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50% sale. DPA + MMM2 multi-dr GP clinic in FNQ

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Price $800,000 $Neg
Profit *

$505,595

Sales Revenue

$1,500,000

Location Far North Queensland, Cairns Region
Category Medical Services, Medical Professional
Listing # NSW11771
Sally Stuart Headshot

Sally Stuart

Business Broker

NSW

+61 2 9899 1999

+61 437 082 045

[email protected]

Cairns Region Medical Professional Business for Sale
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Cairns Region Medical Professional Business for Sale
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Cairns Region Medical Professional Business for Sale Slide 4 Thumbnail

About this Business for sale in Cairns Region

2x directors, one is staying and working the other is leaving to retire… will you be this profitable and established practice' new working director?

Overview

  • Practice established 40+ yrs since the '80's

Team

  • 7x Drs remaining incl2x new regs, 3x nurses, a PM & 3 admin 
  • All drs are booked out daily (Jnr drs see less pts)
  • Business owners have too many pts, they are always fully booked whilst some of the newer reg's are still building their patient lists
  • Other partner remaining is happy to stay there 3-5 yrs as a reg trainer together w/ 2x other FRACGP's

Clinic

  • Fully equipped w/ all the necessary equipment in very good condition w/ a lot replaced in 2024 (recently renovated)
  • 8 big CRs, 4 tx rms, a procedure rm, vacc room, a sterilizer & equipment rm, 2 storerooms, kitchen, office & a toilet. It has a huge waiting rm & a very lge receptionist area
  • Floor space is 323m2. It consists of 2 units (front part is 231m2 & back part is 92m2
  • The practice bldg has unlimited parking and is located very centrally with easy access
  • Just under 100 car parks for the pts surround this shopping precinct located clinic

Pts

  • Loyal patients stretching over 3 generations, so never advertised for pts as word-of-mouth referrals in abundance
  • Pts ae mostly locals with lots of excisions for Skin cancer and CDM's for the older folk

Business

  • EBITDA >$500K on average over the last 3 yrs, seeking $800K for half the business + a patient load 

Lease

  • The lease has been renewed July 2024 for 5+5+5 yrs so will be assigned/transferred
  • The pathology is in a separate unit in the same building. It is not part of the medical centre arrangements or income. It is independent. 

Bookings + Billings

  • Online booking via HotDoc
  • Mixed billing + fees going up again soon. They only bulk bill Aboriginal and/or Torres Strait Islander pts, Pension Concession Card holders, Health Care Card holders,  DVA Gold Card holders + Children aged 0-15 yrs. All other pts are privately billed

Services

  • Cosmetic procedures
  • General + Family (men's + women's) Med
  • Indigenous
  • CDM incl Diabetic + Asthma
  • Skin Cancer + Minor Surgeries
  • Fractures
  • Pregnancy & Neonatal
  • Vacc

Accreditations

  • AGPAL 
  • RACGP for reg training.

Online meetings with the vendor available after hrs Mon to Thurs nights. Site visits can take place at a mutually convenient time a/hrs. Weekends and after hrs weeknights both OK!

Broker: Sally Stuart
0437 082 045
[email protected]

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

Ref: NSW11771

Note that details of the business for sale may be confidential and disclosure is subject to completing a Confidentiality Agreement and is at the discretion of the Broker.

To find out more, complete an online confidentiality agreement by clicking the button below.

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Sally Stuart

Business Broker
NSW
+61 2 9899 1999
+61 437 082 045
[email protected]

For reasons of confidentiality a stock photo image may be used to represent the business for sale.

*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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