good parking and enjoys convenient parkway access. It includes state of the art equipment, separate patient and staff bathroom, a waiting room, private treatment rooms,a main gym and balance/plyometrics room, whirlpool room, private owners and administrators offices, as well as a separate front office.
Full financial information including profit and loss statements, practice statistics and tax returns are available for inspection.
The practice is being offered at $325,000.00. The practice owner is willing to remain with the clinic as clinician and/ or clinic director