Wanted | GP with a wife who needs too many expensive shoes and handbags!Listing: #NSW00545
About this business for saleWanted | GP with a wife who needs too many expensive shoes and handbags!
With most GP clinics restricted by the freeze on Medicare, this practice is ‘thinking outside the box’ and working smarter not harder to achieve above-average results. With procedural work billed privately and at a higher rate, the skin cancer treatments, cosmetic services and minor surgeries that occur within this practice are all privately billed. The current owner is happy to support learning in these areas for the new buyer or alternately if the buyer has no interest in procedural skills, the current owner can continue to come up on a regular basis to undertake all vasectomies and all circumcisions.
With agreements in place with 3x of the local mines, there are a significant number of PEM’s undertaken at this practice. With 3x nurses to support the practitioner, 3x pts can be under process at any one time with a nurse in with 2x pts whilst the GP sees a 3rd pt in the tx room. The lighting in the Tx room is top-of- the-line, and all rooms have natural light high up. The building was architecturally designed and allows the GP + pts to have an easy flow.
Rent for unit 4/122 = $2800 per month inclusive of GST. Upstairs there is a 2 b/rm unit too which could be rented on a long term from the owner should a new buyer wish to live onsite.
Since July 1 2017 the practice has increased their level B consult price from $70 to $75, lvl C from $95 to $100, medicals have increased by $20 ea (approx. 7%) and medicals for humanomics increased by 25% from $60 to $75. The MC costs have remained static; therefore, profit hitting the bottom line of this practice has increased significantly. Recent monthly gross billings were $96,300 + a previous quarter being $288,500. Some of the expenses have been reduced recently too to make the business more profitable.
Only about 20% of the patients presenting at this practice are sick and billed through Medicare. The majority of pts are there for either an Occupational PEM or return to work appointment, or a procedure (skin cancer or minor surgery) so minimal sick pts! A non- VR GP can bill at the higher A1 rate in this location if they are not restricted by DWS (ie Oz or NZ grad) but restricted by 9AA (as a PR or Australian citizen and not yet a GP Fellow)! Currently there are 2x additional GPs wkg p/t at this practice as well as the owner who works Mon to Thurs or Fri. GP 2 who has committed for 12/12 at this practice wks 2x days a week being Tues + Fri; sometimes a 3rd day as well. The 3rd GP will work there 1-2 days a week.
Please get in touch with Sally Stuart in the first instance to discuss this great opportunity – 0437 082 045 or email Sally on email@example.com for a confidential conversation about this established practice in the centre of the Hunter Valley, right on the wineries doorstop!
Broker: Sally Stuart
Mobile: 0437 082 045
Phone: 02 9899 1999
To complete an online confidentiality agreement visit this business at: http://www.linkbusiness.com.au/NSW00545
The purchase 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.
*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.