Estcirca 90 yrs
Approx 6x FTE GPs -65/35%
Mixed Billingpractice+/-$3.8M pa
MD + Prac Soft PMS
Accredited training clinic (1.5 FTE regs at any time)
PMS is MD + Prac Soft
All FellowedGPs are independent contractors on current contracts &the regs are employees on 55% + super. Vendor is seekingto sell&retire in 2024 after running this practice for 35 yrs!Hegeneratesincome 3x days/wk, so an idealbuyer is a GP who can take over the vendor's pts post transition.During thetransition period, vendorsdays at practice willreduce to2 days/wk before he completely retires.
The 4-units-in-1clinic (w/ 9x car parks incl a disabled car bay + 2x lockable garages), is rentedw/4 yrs remaining + 5 + 5 yrs terms, at $192K pa +GST + on-costs. There is a cash bond in place of about $56Kwhich the incoming owner will have to replace. 1012m2 of space =7x CR's,1xsingle 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 8xp/t + cas.
Getting PIPs, WIPs+ SIPs, there are 3x accredited trainersso when the vendor retires, there will be 2x registrar trainers remaining.
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 completein 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
1reg works F/T hrs
2x F/T RN's and an EN
Path elsewherein the bldg so no income from path
1x p/t dietitian
The current PM is excellent &the business stable
The bldgwas purpose build as a MC w/2x apartmentsupstairs. One is used asanoffice &other was used as a residential unit for $25K pa
Rent is $182,640 pa + GST
Accreditation takes place in 2024 so the new owners wil not have to do this again til 2027
Clinic isopen every Satmorning w/ 1xGP wkgon a roster for this shift.
The Regs workMon/Tues/Wed/Thurs +Thurs/Fri - full days.
Level 1 finishesAug 2024, level 3 remaining &undertaking exams in 2024+a new defense force regmay joinsoon!
Serious vendor encourages offers!
Sally Stuart:sally.stuart@linkbusiness.com.au
Details of thisbusinessare confidential &disclosure is subject to completing a CA.
Purchasers are required to make their own inquiries in order to verify the infoprovided.
Ref: NSW11102
Ref: NSW11102
Timestamp: 20241120070002
