Overview: Podiatry Business Central is delighted to offer to the market the rare opportunity to purchase an established, profitable practice offering an immediate return on investment for a new owner. The opportunity is suitable for either a podiatrist looking to buy their own ready-made clinic – or an existing business owner looking to increase their portfolio and to run the business on an arm’s length, fully managed basis. The clinic is being sold due to a planned retirement. The owner is happy to offer a reasonable level of post-sale handover support to ensure an optimised transition. The clinic benefits from an excellent local tube connection and is readily commutable from a wide range of Greater London locations.
Reason for sale: Retirement
Turnover: The clinic has achieved net annual revenue in the region of £200-£250k over the last 3 financial years, with an overall growth trend over this period.
Offers considered over £80,000
Location: The single branch practice is situated within a 5-minute walk of a major London Underground station. The practice benefits from excellent transport links and an immediate potential catchment population of over 300,000.
Tenure: Leasehold. Annual rental and lease terms TBC (i.e. to be negotiated in the wider context of the sale.) The business is being offered on a leasehold basis, but an option to purchase the freehold* may be available from the landlord.
Clinic set up: The practice operates from modern ground floor commercial premises with multiple treatment rooms, all benefitting from full disabled access.
Level of owner-centricity: medium to low (the HCPC registered owner is responsible for a minority of clinic chair time, meaning that patient goodwill should translate readily to a new owner.) Day to day operations are centred around a specialist podiatry computerised practice management system. Most back-office functions have been either delegated, outsourced or automated. In addition to their clinic time, the owner spends an average of half a day per week on management duties and will be pleased to support a new owner to ensure a smooth transition of operational knowhow.
The vendor will remain available in an associate capacity to assist with the handover of operational know-how and clinical relationships.
Equipment: A good range of podiatry equipment is included in the sale of this multi-clinic room operation.
Specialisms: Most of the work undertaken is routine, repeat treatments.
EBITDA: On application (only available to prospective buyers we have pre-qualified as being able to realistically deliver on their interest who have signed a non-disclosure agreement.)
Looking for a profitable, podiatry practice for sale with a similar profile, but in a different location? Or looking for a larger or smaller podiatry clinic for sale in Greater London or elsewhere? Many of our clients wish to maintain strict confidentiality when offering their practices to the market. For this reason, many of the practices we sell are not openly marketed via adverts like this.
To find out about the full range of podiatry clinics we sell, please get in touch to register your interest: 0161 929 8389.