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Large And Growing NYC Workers Comp Medical Practice Multi-Locations

Price: $9,900,000

Location: New York, New York

Industry: Health Care and Fitness

Listing ID: 00203

Established since 1998, this large and growing medical practice with 8 locations is spread throughout all NYC boroughs and LI.  They focus on occupational injuries and diseases through workers comp cases and provide services in pain management, musculoskeletal medicine, orthopedic surgery, rehab medicine, podiatry, electrodiagnostic medicine, psychology and ancillary services. They have strong relationships with 20+ local unions and are awarded with having their logo placement on union websites. Waiting rooms are always full.  Very scalable by tapping into private insurance offering primary care, wellness program, diagnostic testing, heart disease treatment, etc…

Listing Details

Gross Revenue: $9,900,000

Cash Flow: $3,000,000

FFE: $100,000 (Included in Price)

Inventory: $4,000 (Included in Price)

Reason For Sale:

Retirement

Training & Support:

Will provide

Operation

Year Established: 1998

Days & Hours of Operation: M-F

Non-Owner Payroll: $3,500,000

Employees: 60

Location

Monthly Rent: $ 562,000

Type of Location: Office Building

Facilities Information:

8 locations in all NYC boroughs including LI and Orange County

Summary

Competition:

Very little

Potential Growth:

Limitless by offering additional medical services by tapping into private insurance sector and opening more locations.