Kent Physiotherapy Practice and Therapy Business for Sale £130,000

 SOLD 2013

About the Company

The company was established in 2002, has been under our client’s ownership since 2009. It serves as an independent care centre that aims to improve the health and well-being of an individual, using a variety of conventional and complementary therapies to suit their needs. A wide variety of therapies are available, including physiotherapy, massages, acupuncture, Chinese medicine and nutrition.

Our client estimates that income is roughly split 50/50 between private clients and insurance companies. Scope remains to potentially further increase trade through increasing the number of available physiotherapists and further develop the available rooms/new business.

Location

The company operates from within purpose built premises located in a prime residential area in Kent. The area is surrounded by residential dwellings and commercial outlets ensuring a constant potential source of clientele. The site can easily be accessed by surrounding regions due to its close proximity to major road networks.

Business Source/Clients

• High repeat and referral business
• Wide range of treatments and services available
• 50/50 private and insurance companies
• Limited local advertising
• Business website

Trading Hours

Monday to Friday 9.00am – 8.00pm
Saturday 9.00am – 5.00pm
Sunday Closed

Staff Structure

Our client oversees the business operations as the sole Director on a part time basis due to their other business interests. The business is operated by a full time manager, full time receptionist, freelance physiotherapists, and pay per room specialist therapists as required.

Scope and Development

• The business could potentially benefit from being run full time by a qualified therapist
• Continued local/regional marketing
• Direct approaches to targeted insurance companies, sports clubs etc
• Additional physiotherapists could be sought to maximise the available space
• Could potentially be further developed to increase room numbers (subject to planning and landlord consent)
• Sunday trading could be introduced (if desired)

Premises/Tenure

The company operates from within an impressive, purpose built detached property set within the heart of a thriving residential area. The premises measure approximately 237sqm and comprises of a car park to the front and side aspect, main entrance door leading to reception/waiting area, 3 well equipped physio rooms, a seminar room, Gym area, administration office, laundry room, staff kitchen, ladies, gents, and disabled WC, 5 additional therapy rooms. Our client advises that there may be an option to purchase the freehold (subject to negotiation with the landlord).

We are advised that the premises are Leasehold
Lease expires 2012 (renewable)
Rent £46,920pax
Rates £20,172

Financial Profile

2011 2012(predicted)
Turnover £292,000 £302,000
Gross profit £123,655 £130,000
Net Profit £33,500, £35-50,000(estimated)

Reason for Sale

Our client is selling the company in order to focus on their other business interests.

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