SOLD

Physiotherapy Clinic (price reduced to $70,000)

RICHMOND VIC

Last asking price $70,000

Sold June 2023

Personal Services, Health & Beauty, Business Services

Physiotherapy - Physiotherapy Practice, Clinical Pilates

- Asking Price: $70,000
- Annual Sales: $175,000 (excl GST)
- Annual Net Profit: approx $112,000

LEASE DETAILS
- Monthly rental of $4,074 (plus GST) inlcuding 'Facility Costs'
- 5+5 lease commenced 1 January 2010
- Annual increases of 4%
- Rental includes two treatment rooms, full reception services and facilities, car park, computer network, access to printers, fax and photocopier, telephone and internet, HICAPS terminal and phone line rental, cleaning and cleaning supplies, rubbish collection services and paper disposal, sanitary disposal, stationery, and electricity
- Such a fantastic lease agreement for a sole practitioner leaves minimal expenses to cover outside of rental and allows you to simply apply your trade without the day-to-day business administration and reception drawbacks that might otherwise be experienced. However, certainly scope for growth through employment of staff if desired

OVERVIEW
- Business was started 8 years ago by current owner
- Consists of two large treatment rooms within a dental clinic. Access is provided to reception area, administration room (printers, fax, filing, etc), staff room and kitchen, toilet/ shower/ locker area
- Primarily private clients, some compensable clients (Workcover, TAC, EPC and Veterans' Affairs)
- Current fees are $80 for initial consultation, $70 for standard consultation. All consultations are of 30 minutes duration
- Current hours of operation are 11am-8pm Mon & Wed, 8am-3pm Tue, Thu, Fri. Council permit allows operation from 7am-9pm if so desired
- Comprehensive patient database and history maintained using Practice Studio computer software package

PHYSIOTHERAPY
- Treatment approaches are predominantly "hands on"
- Specialising in all musculoskeletal injuries and conditions including sports injuries, back and neck pain, post surgical conditions, general physiotherapy
- Strong relationships with local sports physicians, orthopaedic surgeons, podiatrists, general practitioners, massage therapists and fitness trainers
- Large referral of patients from Epworth Hospital located very close by

STRENGTHS/ BENEFITS
- Perfect setup for someone wanting to be their own boss and work their own hours
- The sub-lease provides all necessary services at a very reasonable monthly cost
- You are buying a well established practice which has a quality modern fitout, with a large referral network, an extensive patient database with forward bookings, and positioned in close proximity to one of Melbourne's major hospitals
- All necessary plant and equipment and computer hardware and software included. A new owner can start treating from Day 1!

REASON FOR SALE
- Owner selling to pursue some other endeavours

Contact Cameron Ryan of Boyd Ryan Business Sales & Consultants on xxxxx for a confidential discussion about this business or register your interest below to receive a comprehensive Business Information Memorandum. Please quote reference BR1067.

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