LINK Business Brokers Australia

About this business for sale in Riverina

  • practice with $550-650K per year profit, and growing
  • 4 more doctors being recruited
  • plenty of room for expansion, including specialist suites and/or day surgery
  • looking to go to mkt at around $2.0m (x3+ profit) with the freehold available at $870,000

Current owner’s motivation to sell is to spend extra time with their family. Husband is the VR GP (with 2x additional fellowships) and accredited GP trainer who works full time in the practice. He is looking to reduce his clinical time and would be happy to remain on in a Clinical lead/consultant type role. The wife is a registered nurse + midwife, who undertakes all of thr HR recruiting and immigration processes to on-board additional OTD's for the clinic. They are bringing on another 3x OTD (60/4%) with a view to them having to have supervision for another 12 months before they are eligible for registration as a specialist GP after completing their exams and passing. One of the GPs will have a PESCI in Nov so will start in early 2018.

They started the practice 5 years ago and were busy and booked out from their first week. Their office staff are trained in first aid and currently 2 of their 6 nurses are completing a Certificate IV quantification.

Currently there are plans underway to increase the size of the MC by adding an additional 4 CR's which will take the total up to 9x rooms. They have a 2x bed tx rm, with Laverty path onsite too. The practice is close to the main road and the hospital and patients can park in any one of 4x car-parks and walk to the practice.

They are currently billing about $2.1M in gross t/o and are looking to increase to around $2.5M with the additional GPs

The equipment includes all furniture and fittings, including fitted kitchen staff and recreation area, computer server/IT system & a range of equipment.

To enquire on this business visit www.linkbusiness.com.au/NSW08058 and click on "enquire now"

For full details contact Sally Stuart on sally.stuart@linkbusiness.com.au or on 0437 082 045.

Ref: #NSW08058

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.

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*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.

Listing: #NSW08058
Price: $1,800,000
Profit*: Refer to broker
Sales Revenue: Refer to broker
Riverina Region, Riverina
Professional, Medical
*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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