Richmond Surrey (REMOVED FROM MARKET MARCH 2010)
Wellness based practice that could be converted to traditional practice if required
REMOVED FROM MARKET (MARCH 2010) UNTIL FURTHER NOTICE
The Clinic
Currently ran as a high volume practice with only one chiropractor, this practice offers someone who practices in a similar style an opportunity to take over a profitable patient base and run their own chiropractic practice. Similarly, it offers a motivated chiropractor or chiropractors an opportunity to convert this practice back to a traditional clinic by appointing associates to manage the existing patients.
The practice comprises:
. Good sized reception area
. 4 adjusting rooms
. Large front entrance with light reception area with ample space
. Office space
. 2 toilets
. Kitchen area
. Well established website
. Parking for 3 cars plus paid parking close by
. x-ray machine with digital processor
. 2 new ES2000 ergostyle drop piece adjusting tables and an atlas table
The Area
The close proximity to London and access by train means that many families settle in Richmond and it is an affluent area for professionals.
Clinic Location
The clinic is located on a main road, in a commercial and retail area, exiting London. Train and bus routes are available to the clinic but as there is paid parking in front of the practice, most patients arrive by car. The practice is in a strong position for accessibility and has ideal features, being visible from the street with prominent signage.
The patients
The practice sees, on average, 200 patients per week, from a mixture of recurring and new patients with an average of 5 new patients being obtained each week.
The premises
The practice is located on the ground floor of the premises and extends into the basement
The premises are under leasehold agreement with a low monthly cost of £2,200.
Financials
Turnover & Profit
2008: £320k £200k
2007: £288k £170k
2006: £253k £140k
Overheads are low and have remained consistent over the past 3 years at an average of £100k per year. Profitability is therefore good and any increase in income would have an immediate effect on the annual profit.
Potential
The treatment cost is just £35, which is lower than the average for the area. There is potential for an increase in the future. If payment plans are taken, the cost per treatment is £30.
The clinic opens as follows:
Monday: 3.00pm-7.00pm
Tuesday: 9.00am-1.00pm and 3.00pm-7.00pm
Wednesday: 9.00am-1.00pm and 3.00pm-7.00pm
Thursday: 9.00am-1.00pm and 3.00pm-7.00pm
Saturday 9am-1pm
There is further potential to increase opening hours with demand so capacity to expand is not an issue. A motivated principal chiropractor with a vitalised marketing strategy could increase patient numbers if desired.
There is also a marketing plan in place and spinal screening increase the profitability of the clinic even further.
Other
The owner is relocating overseas so genuine reason for sale. Offers will be considered for anyone able to negotiate a speedy purchase.
Price - Valued at £185k.
Interested?
Please contact the team at finance 4 chiropractors for more information, including extra photos:
T: 01872 242800
E: support@finance4chiropractors.com