Chiropractic Practice for Sale, Newcastle-Upon-Tyne, UK
Exciting opportunity to acquire a Chiropractic practice with huge potential for growth
An outstanding opportunity has arisen to acquire the oldest established chiropractic practice in vibrant Newcastle Upon Tyne.
The practice was established in 1976 and has tens of thousands of registered patients with a fantastic, second to none reputation.
It is a busy practice with excellent systems and outstanding staff in place. With a principal involved there is vast, vast potential to increase earnings.
The practice is located on one of the main roads leading in and out of Newcastle city centre to the North and has plenty of free parking.
The premises are a stunning, spacious ex GP clinic which has been improved and maintained to an immaculate standard. Currently there are 2 Chiropractic treatment rooms, 6 rooms rented to other therapists bringing in around £30k per annum and one storage room which could easily be rented out or used as a third chiropractic treatment room.
Referrals are predominantly word of mouth with innovative in house advertising complimenting this. There is huge scope for a targeted advertising campaign.
The average net profit of the clinic is £69342. These figures are without the principal seeing patients. Earning potential is huge for an active principal. (These figures have been extracted from the annual accounts and adjusted according to the industry-wide accepted model. Effectively this removes some of the personal and associate costs.)
This sale due to present owner now being based overseas permanently and wanting the practice to benefit an enthusiastic new owner.
The building is available to lease at two thirds of what it already earns on a long and secure lease. Free hold purchase is also possible.
Offers to purchase outright, lease/purchase or lease the good will, fixtures and fittings etc are sought.
Interested?
Contact the vendor, Matt Bailey direct on...