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NJ Pediatric & Adult Therapy Center with DDD Program In Place

Essex County, NJ

NJ Pediatric & Adult Therapy Center with DDD Program In Place
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Asking Price: $625,000

Cash Flow: N/A

Gross Revenue: $1,160,000

EBITDA: $176,500

FF&E: N/A

Inventory: N/A

Rent: $6,000 /Month

Established: 1997

NJ Pediatric & Adult Therapy Center with DDD Program In Place

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Business Description

Ponteial for growth!

Back On The Market Due To Weak Buyer. Strong Growing Business!

Largest and only providers of Pediatric Occupational, Physical, and Speech Therapies in the area for more than 20 years. The center has direct contracts with NJ schools in the area serving children from birth to 21 years of age. They now also service adults with a recently implemented DDD program.

The owner employs a dedicated staff of licensed experts offering individual and group therapy sessions from its spacious, state-of-the-art facility. New owner must have therapy license or higher or form an MSO.

The Division of Developmental Disabilities has just launched and started reimbursement payments for adults that need therapy. There are approximately 12,000 adults already enrolled in this program in NJ and continuous enrollment for 2019, which should increase gross revenue significantly. There’s already an additional $40k in revenue from this program with 50% profit margin (as of May 2019).

This is a tremendous opportunity for an established practice with strong growth in place.

Seller is motivated and looking to sell quickly!

Detailed Information

Location:
Essex County, NJ
Real Estate:
Leased
Building SF:
5,000
Lease Expiration:
N/A
Employees:
18
Facilities:
State of the art
Support & Training:
Will provide
Reason for Selling:
Moving out of state
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(from currently available funds)
 
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Carol Shin

Business Listed By:
Carol Shin

Inbar Group Inc - Business Brokers

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Sponsoring Broker:
Jay M. Inbar,Certified Mergers &Acquisition Pro

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