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$342,000
$3,864,000
All Fellowed GPs are independent contractors on current contracts & the regs are employees on 55% + super. Vendor is seeking to sell & retire in the next year after running this practice for 35 yrs! He generated about 30% of the gross, so an ideal buyer is a GP who can take over the vendor's pts post transition. Now he is wkg 3.5 days a week so the business is less reliant upon his income. During the transition period, vendors days at practice will reduce to 2 days/wk before he completely retires.
The 4-units-in-1 clinic (w/ 9x car parks incl a disabled car bay + 2x lockable garages), is rented w/ 4 yrs remaining + 5 + 5 yrs terms, at $192K pa + GST + on-costs. There is a cash bond in place of about $50K which the incoming owner will have to replace. 1012m2 of space = 7x CR's, 1x single bed tx rm, staff rm, 2x offices for the F/T PM, 2x FT RN's (doing tx rm + care plans) w/ an admin team of 8x p/t + cas.
Getting PIPs, WIPs + SIPs, there are 2x accredited trainers so when the vendor retires, there will be 1x.
Located on a bus stop for pt convenience, this clinic is about to become more desirable as a private hospital is currently under construction 100m away; which should complete in 2024.
Clinic is open every Sat morning w/ 1x GP wkg on a roster for this shift.
The Regs work Mon/Tues/Wed/Thurs + Thurs/Fri – full days.
Level 1 finishes Aug 2024, level 3 remaining & undertaking exams in 2024 + a new defense force reg may be joining soon!
Serious vendor encourages offers!
For enquries + to complete an online CA, click the link: https://linkbusiness.com.au/businesses-for-sale/listing-enquiry/?listingid=35923b7e-3aa7-41cb-8360-32a6c2688098
Sally Stuart
0437 082 045
sally.stuart@linkbusiness.com.au
Details of this business are confidential & disclosure is subject to completing a CA.
Purchasers are required to make their own enquiries in order to verify the info provided.
Ref: NSW10381
*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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