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Refer to Broker
$1,820,000
This well established practice is currently perceived in the community as a health destination with many practitioners all located in the same building in a prime position in Brunswick, Vic. This is not a DPA location and is MMM 1. The business and the freehold are both for sale with a recent valuation indicating that the building is worth $3.5M. Plus there is a council permit current for 8 doctors! Active patient numbers at this clinic are 5952.
Only the medical business is being sold (which includes the GP patients and drs plus allied health, cosmedical and path incomes) with the Cosmetic business to be held by the current owner. The cosmetics business is another entity, employs its own staff, has a separate ABN, separate tyro machine and uses 2x rooms ($36K pa). The dentist uses 2x rooms and has a sublease ($54K pa), the pathology has a sublease ($60K pa) and so does the podiatry. This income combined is over $13K per month; making the space rent positive for the business owner currently. Other allied health (physio, exercise physiologist, dietitians and psychologists) all pay a fee spit of the income that they make from the business. Additional income into the practice is from PIPS and PNIPS ($46K pa).
GP business – This is a mixed billing clinic, with about 65% of all patients using bulk billing. The GP business can use up to 7 consulting rooms so currently with just 2x FT GP's there is room to grow this clinic. There is a 2x bedded treatment nurse plus a nurse room for this section of the building, pus 7 toilets, including 1x disabled and also a shower. The owner works approximately 30 hours in this business and is happy to maintain this workload as a clinician for a minimum of 3 years with the new owner. His goal is not to manage the business (oversee accreditation, do recruitment etc)
Real Estate available for $3,500,000
Check out the virtual tour for this business here: https://my.matterport.com/show/?m=5hRgDCvzeWS
Listing ID: NSW08966
Brokers: Sally Stuart + Michael Torcasio
Mobile: 0437 082 045 + 0419 556 593
Email: sally.stuart@linkbusiness.com.au + michael.torcasio@linkbusines.com.au
To complete an online confidentiality agreement visit this business and enquire now: http://www.linkbusiness.com.au/NSW08966
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.
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