Under Contract (Do Not Enquire)

Price

$1,725,000

Profit *

$240,000

Sales Revenue

$446,640

Location

Parramatta, Northmead

Category

Medical Services, Medical Professional

Listing #

NSW10838

Northmead Medical Professional Business for Sale
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Northmead Medical Professional Business for Sale
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About this business for sale in Parramatta, Northmead

With DA for more parking + CR's, this means more GPs can provide pt services from this great location w/ 3x CR's. Currently a solo GP w/ allied health sub-tenants, this GP business & bldg are selling. Approved hrs are 9am til 6pm, 7 days/wk. Owner is selling to relocate overseas, so no concern w/ trade restraints!

Purchased in May 2018, this (previously accredited) clinic has been servicing the community for decades! Located in a free standing, converted clinic; there have been significant recent upgrades to the practice. The premises have seen parking extended to 9 lots w/ car shade cover for 8 + a disabled/ambulance bay. The internal infrastructure has been modernised, w/ tiled floorings, painting & creation of a wheelchair accessible toilet. There have been podiatrist & dietitian services since 2019. Laverty path has paid rent from prior to 2018. Parramatta council has granted approval for additional GP's to work at the practice w/ the additional CR's. The place has huge potential to prosper for the incoming new GP/business owner, in view of the est facilities & new multi-story apartments being built nearby, thereby boosting potential pt numbers & income. Having a shopping plaza across the road & chemist + dentist nearby, are bonuses. Vendor will provide full support post settlement for a short transition (6-12 wks).

Staff/nurses are cas. Podiatry + Dietitian pay 20% + GST for use of facilities. GP owner provides mainly BB services, w/ workers comp + insurance reports being supported mainly for current pts (which is a potential growth area). Non-Medicare pts are privately billed at $90 for their first visit & long appointments, then $75 for subsequent standard consults. Should a female GP move into this location, there is the option to become a mixed billing clinic primarily offering privately billed fees for service. Current SWPE = 508.

Building for sale at $1.6M ONO

Initial vendor meetings will take place online AH's. For those that wish to then progress with an in-person site visit, it will be scheduled AH's weeknights or over the weekend. 

Broker: Sally Stuart
Mob: 0437 082 045
E: [email protected]

THE PROSPECTIVE BUYER IS REQUIRED TO MAKE THEIR OWN INVESTIGATIONS & ENQUIRIES IN RELATION TO THE BUSINESS PRESENTED & NOT TO RELY UPON WARRANTY OR STATEMENT MADE WITHIN THIS ADVERTISEMENT, BY THE VENDOR OR BY ANYONE ON THE VENDOR'S BEHALF.

Ref: NSW10838

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.

To find out more, complete an online confidentiality agreement by clicking the button below.

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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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