If you are getting older, wanting to reduce your commute, tired of maintaining a large, allied health clinic (it may be a Chiropractic, Physiotherapy, Podiatry, Speech Pathology, Osteopathy, Psychology, Occupational Therapy or even a multidisciplinary clinic, etc.) or you are just ready for a change, you might be tempted to downsize to a smaller practice.
Below are a few of the common reasons that practice owners start looking at downsizing their allied health clinic.
Staff Have Left the Practice
When your practice staff find new positions or even look at starting their own clinic this can leave your practice with vacant rooms, excess space & potentially lower profits. While you may revel in the fact that you do not have an employee or colleague to worry about, you should begin to ask yourself – do you really need such a large practice?
A large practice that was once occupied by multiple practitioners can feel even larger and empty once staff members have left.
To Move Out of the City or Go Rural
Those practice owners who have had enough of the 9 to 5 grind, the traffic & faced pace lifestyle of owning a practice in a big city would consider a sea or tree change move. This outflux from city to country has dramatically increased since COVID-19 with many clinic owners selling up to go rural.
You can make significant amounts of money by selling your allied health practice in a prime location in the city and downsizing to a more fitting premise, especially in a rural location. There is plenty of profit to be made, which could help you immensely when looking at purchasing a smaller practice or even retiring.
If you are looking at selling your Chiropractic, Physiotherapy, Podiatry, Speech Pathology, Osteopathy, Psychology, Occupational Therapy or even a multidisciplinary clinic and are considering a downsizing move (especially to the rural parts of Australia) please make contact with us at Healthcare Practice Sales, as we would love to sell your city clinic & find you one to buy in an area that fits your sea or tree change dreams.