Long Island City, NY
$140,000

Long Island City, NY
$140,000

Manhattan, NY
$599,000

Brooklyn, NY
$180,000
Port Jefferson, NY
$139,000
West Hempstead, NY
$69,000
Brooklyn, NY
$150,000
Coram, NY
$500,000
Brooklyn, NY
$280,000
Bronx, NY
$2,500,000
Suffolk County, NY
$150,000
Available in New York
$25,340
Bronx, NY
$1,800,000
Southold, NY
$129,900
Nassau County, NY
$2,500,000
Nassau County, NY
$775,000
Bethany MacLean
Cynergy Consulting Services, Inc.
Serving Erie County, NY
Trust in our brokerage expertise to navigate the complexities of selling a medical practice. We have successfully brokered the sale and transition of over 2000 medical practices, making us the go-to choice for providers seeking top-notch service. Did you know there are strategic steps you can take to significantly increase the value of your practice before listing it for sale? Most providers are unaware of these opportunities. At Cynergy Consulting, we know the secrets to enhancing your practice’s worth, ensuring you get the most from your sale. Our comprehensive Intermediary Services (practice brokerage and sale), as part of a physician’s exit strategy, allow doctors in solo or group practice to convert the hard-won equity in their practices into liquidity, which can then be diversified for purposes of retirement or investment. Most physicians choose to stay with their practice under a negotiated employment contract for a number of years after sale. All physicians over age fifty-five (55) should have an exit strategy to ensure that they can capture the full value of their medical practice before they begin to “wind down”. Our staff has facilitated the sale of hundreds of medical practices over the last forty years in all fifty (50) states.
Manhattan, NY
$2,800,000
REAL ESTATE INCLUDED
Orange County, NY
$475,000
New York County, NY
$1,450,000
Manhattan, NY
$950,000
REAL ESTATE INCLUDED
Suffolk County, NY
$6,499,000
Available Nationwide
$20,000
New York, NY
$69,500
Westchester County, NY
$1,500,000
Rochester, NY
$1,400,000
Nassau County, NY
$999,000
Nassau County, NY
$249,999
Guilderland, NY
$155,000
Brooklyn, NY
$775,000
Bronx, NY
Not Disclosed
Lindenhurst, NY
$299,000
Available Nationwide
$150,000
Greene County, NY
$650,000
Rockland County, NY
$975,000
Forest Hills, NY
$110,000
Onondaga County, NY
$295,000
Available Nationwide
$50,000
Bay Shore, NY
$1,300,000
College Point, NY
$255,000
Richmond County, NY
$425,000
New York, NY
$3,600,000
Queens, NY
$150,000
Ananda Gellock
REAL New York
Serving New York County, NY
REAL New York - Manhattan & Brooklyn, New York State METROPOLIST - Seattle, Washington State
Astoria, NY
$140,000
Bronx, NY
$850,000
Hempstead, NY
$199,000
Bronx County, NY
$499,000
Available in New York
$80,000
New York County, NY
$1,300,000
Queens County, NY
$850,000
Orange County, NY
$425,000
Nassau County, NY
$400,000
Canandaigua, NY
$375,000
Staten Island, NY
$980,000
Manhattan, NY
$975,000
Great Neck, NY
$395,000
Westchester, NY
$395,000
Available in New York
$50,000
| Market Overview | Listings for Sale (Median) |
|---|---|
| Number of Businesses Analyzed | 365 |
| Asking Price | $499,000 |
| Reported Revenue | $584,000 |
| Reported Seller's Discretionary Earnings | $170,728 |
Asking Price
| Lower Quartile | Median | Upper Quartile |
|---|---|---|
| $240,000 | $499,000 | $1,250,000 |
Market Financial Highlights
The financial data presented here is an aggregation of reported revenue and earnings of Service Businesses for sale in New York.
| Bound | Revenue | Seller’s Discretionary Earnings |
|---|---|---|
| Lower Quartile | $299,884 | $92,000 |
| Median | $584,000 | $170,728 |
| Upper Quartile | $1,300,000 | $350,000 |
Valuation Multiples
The valuation multiples listed below are derived from asking price, revenue, and seller's discretionary earnings of Service Businesses listed for sale in New York.
| Bound | Revenue Multiple | Earnings Multiple |
|---|---|---|
| Lower Quartile | 0.56 | 2.17 |
| Median | 0.88 | 2.99 |
| Upper Quartile | 1.44 | 4.20 |
FAQ's
How much does it cost to buy a Service Business in New York?
The median asking price for an established Service Business in New York is $499,000, though prices range from under $240,000 to well over $1,250,000.
How much do Service Businesses owners in New York earn?
The median reported revenue of Service Businesses in New York is $584,000 and owners earn a median of $170,728, which includes the owners salary and any other financial benefits they receive.
How do I value a Service Business?
Valuing a business is a complex process, but buyers and sellers often turn to the local market to understand how businesses are priced. Based on our most recent analysis of Service Businesses in New York, revenue multiples range from 0.56 to 1.44, with a median of 0.88. Earning multiples range from 2.17 to 4.20, with the median at 2.99. This means the typical Service Business in New York may ask for around 0.88 times its annual revenue, and 2.99 times its annual owner earnings.
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