Rrma 4, Dws Location For Sale 3.5 Hrs Ne Of Sydney W/ Gp Remaining On A P/t Basis For Up To 5 Yrs

This practitioner owned BB clinic in Taree has a mature-age GP looking to shorten his working week; by selling the clinic and working for the new owner 2-3 days a week for the next 5 plus years if mutually agreeable. The owner is run off his feet at the moment with an over load of patients and is now 73 yrs of age. He isn't open w/ends and Mon to Fri he is open 7.30am to 2pm. He wants to reduce his days to 3 days a week under the new owner and take additional holidays each year. There is a chronic shortage of GPs in this area so there is certainly potential here to add GP's, open additional hours, and open up the practice to new patients. The current practitioner is no longer seeking additional patients and has not marketed his services for a long time so massive opportunities here to grow the practice for a motivated buyer. He would consider an earn out or a sale whereby his tax burden is not excessive. 

The owner rents the practice and his gross billings last year were over $700K atm. The practice is centrally located in Taree, with 6 CR's and 2x reception areas which might lend itself to additional income streams by allowing allied health patient to access different providers directly from the street to the GP patients, thereby separating sick from well patients from a hygiene perspective. The pathology is just next door. With extended opening hrs and additional drs, the practice could gross over a million dollars easily. $63,293.41 are received from the government for PIP & PNIP payments.

Re the design of the practice, there is a separately lockable section with about 3.5 rooms (1/2 a room is being used currently for medical supplies storage) which could be sub-leased to another entity...it was previously used by a legal team and in the future could be filled with associated health practitioners to make this a health home/wholistic integrated health centre. There are currently no taps or sinks in these rooms so wouldn't be suitable for GP rooms as they wouldn't meet the accreditation standards but might be suitable for allied health. There is a hallway which joins the 2x areas and is separately lockable...so options for the new owner to make this space a great income earning opportunity! There is a new F/T nurse just starting there (July 2018) who will be able to support the GPs with their CDM patients; thereby allowing them to work smarter not harder and make use of the 700 item numbers to provide the annual and biennial check-ups for the elderly and the frail in the community. 

NSW00535

Sally Stuart

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