Chiropractic Practice for Sale, Douglas, Cork, Ireland
To be sold alone or with it's secondary clinic in Youghal, Ireland
This profitable and well managed practice is for sale either on it's own or as a package with it's secondary clinic in Youghal, Ireland.
Key features
- Well located, being visable from the road and with ample free parking
- Long flexible lease with good break clauses
- Well systemised and with good support staff
- Further potential to expand
The practice
The practice was established 5 years ago and has seen a steady growth since then. The owner and main chiropractor plus one associate see approximately 250 patients per week between them. The techniques used at present are Gonstead, Diversified and Drop.
The practice operates from an established medical centre and comprises:
- 2 treatment rooms
- 1 massage room
- reception area
- bathroom
- parking for up to 35 cars
The financials
Current Income and Profitability is 358,093 euros and 216,722 euros respectively.
The area
Cork is the second largest city in the Republic of Ireland and is the heart of industry in Southern Ireland. The clinic is on a main road in a professional area.
There is ample car parking and a bus service.
The staff
The main CA is likely to be retained during the sale process, which brings value as they have knowledge and experience of the practice operations and patient base.
The lease
The lease is 25,000 euros per annum and it is 5 years into a 20 year lease. There is an annual break clause that makes this a very stable yet flexible arrangement.
Marketing / New patients
The practice has a databse of patients that is used for marketing and it also has a website under construction.
Last year there was an average of 6-8 new patients obtained per week however the average over 5 years was 11 per week.
Potential
The treatment cost has been 40 euros for three years so there is potential for a marginal increase.
With the space of the practice there is room to treat more patients within normal working hours by utilising the massage room.
The practice is also only open on Saturday's when required; this could be fully utilised to increase income.
Price
on application
Other
Owner relocating abroad so genuine reason for sale
Interested?
Contact details to follow...