Allied health practices are certainly valued higher in our major cities compared to regional Australia which is encouraging some practice purchasers to look further afield. This is being complemented by improvements to our public transport systems, which makes living with a daily commute a more viable option, these projects are abound throughout Australia. This will likely have a positive effect on allied health practice values that are a bit further out, as they are enabled easier access to the city centres. As well, COVID-19 has created a push away from living in capital cities as people move to regional areas. Here are some reasons why you should be looking at potentially purchasing a clinic for sale away from the city.
More Bang for Your Buck
Acquiring an allied health clinic (it may be a Physiotherapy, Podiatry, Chiropractic, GP, Osteopathy, Speech Pathology, Occupational Therapy, Psychology, or other type of clinic) away from these higher priced capital city markets will allow you to get more for what you pay for. Whether it is a larger practice or a much better location, your quality of living will likely be better.
The Best of Both Worlds
Running an allied health practice in the city does allow you to experience the adrenaline-inducing fast pace, conveniences, and opportunities. However, would not it be better to avoid all these flashing lights and noise and run a calm, successful practice in a smaller town outside the city?
Lack of Competition
There is no doubt that in regional areas of Australia there is a shortage of allied health (& medical) practices. There are many practices in these regions that have stopped taking new patients or who have a very long waiting list. Buying a clinic in regional Australia will mean that you have little or no competition.
At the end of the day there are a multitude of reasons why you should consider practices for sale outside the major cities of Australia. We here at Healthcare Practice Sales have several allied health clinics for sale located in smaller towns nationwide. If you would like to know more contact us today.