Physical Therapy Practice In CT (#22620)

New Haven, CT
Physical Therapy
Asking Price:$329,000
Gross Revenue:$372,252
FF&E:$30,000
Cash Flow:$125,760
Rent:$5,500
Established Year:1999
BUSINESS DESCRIPTION

Successful Physical Therapy Practice

Seller Motivated For A Quick Transaction...Price Reduced To $329,000

This is a well-established and successful physical therapy practice servicing New Haven, Connecticut, and the surrounding towns. It has two offices in prime locations and both office locations have multiple exam rooms, their own private office, a waiting room, and equipment. The right candidate must have a Physical Therapy license.

Practice And Office Information:
The first office has 1,500 square feet and the second office has 1,000 square feet. There is one NP number for both offices. They participate in all insurance programs as well as workers' compensation. They also accept letters of protection for personal injuries and motor vehicle accidents.

Expansion Opportunities:
The practice works with all patients of all ages with geriatric, orthopedic, and neurological problems. The current business sees about 80 patients a week whereas in the past it was close to 140 a week. Increased marketing to the densely populated area around New Haven can expand the practice.


Reason For Sale:
The owner is retiring but is willing to train the right person.


DETAILED INFORMATION
Location
Relocatable
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
2,500
Lease Expiration
02/01/2024
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Reason for Selling
Owner is retiring after being in business for over 24 years
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Ziggy
Marszalek
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Ziggy Marszalek