If you are thinking about getting a bolt on business or a part time role to supplement your income; stop looking! The state of NSW has issued 12 methadone dispensing licenses and will not release any more…this is an opportunity to own a restricted business, with high profitability and little effort to maintain.
PERIOD ESTABLISHED: The medical centre was established in 1982, some 34 years ago. The current principal has been with the practice since 1998.
OWNERSHIP: The medical centre is owned by a principal doctor (2/3 share) & NUM (1/3 share) and managed through a company structure. Note: A 100% of the clinic is being sold.
LOCATION / POSITION: Located in the North Shore Hospital Complex of Sydney. Only private exclusive pharmacotherapy clinic, on the northern Sydney suburbs.
CLINIC LAYOUT: Consists of 2 consulting rooms, private waiting room, dispensary, NUM Coffee and toilets. The rooms are modern, have sinks are fully furnished and equipped
SECURITY OF TENURE: The clinic premises are under a current lease of 5 years stemming from a 5-year option exercised in Feb 2016 to 2021 plus another 5 yr option to Feb 2026
CLINIC DOCTORS: There are currently two working male doctors (one being the principal) accredited Methadone prescriber assisted by the NUM. Principal Doctor works Tues (2.30pm-7pm) & Wed (5.30am-8.30am), being his face to face consultation time. He puts in another 3 hours/wk. in admin, meetings etc.
STAFFING: Currently, the clinic employs a handful of qualified experienced RN’s and is overseen by an experienced Nursing Unit Manager (NUM).
PATIENT NUMBERS: The principal has approx 140 pts under treatment. Note: Apparently, there is no limit or controls, on the hours worked or patient seen, from the public sector. There may be a NSW Health limit on clinics of some 350 patients.
FEE STRUCTURE: The clinic is mixed billings with an average of 30% B.B. and 70% private fees. The principal doctor receives 100% of the Medicare income of some $100,000pa wkg only 42 wks pa. The doctors averaged $50/patient/consult. Note: All medication are provided free of charge/Bulk billed by the Dispensary.
ASKING PRICE: TOTAL =$150,000 (inclusive of goodwill, plant, equipment, furniture instruments & stock)
WHY SHOULD YOU BUY this MEDICAL BUSINESS?
- Huge potential to expand with possible additional hours
- Excellent, secure location on the North Shore in Sydney
- Accredited with EQUIP for next 1 year
- Very cheap buy considering it would take at least the asking price if not more, to establish, such a clinic on the North Shore
- Excellent work environment with full set up & specialised back up
- Principal prepared to work with buyer for an agreed period to facilitate a smooth hand over
- Patients reviewed monthly so additional scope for more frequent reviews is possible
- Very little promotion has been undertaken to achieve additional growth through referrals and only worked on internal word of mouth growth
- Income easily increased through the new D&A Speciality recognized by Medicare
- Very difficult to get approval for a clinic even in a public hospital
- You could build a larger practice with significant increase in revenue and profits (ie business is relocatable)
- Large existing patient base, working with referring GP
- Long established specialised private pharmacotherapy practice
- Top staff, experienced NUM, and support network
- Principal remaining as referral GP
- Excellent income and annual profits
Ref# NSW08667
If you are interested in hearing more about this practice, please email [email protected] or call on 0437 082 045 for a confidential conversation.
To enquire on this business visit www.linkbusiness.com.au/NSW08667 and click on "enquire now".
For full details contact Sally Stuart on [email protected] or on 0437 082 045.
Note: 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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