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NJ Pediatric & Adult Therapy Center with DDD Program In Place

Price: $625,000

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!

Listing Details

Gross Revenue: $1,160,000

EBITDA: $176,500

FFE: $75,000

Reason For Sale:

Moving out of state

Training & Support:

Will provide

Operation

Year Established: 1997

Employees: 18

Location

Lease Option: $6,000/month

Square Footage: 5,800 sq/ft

Facilities Information:

State of the art