34 Km Sw Of Sydney. Gp Clinic + Bldg. 1.5 Fte Gps.

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
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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
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