28/02/2024 | ID: 23916

40 mins ESE of Melb. Accredited MB GP. Cheap rent!

GP practice for sale in Melbourne

Medical practice for sale in Melbourne

Asking Price: $120,000

Open Tue/Wed/Thurs, there is a massive opportunity for a GP buyer to grow the practice. Billing for the last 4 yrs were $350K, $220K, $380K + $315K wkg just 3x days! The p/t nurse (Tues/Wed/Thurs) will remain w/ the clinic post settlement. W/ 3,500 pts on their books, they are offering mixed billed service.

Subtenants incl a chiro, who comes Wed afternoon, paying a 30% service fee to the clinic. An audiologist comes infrequently + pay $110 incl GST/half session. The clinic has a PM rm, a tx/nurse rm & 2x CR’s. The waiting rm is lge & could be internally refitted to create additional CRs.

In addition, primary GP’s CR is lge & could be subdivided so plenty of opportunity to change the internal design w/ the landlord approval. Commercial landlord has offered to refurbish the clinic if incoming business owner is willing to sign a new 5yr lease. The current lease has rent set at $2,673/12 inc GST + outgoings/month.

W/ the current car parking, council has permitted 3x Drs to work at any one time. Currently a MB clinic, there is plenty of pt demand for a good quality service to be offered as pts come back to this clinic after getting ordinary service at the next closest bulk billing centre.

All pt files are on BP. As the clinic was previously a wellness centre, not a GP clinic; there are no hard pt files. Accreditation til Nov 2024, this very busy clinic attracts PIPs + WIPs. Their active pt numbers are as follows: SWPE = 660 + WPE = 685. PIP $1825 quarterly.

The vendors are also selling the Shockwave Therapy system w the business. The machine is incl + the fully trained, certified nurse that administers this therapy will stay on. On average this is used daily, many pts returning monthly for pain management &recovery treatments monthly, so it is a great additional income earner for the practice.

The owners are choosing to sell this practice so that they can focus on growing their other practice which is 1 hour away! The vendors (GP + PM) will remain w/ the new owner for a 3/12 transition, then will leave.

Site visits can be scheduled at a mutually convenient time, before or after clinic on a Tue/Wed/Thur.

For more details please contact:

M: 0437 082 045

Enquire now