Medical practice with Physical Therapy in Queens

Not Disclosed, NY
Queens County

Asking Price: Annual Revenue:
$200,000 $195,000

Services: Senior Living & Care, Assisted Living

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RE: Medical practice with Physical Therapy in Queens Broker: Sherry M. Wang
Owner Financing is Available!

Quick Facts

Asking Price: $200,000
Annual Revenue: $195,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $167,591
Real Estate: Not Disclosed
Year Established: 2016
Employees: 4
BBN Listing #: 328352376
Broker Reference #: 86471-163159

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Business Overview:

Newly established medical center with area for physical therapy is for sale. It’s located in a very densely populated area in Queens, NY. The 3,000 sq. ft facility has been built for only 1 year, with 6 exam rooms / doctor’s offices, and a fully equipped physical therapy area. It’s designed for family medicine, physical therapy, podiatry, urgent care, Internal medicine, pediatric clinic or any other specialty clinics. They accept all major insurances, specifically prefer No Fault (Auto Accidents) Insurance.

The center has 500+ patients and is seeing about 125 patients per week right now, with little advertising done just relying on walk in traffic. More specialty doctors are needed due to high demand. Renting the rooms out to doctors will bring in additional revenue.

All medical equipment and fixtures, lab equipment, computers, medical exam tables, and everything in the facility is included.

Current owner is also open to partnership options.

Option 1: acquire the entire business for $200,000.

Option 2: invest $150,000 to become a partner of the business, get all the profit until 50% of the initial investment is paid back, and then start to share the profit with other owners.

Option 3: pay monthly rent plus management fee to join the group, get unlimited access to the office and the resources that the center provides.

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Property Features and Assets:

Very minimal competition nearby.

Market Competition and Expansion:

If new owner adds other specialty doctors to the clinic, the total revenue will be increased multiple times, depends on the number of the specialties added. Current owner is using outside provider for PT insurance which cost 30% of the income. If the new owner is a provider, that’s another 30% added to the profit.

Reason for Selling:

Other interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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