Location is not just the best thing about this practice….it could be the 56,000 customers that pour through the doors of this busy Westfield shopping centre. It could be the high technology that patients are using to registrar and check in upon arrival, meaning you only ever need 1x reception on the front desk. Or the text msg that patients get if their dr is running behind with an appointment so that they can go and do a bit more shopping!
With 3x GPs working currently at the practice, there is no need for a buyer to be a practitioner. With 2x CR's + a Tx rm, the practice is already accredited til Nov 2021 and is eligible to host registrars from the Feb 2020 intake. One of the GPs there now is an accredited trainer with the GP college. The software in use is Prac Soft and Medical Director. Everything is automated and there is one reception supporting the patients and the GPs. A $32K bank guarantee is required by the landlord (no personal guarantee).
Site visits can be organized during opening hours with the reception on site at a mutually convenient time. Business hours currently are 9am til 5pm (Thurs extended hrs til 7pm, and Sat 9am til 1pm. This Westfield shopping centre is supported by 3x large supermarkets as well as dentists, Chemist warehouses, health food centre and laser clinics. With 274 shops there are plenty of visitors to this centre and growth is virtually guaranteed! The location of this MC is between a Coles and a Coffee Club so great visibility. Westfield are also happy to look at extending the lease to 7 years.
The staff are in place so the sale is on a walk in/walk out basis. The staff will be terminated at settlement and can be rehired by the new owner or replaced with the buyer's staff. They are seeing approx 72 patients a day with 2x GPs. Mixed billing is now an option as the clinic is turning away 10-15 patients a day due to lack of GP cover. There is room for an after hr doctor to do from 3pm onwards after the nurse leaves, plus Saturday and Sunday as there are loads of foot traffic on Sat and Sunday. The current GP's are on a fee split of 70%.
This price includes the bond for the leased space plus the good will and all plant and equipment. There is currently a 3.5 year lease on the current place which can be occupied by the in-coming buyer with a license to occupy. From March 2020, there is the potential to have a new lease with the space next door becoming available from 9th March and an option to have a united title lease on both units. This will allow the new buyer to create a massive medical centre on site with up to 7x consulting rooms.There is an agreement already brokered to have pathology come in to the new double space with an annual rent of $55K, agreed for te next 6 years. As a training facility, this means tht the government incentives for this bigger location will be considerable and wil significantly offset the Westfield rent. You'll be eligible to receive PIPS, PNIPS, e-PIPS, and SIPS from ths clinic and no accreditation audits for another couple of years!
If you are interested in hearing more about this practice, please email sally.stuart@linkbusiness.com.au or call on 0437 082 045 for a confidential conversation.
To enquire on this business visit www.linkbusiness.com.au/NSW09002 and click on "enquire now". Ref: #NSW09002
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.
