Business for sale in United Kingdom – Central London – City of London – Cp031-well established consultant physician’s practice based in the medical centre of london, close to harley street-central london

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Business for sale in United Kingdom - Cp031-well established consultant physician s practice based in the medical centre of london, close to harley street-central london

Asking Price: 125,000 £ Real Estate: Lease
Sales Revenue: 200,000 £
Net Profit: 1 £
Year Established: 1995
Employees: Not Disclosed
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City of London/Central London

Business types:

Health care

Business categories:

Medical Practices ; Other Health Care

Business description

following fifteen years in private practice in and around the area, and an extensive and very successful career including senior posts in leading hospitals both in the uk and abroad, the current owner established this very popular practice, very close to harley street, almost five years ago. Operating as a consultant physician as well as specializing in two areas of specific medical interest, the practice has developed a tradition of excellence through providing personal medical care to the highest quality standards. The practice philosophy is based upon taking an interest in the ‘total’ person rather than pursuing a narrow diagnosis based around its specialisms. Patients with a diverse range of medical problems visit the practice but in particular those with abdominal pains, heartburn, diarrhoea, constipation, irritable bowel, ulcerative colitis, crohn’s disease, diabetes, thyroid disease and the metabolic syndrome. No one else in the area quite matches the offering of this practice. Conveniently located in the heart of the medical district of london, almost like a ‘home from home’ for its patients, patient comfort and care are at the centre of the practice. Well appointed with all of the necessary technologies, the practice has been created as a welcome respite with patient privacy respected and assured and is appreciated for being personal, friendly and approachable. As a result of the current owner’s extensive experience in the middle east and the practice’s intimate knowledge of middle eastern culture and medical problems that are prevalent there, the practice benefits from good referrals from throughout the area and in particular the embassies and consulates of these countries based in london. It is valued as much for general medical check ups as for the specialisms for which this business is well known. The business also benefits from excellent referrals received directly from general practitioners who trust the practice to ensure patients are well cared for and referred on to the appropriate consultant and surgeons, who in turn refer patients to be checked to ensure they are fit enough to be operated on. Many patients are regulars – visiting every one or two months. Operating only during ‘normal hours’, with charges under the going rates for the area and with just the owner in attendance, the practice has performed consistently well in recent years generating fees of almost £200,000 per annum and a surplus of income over expenditure in excess of £60,000 after pension costs and credit control costs totaling a further £15,000. As such this practice represents an excellent opportunity to acquire a leading harley street practice with excellent growth and expansion prospects. Key strengths: this practice is located in one of the most famous areas in central london, an area which enjoys a world-wide reputation as a centre of private medical excellence. Well established, the practice has an excellent reputation for high levels of personal care and for being friendly and approachable. Much of this comes from the appearance of the practice itself. It is furbished to a very high standard and has a very homely and relaxing feel to it – an aspect that is highly valued by patients who may be nervous and stressed about their consultation. Despite specialising in two specific areas of medicine, a large proportion of turnover arises from general medicine and referrals from gp’s safe in the knowledge that a patient will be very well looked after and referred to the most appropriate resource depending upon the diagnosis reached. The practice has a particular presence in the middle east and excellent relationships with embassies and consulates in london which also generates a constant and steady stream of patients. The business is registered with all of the major insurance companies and is a preferred provider for bupa and ppp. The practice premises has two medical licences. Key opportunities: there is an outstanding opportunity to build on the existing services and customer base of this practice. With a strong demand for services combined with a capacity to increase turnover, a new owner contributing fresh ideas, motivation and investment in resources will have every advantage of building on an excellent platform. Capacity in the practice is necessarily limited by the availability of its owner, a consultant physician, who has other commitments in hospitals across london. With room to easily accommodate two consultants within the existing premises, there is certainly scope to at least double the turnover achieved through the practice – and potentially even more if a new owner brings expertise in the form of additional specialisms. With a good presence within the middle east, there is certainly scope to expand work in this area. The practice frequently receives calls from clients to visit patients in their homes overseas which due to commitments at home it is unable to fulfil. Visits to further build up its network and additional marketing to the area – by translating the website into arabic for example - would enable the business to further penetrate what is already a very lucrative market.

Additional information

Additional information: Not Disclosed
Support & training: The vendor will be available for training and handover within the Practice to ensure a smooth transfer of the business to new Owners.
Reasons for selling: This is a genuine retirement sale.
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: no
Lease: yes
Lease terms: The premises are leasehold. The current lease is due to expire within the next twelve months, however it is easily re-assignable. Rent, including Rates is £40,000 per annum.
Location: The Practice is located within the Harley Street area, sharing Reception and Waiting Room facilities, covering the whole building. It occupies the Lower Ground Floor which is light and airy and very well furbished. It has two licences to operate and includes a Surgery, its own Reception/Office area which was originally a Surgery and could easily be re-converted, its own Waiting Room, several storerooms, kitchen and WC. The Practice is very well equipped and networked throughout. The premises are leasehold. The current lease is due to expire within the next twelve months, however it is easily re-assignable. Rent, including Rates is £40,000 per annum.

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