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About this Business for sale in South Western Sydney

This mixed billing clinic has been in this location treating 4x generations of families for over 50 yrs. It is very well established & runs efficiently with about 2x FTE's made up of 4x p/t GPs working across a 2x consulting room & 1x treatment rm practice. It is on a strip of shops within a residential community. Next to a chemist, this practice boasts a whole patient equivalent (WPE) of 2461 & a standardized whole patient equivalent (SWPE) of 2723. With 3x associates & 2x at or near retirement, the time has come to discuss exit strategies. Each of the associates wks about 25 hrs/wk & there is another consulting GP who also wks about 20 hrs/wk. There is no written associate agreement however, all decisions are made unanimously. 

Over the last 3 yrs, including the COVID yr which actually saw an increase in their gross billings due to the increase of BB telehealth consults, the average gross billings were about $1.085M. There is no monetary value in any remaining P+E so the sales price is reflective of the goodwill of the long-term established practice within the community. The clinic is accredited, and they receive PIP's from the govt.

There are also nursing home visits carried out by 3 of the 4 GPs and each GP is affiliated with one aged care residence to ensure that the residents experience continuity of care. There are 2x car ports and a separate room at the rear of the building (there is rear lane access and pts have used this as a COVID vaccination centre) which could be sub-leased to pathology or used as a designated treatment rm if a nurse was hired. The bldg is selling for $1.4M ONO at the same time as the business ($395K ONO). A long lease will be granted if you don't buy the bldg + the bldg may be sold to another party. Site visits will take place at a mutually agreed time ensuring that patient & staff confidentiality is maintained so after hours or over the weekend. 

The neighbouring bldg (2.5 rm residential unit upstairs & hair salon below) is also for sale if you are interested in developing both sites! Bldg size approx 254 m2 + block = 430m2. 

Ref: NSW09862

Enquire on this business by visiting https://linkbusiness.com.au/businesses-for-sale/ca/NSW09862 and click on "enquire now"

Sally Stuart
Business Sales Consultant
M: 0437 082 045
E: sally.stuart@linkbusiness.com.au

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

 

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*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.

Listing: #NSW09862
Profit*: $103,000
Sales Revenue: $435,834
Sydney Region, South Western Sydney
Professional, Medical
*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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