About the Business

Vendorssellingbusiness ($299K) &bldg ($1.6M) or long lease (base rent was $143K pa plus GST)

Overview
• 2x GPs each wkg 3.5-4x days/wk (may increase to 5 days if the new business owner agrees)
• Seeing 90-100 pts/day
• $700k+ worth of medical Fit-out
• GPs pay room rental (not fee split) but will change to fee split under new owner
• Path rents 72 sqm, remaining MC is approx 260sqm
• Floor area of 331sqm + 12 secure basement car-spaces (4 are in behindother car spaces) w/ 2x disabled car spaces + 24 shared spaces
• MB, only paediatricsare BB, the remaining patients pay a fee forservice unless they have a gold veterans' card
• The GP's spouses manage the business (Approx5 hrs/wk)
• Directors are not paid a wage &are keen to do other things so the GPs will stay &the spouses will handover the managementto the new owners
• 1x FTE reception staff(x1casadmin) -busy w/the day-to-day transactions
• Clinic is not accredited so no Govt incentive; an opportunity for the new buyer to add plenty of value
• BP PMS
• Building entity pays the strata, not the business entity

Financial snapshot
• Total Rent/pa= $143K
• Allied health (incl path) pays approx$100K pa

• Laverty =$81,576K pa + 3% inc in Feb 2025
• Psych (Jan '24) =$320/12 (wks 1 day/wk)
• Chiro/Naturopath: (Feb '24) =$1,733/12 (wks 5x days/wk)
• MC rent is $68K pa or just$5,750 per month before allied health - long lease options available
• Drs x2 eachpay$6,700/12+ GSTroom rent($160kpa)


FY24 billings
• GP1 = $610K
• GP2 = $435K

Billings for last 6/12
• GP1= $520K(4x days)
• GP2 =$314K(3.5x days)

GP1 &2were doing 3/4 days each during FY24. Theincome is not reflective of F/T hrs.

Billings are paid directly to GP (for payroll tax reasons).The incomethe MC receives is the GPservice fee/rent.

The drs were paying service fees up to 12 Dec '23; after that, room rent. The invoice in March 24 were higher for both drs to pay back the initial $35k x2 ($70k directors' loan). Since then, each drpaysrm rent.

The 2 Drs will stay on w/service fee arrangements + tenure at the practiceto benegotiated w/thebuyer.

Site visits to be scheduledAH's Tues orFri from 5.15pm only. Online meetings an option too!

Note: All inquiries will be handled w/the utmost confidentiality to protect the privacy of the current staff and operations.

Listing ID:NSW11567

Broker: Sally Stuart
[email protected]

Purchasers are required to make their own inquiries in order to verify the infoprovided.

Ref: NSW11567


Ref: NSW11567
Timestamp: 20250410043003