NJ Pediatric & Adult Therapy Center with DDD Program In Place

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Back On The Market Due To Weak Buyer. Strong Growing Business!
Asking Price:
$625,000

Gross Revenue:
$1,160,000
Cash Flow:
 Not Disclosed
EBITDA:
$176,500
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

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Business Description

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!

About the Business

Location:
Essex County, New Jersey
Year Established:
1997
Number of Employees:
18
Real Estate:
Leased
Building Sq. Ft.:
5,000
Rent:
$6,000.00 Per Month
Facilities:
State of the art
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About the Sale

Reason For Selling:
Moving out of state
Training/Support:
Will provide

Listing Info

ID:
1639139
Ad Detail Views:
0

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Business Listed by

Carol Shin

Inbar Group Inc - Business Brokers

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Sponsoring Broker:

Jay M. Inbar,Certified Mergers &Acquisition Pro
Inbar Group Inc - Business Brokers

U.S. Census Data for Essex County, NJ
Age

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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Essex County, NJ
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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