Chiropractic Practice for sale in Central London (SOLD SEPT 09)
Fantastic commercial location
THIS PRACTICE HAS BEEN SOLD
The clinic
This exceptional practice based in the City of London has been established since 2001 and in 2007 it was renovated into an up-market and stylish practice to adjust patients from.
The practice comprises:
- 5 adjusting areas
- 1 large Doctor's office for new patients, ROFs and taking of x-rays.
- 1 reception area
- 1 front desk with Capable software and email/mobile phone text message appointment reminder software.
- Piped in music
- Kitchen cupboard and Toilet Facilities
- 1 room with X-ray processing unit and storage
- Extensive templates and manuals for the management of staff and running of the business.
The financials
The area
The practice is located in the heart of the financial district of the City of London opposite the affluent shopping area of the Royal Exchange. It is within walking distance of Bank, Monument and Liverpool St Underground stations and DLR Line to Canary Wharf. Bank of England, Lloyds Insurance, Leadenhall Market and UBS are all within 100metres. Located on a busy street, the practice has a high level of walk-in traffic.
The patients
Averaging 160 patient visits per week for 2008. Patients are made up of 25 - 50 year old city professionals who have an immense interest in keeping healthy to combat their stressful occupations. 55% of patients are on maintenance care - a very solid foundation. Many patients have private health insurance through their employing company.
The staff
The practice greatly benefits from two pro-active, health orientated and well trained C.A's. They work part time and are at the practice from 7.30-6.30 Monday, Tuesday, Thursday and 7.30 - 1.30 on Friday.
The lease
The property holds a lease until 2014 with three month break clause. It is reasonably priced for the prime location at £25,000 per year.
Marketing
The practice has an in-house selection of personalised Chiropractic brochures and handouts, a comprehensive website and an extensive database of patients that monthly newsletters are emailed to.
Potential
The two chiropractors can work alongside each other on Monday, Tuesday and Thursday from 8 - 6.15 and on Friday from 8 - 1.30, the practice is closed on Wednesdays.
There is great potential to increase the patient base by opening up Wednesday and Friday afternoon by appointing further associates. There is also the ability to market the practice directly to the HR divisions of the numerous banking and insurance companies within the area. 2008 had an average of 5.3 new patients per week using no external marketing.
Price
£180,000 (finance options available)
Other information
Owner relocating abroad so genuine reason for sale.
Interested?
For more information, more photos and a guide price please contact Claire at finance 4 chiropractors on:
T: 01872 242800
E:practices4sale@finance4chiropractors.com