Store expansion through the purchase of a branch enables you to grow your business, reach new patients and deliver new services quickly. Here are our Top 5 things to consider when purchasing a store.

Location

It is worth considering the geographic location of the new branch in comparison to your existing business. Will your current suppliers be able to service it and will you be able to provide additional staffing cover quickly and easily? You will also have to consider your management team’s time. Do they have the capacity to travel to the branch regularly whilst it is being set up?

Target Business

Apart from conducting your due diligence, remember to make sure you complete a market and competitor analysis to establish the branch’s ability to compete in the current market and its ability to grow and expand its services in the future. Regulation Compliance - Though you have experience with managing compliance at your existing locations, it can be challenging to replicate this at a new location. Time and effort may be required to train the existing team in your new processes and additional management oversight may be required during this transitional period.

Locum Cover

Whether you already rely on locums, or need support whilst you grow your direct locum base. Locate a Locum can provide you with a pool of local compliant locums, who can assist you in delivering services and keeping your store operations.

Locum Management Platform

With the added complexities of managing an additional location, a locum management solution can provide you with the tools, to track your locum coverage and availability in real-time. These platforms can also manage your locum compliance and simplify their payment at the end of their shift.

Locate a Locum can provide you with a flexible temporary locum pool to ensure your new store can continue to deliver services and remain operational during the initial acquisition. Whilst the Locum Management Platform can simplify the management of your locums across all your locations, freeing up essential resources and time.