Location: Essex County, NJ
Industry: Education and Children
Listing ID: 1008
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!
Gross Revenue: $1,160,000
Reason For Sale:
Moving out of state
Training & Support:
Year Established: 1997
Lease Option: $6,000/month
Square Footage: 5,800 sq/ft
State of the art