Business Sold BS143109, Frankston North, Victoria 3200
Business Category Medical Practice
SOLD
Description
Sold! Modern Medical Clinic – Shopping Centre In South East Melbourne
Business ID: BS143109
Net Profit $225,000 (2021 FY) and asking price $625,000 + SAV
This practice was opened in April 2014 and operates from modern premises (5 consulting rooms, treatment room etc) on a separate pad within the extensive car parks of a shopping centre. The lease expires in February 2024. Major tenants include Woolworths, K Mart and McDonalds. The Centre tenants also include a pharmacy and a dental practice.
The practice has 3 doctors (EFT 2.3 at 70% of gross), two part time nurses, part time practice manager and 2 casual receptionists. The owner only works on an occasional sessional basis. Allied health – psychologists, dietitian,podiatrist, audiologist – is also part of the services offered. From August 1, 2021 it became a mixed billing clinic. There are 20 car parking spaces designated for the practice.
-Modern, spacious premises
-Convenient location with easy access and plenty of parking
-Three doctors, nurses and allied health as well as pathology
-Profitable and under management
-Potential for further growth
Terms of settlement: 10% deposit paid on signing of Contract with the remainder paid on settlement
Excellent practice for either first-time or experienced operators.
Asking Price: $625,000 +SAV
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This business is somewhat unique and has no similar competition in this region, category or price bracket.