Nth side Melb 2x GP business w/ bldg. MMM1, no DPA

* Longest established clinic in this high growth suburb
* 2.75 FTE GP's w/ 1.75K FTE staying
* Business = $495K + option for sale w/ Bldg at $1.3M w/ total price being $1.75M
* MB (mainly BB + TAC + work cover + private)
* Combined Govt incentives = $67K pa
* Lots of CDM (many health card holders)
* Rent = $6.5K/12 if new buyer doesn't buy the bldg
* Path = $4k/12 rent
* SWPE = 1960 + WPE = 1794

Long term GP partners seeking to sell, one seeking to retire, other beloved GP with long standing and loyal patient base and is happy to stay on and work. Another GP has been at the practice over a decade (wkg 3 days/wk on 70/30%) making this a very stable clinic w/ very loyal pts!

Current revenue (approx $1M in billings) is based on principals wkg 4 days/week. Immediate potential for growth by offering opening hrs  esp w/ends. Additional Drs would enable increased utilisation of care plans, heart health checks etc w/ help of nursing staff. Recent bulk billing incentive considerably increased revenue.

Team
* 3x GPs, each wkg about 4 day/s wk
* 2x P/T nurses 
* 1x PM
* 3x admin (1x F/T, P/T + cas)

Accredited since 2000 + now 'til Jan 2027.  

Recent upgrades including 2 height adjustable beds, new vaccine fridge, IT upgrades, new ECG machine.

No website (uses HealthDirect + HotDoc for online bkgs but not currently used) so an area for the new business owner to value add! The pt files are fully computerized w/ PMS - MD + Prac Soft. Management accounts = MYOB.

Facilities:
* Ramps for the elderly/infirm
* 8x car parks + disabled car parks
* 4x CR + a lrg tx rm (which could be used as a CR)
* Height adjustable beds
* Separate staff + pt toilets
* Lge waiting rm (which could be reconfigured or used as a tx rm) + storage/admin space

Services:
* GP + Family Med
* Preventative Health Checks
* Immunisations
* Men's + Women's Health
* Occ Health
* Work Cover
* TAC
* Cryotherapy & minor procedures
* CDM

Remaining vendor owns the bldg (175m2). Purchased in the 1990's (built late 60's + run from the '70's), there was no DA then, so no restrictions on the no# of Drs that can work there. 

Why buy?
* Trading 40+ yrs w/ strong, loyal pt base
* Sound financials, w/ immediate growth potential
* 3 min walk to train station & on bus route

Online meetings may be booked at a mutually agreed time w/ a site visit scheduled outside business hrs.
* Sally Stuart
* xxxxx
* sally.xxxxx

To complete an online CA, click here: https://xxxxx-for-sale/listing-enquiry/?listingid=03e3103a-c06f-4bdc-a1c5-20a26bd9f86b

Ref: NSW11156

[p]
Ref: NSW11156
Timestamp: 20240415030004