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Physical Therapy Outpatient Practice
Location New York,United States
Asking Price Range < $250K
Gross Revenues $176000
Net Profit / Cash Flow $105000
Cash Flow Type EBITDA
Seller Finance No
Year Established 2000
Number of Employees 1 - 3
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Training Negotiable.
Reason for Sale Relocation.
Description Well respected Upstate NY Physical Therapy Practice opened in 2000 to provide quality PT to an underserved rural community. The practice currently operates 4 days/week with a second office added in July 2011 (2 days in each location). There is potential to increse collections with expanded hours . Equipment includes Spinal Decompression, traditional modalities and lazer. Payer demographics: commercial insurance, Medicare, worker's compensation & No fault, private pay and NYS medicaid plans. Referrals received from orthopedics, neurosurgery, podiatry, and PCPs. Picturesque comunity offers qualtiy schools, churches and recreation in the Catskill Mountains including nationally renowned fly fishing on the Delaware River. The low cost of living makes the region attractive to retirees from larger metropolitan areas. An active schoolastic sports program leads to referrals. A modest seasonal lake/cottage population increases summer patient volume. Located within 35 miles of major recreation & shopping centers, airports, universities & colleges, makes this practrice affordable, profitable, and practical for a physical therapist looking to leave congested metropolitan practice. The people in this location are honest, hard working and faithfully return to the practice for followup care. First floor office space has tasteful decore and is conducive to patient flow throughout the office which was rennovated with oak fininshings in 2001. New carpeting 2011. Satellite office located 12 miles from primary office has an assumable lease. Primary location three-story building can be included w/sale or sold as separate real estate. Building has a convenient second floor, 2-3 bedroom apartment which facilitates convenient and economical management of the practice. Could be added rental income if purchased or utilized as an owner's residence Email or contact owner at home: 607-598-5020 for more information
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