3,000 new homes are to be built in this suburb over the next 3-4 yrs. There is great potential to grow this state-of-the-art clinic as the popln increases by another 8,000-10,000 people. There are no other GP clinics w/in 5 kms of this growth corridor, making it a desirable acquisition for a motivated GP. Nearly clinics have a waiting list of 1-3 wks which makes this clinic w/ its good reputation & a growing brand a desirable destination as pt bookings can be secured quickly.
This purpose-built clinic was created + opened in 2021 so everything is new. As the clinic grows w/ the surrounding popln & other GPs are recruited, the additional CR's will need to be fitted out w/ couches, computers etc. 3x CR's are currently fitted out & used by clinicians. Another GP will start 3rd wk July + a GP couple pencilled in to start there at the end of Aug. The pt base will potentially have all ages, as there are 3x schools nearby plus many retirees relocating to this area from Sydney due in part to the value for money they can get here.
Site visits may be scheduled out of office hrs ideally or on a weekend, to maintain confidentiality. The vendor is happy to commit post settlement on an as-and-when reqd basis for up to 3/12 to ensure a smooth handover, esp with all of the commercial contracts & business details.
The clinic is currently seeing 36 pts/day w/ the current GP, & billings are $1775/day, or over $460K pa on this rate. The vendor is seeking $150K ONO.
Broker: Sally Stuart
Mob 0437 082 045
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THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND INQUIRIES 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.