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Lower North Shore. 2x FTE GPs Remaining. Lease.

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Price $150,000
Profit *

$30,000

Sales Revenue

$450,000

Location Sydney Region, North Shore - Upper
Category Professional, Medical Professional
Listing # NSW08801
Sally Stuart Headshot

Sally Stuart

Business Broker

NSW

+61 2 9899 1999

+61 437 082 045

[email protected]

North Shore - Upper Medical Professional Business for Sale
North Shore - Upper Medical Professional Business for Sale

About this Business for sale in North Shore - Upper

  1. 2x FTE Drs remaining, all P/T
  2. New lease can be negotiated with landlord for long or short term
  3. Renovations can be undertaken with landlord consent.

This salubrious suburb hosts a clinic offering the local community a full range of family medical services. It is a mixed billing clinic and fees are $75 per standard consult & $120 for a long consult otherwise they can be bulk billed at the drs discretion or with a valid card. With 4x CR’s, an incoming buyer can take a room if they are working full time and the others can 'hot desk' as they are all currently working p/t hours.

With a mature male (who is the freehold owner) & 3x female drs remaining, the goodwill of the business will remain if the buyer is happy to keep these established GPs. The GPs work as follows:

  1. 2.5 days/wk, Grandfathered GP + happy to remain working p/t for another 4 to 5 yrs, whilst he is still able, on 65% of billings + super
  2. 3 days/wk, female VR GP, 70%
  3. 3 days/wk, female grandfathered GP, 73%
  4. 2x 0.75 days/wk, female unrestricted VR GP, 65% + super

This clinic is in a high socio-economic suburb, whereby the median household income is more than twice the national medium; so well-to-do patients attend via bookings. The clinic is AGPAL accredited so eligible for PIPS, SIPS, and WIP payments. The current lease ($70K + GST + oncosts) will finish in Oct 2021, howe4ver the landlord would be delighted to offer a long term lease to the incoming business owner. There is a residential tenant on the top floor and it is not an option for the medical centre to be expanded into this space. This business really needs a full time GP owner to focus on it, to nurture and to grow the business into something that will become their legacy for the next generation of doctors. As the only clinic in this suburb and diagonally opposite the train station, there is plenty of pedestrian traffic straight past the front door every day! Schedule a walk through site visit today with me! Any night at 7.30pm or weekends at a mutually agreed time.

Ref: NSW08801

Sally Stuart
Business Sales Consultant
Phone: + 61 2 9899 1999
Mobile: +61 437 082 045
Email: [email protected]

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

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.

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Sally Stuart Headshot

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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