About the Business

• Est circa 90 yrs
• Approx 6x FTE GPs - 65/35%
• Mixed Billings practice +/- $3.8M pa
• ACGP accredited training clinic (1.5 FTE regs at any time)

All Fellowed GPs are independent contractors on current contracts & the regs are employees on 55% + super. Vendor is seeking to sell & retire in the next year after running this practice for 35 yrs! He generated about 30% of the gross, so an ideal buyer is a GP who can take over the vendor's pts post transition. Now he is wkg 3.5 days a week so the business is less reliant upon his income. During the transition period, vendors days at practice will reduce to 2 days/wk before he completely retires.

The 4-units-in-1 clinic (w/ 9x car parks incl a disabled car bay + 2x lockable garages), is rented w/ 4 yrs remaining + 5 + 5 yrs terms, at $192K pa + GST + on-costs. There is a cash bond in place of about $50K which the incoming owner will have to replace. 1012m2 of space = 7x CR's, 1x single bed tx rm, staff rm, 2x offices for the F/T PM, 2x FT RN's (doing tx rm + care plans)  w/ an admin team of 8x p/t + cas.

Getting PIPs,  WIPs + SIPs, there are 2x accredited trainers so when the vendor retires, there will be 1x.

Located on a bus stop for pt convenience, this clinic is about to become more desirable as a private hospital is currently under construction 100m away; which should complete in 2024.
• 10 drs - all P/T - get 100% of their income & then are invoiced fortnightly for their 35% fee spit
• Drs very stable, some there over 20 yrs 
• 2 regs will be replaced by another 2 in Feb 24 
• Path elsewhere in the bldg so no income from path
• 1x p/t dietitian
• The current PM is lovely & the business stable
• The bldg was purpose build as a MC w/ 2x apartments upstairs. One is used as an office & other was used as a residential unit for $25K pa
• Rent is $182,640 pa + GST

 

Clinic is open every Sat morning w/ 1x GP wkg on a roster for this shift.

The Regs work Mon/Tues/Wed/Thurs + Thurs/Fri - full days.

Level 1 finishes Aug 2024, level 3 remaining & undertaking exams in 2024 + a new defense force reg may be joining soon!

Serious vendor encourages offers!

For enquries + to complete an online CA, click the link: https://linkbusiness.com.au/businesses-for-sale/listing-enquiry/?listingid=35923b7e-3aa7-41cb-8360-32a6c2688098

Sally Stuart
0437 082 045sally.stuart@linkbusiness.com.au

Details of this business are confidential & disclosure is subject to completing a CA.

Purchasers are required to ma