34 Km Sw Of Sydney. Gp Clinic + Bldg. 1.5 Fte Gps.
Sydney Region NSW Region, New South Wales
SOLD
Key Features
AI generated. Contact seller to confirm.
- Mixed billing GP clinic
- WPE 2461, SWPE 2723
- 1.5 FTE GPs, multiple part-time doctors
- Accredited practice receiving PIP payments
- 2 consulting rooms and 1 treatment room
- Building $1.4M ONO, business $395K ONO
- Turnover: $1.085M
- Net Profit: Not disclosed
- Rent/Lease: Not disclosed
- Stock Value: Not disclosed
- Established: Over 50 years
Business Details
Business Category Property Real Estate
This mixed billing clinic has been in this location treating 4x generations of families for over 50 yrs. It isvery well established& runs efficiently withabout 2x FTE's made up of 4x p/t GPs working across a 2x consulting room &1xtreatment rm practice. It is on a strip of shops within a residential community. Nextto a chemist, this practice boasts a whole patient equivalent (WPE) of 2461 &a standardized whole patient equivalent (SWPE) of 2723. With 3x associates &2x at or near retirement, the time has come to discuss exit strategies.Eachof the associates wks about 25hrs/wk&there is another consulting GP who also wks about 20 hrs/wk. There is no written associate agreement however,all decisions are made unanimously.
Over the last 3 yrs, including the COVID yr which actually saw an increase in their gross billings due to the increase of BB telehealth consults, the average gross billings wereabout $1.085M. There is no monetary value in any remaining P+E so the sales price is reflective of the goodwill of the long-term established practice within the community. The clinic is accredited, and they receive PIP'sfrom the govt.
There are also nursing home visits carried out by 3 of the 4 GPs and each GP is affiliated with one aged care residence to ensure that the residents experience continuity of care. There are 2x car ports and a separate room at the rearof the building (there is rear lane access and pts have used this as a COVID vaccination centre) which could be sub-leased to pathology or used as a designated treatment rm if a nurse was hired. The bldgis selling for $1.4M ONOat the same time as the business ($395K ONO). A long lease will be granted if you don't buy the bldg + the bldg maybe sold to another party. Site visits will take place at a mutually agreed time ensuring that patient &staff confidentialityis maintained so after hours or over the weekend.
The neighbouring bldg (2.5 rm residential unit upstairs & hair salon below)is also for sale if you are interested in developing both sites! Bldg size approx 254 m2 + block =430m2.
Ref: NSW09862
Sally Stuart
Business Sales Consultant
M: XXXXXXXXXX
E: XXXXXXXXXX
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THEBUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Ref: NSW09862
Timestamp: XXXXXXXXXX 0004
Over the last 3 yrs, including the COVID yr which actually saw an increase in their gross billings due to the increase of BB telehealth consults, the average gross billings wereabout $1.085M. There is no monetary value in any remaining P+E so the sales price is reflective of the goodwill of the long-term established practice within the community. The clinic is accredited, and they receive PIP'sfrom the govt.
There are also nursing home visits carried out by 3 of the 4 GPs and each GP is affiliated with one aged care residence to ensure that the residents experience continuity of care. There are 2x car ports and a separate room at the rearof the building (there is rear lane access and pts have used this as a COVID vaccination centre) which could be sub-leased to pathology or used as a designated treatment rm if a nurse was hired. The bldgis selling for $1.4M ONOat the same time as the business ($395K ONO). A long lease will be granted if you don't buy the bldg + the bldg maybe sold to another party. Site visits will take place at a mutually agreed time ensuring that patient &staff confidentialityis maintained so after hours or over the weekend.
The neighbouring bldg (2.5 rm residential unit upstairs & hair salon below)is also for sale if you are interested in developing both sites! Bldg size approx 254 m2 + block =430m2.
Ref: NSW09862
Sally Stuart
Business Sales Consultant
M: XXXXXXXXXX
E: XXXXXXXXXX
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THEBUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Ref: NSW09862
Timestamp: XXXXXXXXXX 0004
What's Nearby
Nearby Locations
Similar Businesses For Sale
This business is somewhat unique and has no similar competition in this region, category or price bracket.
