Twickenham, UK (REMOVED FROM LISTINGS)

Twickenham, UK (REMOVED FROM LISTINGS)

Multidiciplinary Chiropractic and Health Centre for sale in large supplemental income from other therapies

The clinic

. Clinic first established in July 2009
. Current chiropractor practices diversified treatments, some drops and activator point and shoot. Chiropractor also does active release techniques, is a TCM acupuncturist, and does custom fit Twickenham

This is a great opportunity for a first practice with potential for a orthotics
. The clinic offers a wide array of treatments. Core therapies include: chiropractic, acupuncture, orthotics, massage therapy, aromatherapy, reflexology, bowen technique and classes including yoga, tai chi, meditation, learn to run and pilates
. Upon taking over the premesis the current owners carried out a full refurbishment with an extension and addition of a fourth room, currently used as a studio for classes up to 5-6 people

The practice comprises:

. 3 treatment rooms of good size and a large class/therapy room that can fit 5-6 people in a class
. Reception area and reception bench with full size windows
. Separate kitchen area and toilet facilities
. Washer and dryer on premesis
. Ample storage areas
. Large secured rear garden
. Treatment room (3) including a fully functional shower
. Disabled access throughout the entire floor
. Elite chiropractic couch with all drops and pump elevation

The financials

The turnover of this practice is close to/in excess of £57,000 and net profit after expenses is approximately £35,000 (2010)

The area

The centre is located in Twickenham and thus the market is in the Richmond and Kingston boroughs. Twickenham is a very central location to these areas and the centre itself is on a main road with great transport links to train stations and bus routes. The main road and all surrounding side roads are free parking. The area is mainly residential with some commercial not far away and is situated between three primary schools thereby creating an abundance of walk-by traffic. The road is a small commercial road with adjacent shops in a strip. The closest chiropractor is a well established clinic 2.4 miles away in Teddington.

The patients

Patient base is generally family based and local to the area. Walk-in trade includes the school run for 3 adjacent schools. There is a sports focus in the chiropractic practice and the massage practice. Some patients are on maintenance programs for both chiropractic and massage. There is also a build up class practice for tai chi, yoga, pilates and run club that supplements the clinic.

The clinic is still in start-up mode as all therapists work elsewhere, thus it has tremendous potential for the full time practitioner who has time to advertise and market the clinic properly. Running at a 50% capacity the clinic could draw easily 90k.

The staff

Currently the clinic has no staff. Reception is covered by the two owners and otherwise therapists are very independent being able to let themselves in, take payment and treat their clients. The clinic would benefit immensely with full time receptionist due to the volume of walk-in trade.  All therapists are self-employed.

The lease

The current lease has 7.5 years remaining. The monthly lease payments are very low at £1000 per month and business rates are very low for the area at £220 per month. All other expenses are very low thus making the clinic a great opportunity for profit. 

Marketing

Current marketing for the clinic as a whole includes continuous website updates, a monthly newsletter, a database of more than 400 contacts on the newsletter list. Advertising has been placed with local leaflets, local GPs on their appointment cards (continues for 2 more years), referral scheme in place and advertising at local fairs and in local schools. Good relationships have been made with local schools, sports clubs and the community.

Potential

The clinic has immense potential to gear the clinic towards a more "wellness based" approach. With the numerous other therapies and classes on offer the clinic can be utilised to its full capacity in terms of opening hours. The three treatment rooms can be chiropractic, massage or any other type of alternative therapy. The clinic currently runs at well below capacity and still covers costs and makes a profit. If the clinic were to have all 4 rooms utilised for 20 hours per week the income would be in excess of 90k and if they were utilised for 40 hours per week the income would be in excess of 180k with the current type of room rental. If another treatment room were used for chiropractic the income could grow greatly.

Above the premises there is a flat owned by the same landlord as the practice which has great potential to be converted into further treatment rooms or a studio.

Price and terms of sale

The clinic guide price/offers in excess of: £50,000

A discount can be discussed with cash buyers.

Other information

Owners reason for sale is that opportunities elsewhere have arisen and they would like to pursue them.