Physical Medicine & Rehabilitation in Nassau-28984

Not Disclosed, NY
Nassau County


Asking Price: Annual Revenue:
$500,000 $903,370

Services: Medical, Dental


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RE: Physical Medicine & Rehabilitation in Nassau-28984 Broker: Joseph Stansky

Quick Facts

Asking Price: $500,000
Annual Revenue: $903,370
Net Profit: Not Disclosed
Cash Flow: $286,000
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 7
BBN Listing #: 80954447
Broker Reference #: 28984

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Business Overview:

Medical practice and wellness Center, focusing on orthopedic medicine, physical therapy, pain management, home therapy and massage therapy. Currently owned by Osteopath doctor. This practice receives referrals by the dozen from personal injuries and workman's comp. law firms. There are six treatment rooms, open therapy area and consult rooms. Owner's health issues force sale. Nerve-testing machine (bill $3k per patient). Can add x-ray machine. Workman's Comp and No Fault makes up for 90% of practice. Opportunity for medical professional, physical therapist, chiropractor or investor/entrepreneur to build a full Wellness Center with related services. Owner only sees patients two days per week. This business accepts all insurances. Established since 1998. Rent cost reduced by $48k per year by subletting space to acupuncturist, massage therapist and psychologist. Company outsources billing and collection at 8-10% (should be 5%-7%). PM&R Practices/physiatrists treat back pain, sports medicine, spinal cord injuries, strokes, disabilities and brain injuries, and provide occupational and geriatric rehab. Contact broker for more details.

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Reason for Selling:

Health Issues

Additional Details:

  • The property is owned.
  • 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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