Established Physical Therapy practice located in an upper-middle-class New Jersey town, newly built 3 years ago, is now available for purchase.
With 85% of their business coming from private pay, most insurances and Medicare, and only 15% coming from no-fault and workmen's comp, this practice sees regular referrals from doctors, orthopedists, and attorneys, in addition to walk-ins. Open Monday to Friday 9-7 am, customers have requested Saturday hours that the new owner can establish. The current owner is absentee and does not see patients, while the owner's wife works three to four days doing billing and insurance.
This practice is staffed by two physical therapists and full-time receptionists, with four private treatment rooms and a full open bay. The open bay includes state-of-the-art equipment, treatment tables, and machinery, a Nordic track treadmill and elliptical, a unique Class IV Laser, and a Cryotherapy Tank (for private pay). With a total of 2,100 square feet, this practice has gained 5-star reviews on all social media platforms.
This practice also utilizes proprietary MW Software and Abilify for billing. In 2019, prior to the Covid pandemic, this practice received 4,489 patient visits, 4,619 patient visits in 2020, and 5,635 patient visits in 2021. This is the perfect opportunity for a full-time owner-operator physical therapist to grow this practice and add Saturday hours and patient services. Proof of funds of at least $1m and background as a physical therapist or healthcare practitioner is required for a call or meeting with the owner.
