Medical

08/06/2021 | ID: 4852

Asset sale. Brisbane North. 4 yo GP clinic.

With a patient base of 3,800 active patients and 5,500 patients on the database, this is ideal for a motivated GP to hit the ground running. The nurse practitioners have been keeping the seat warm with the PM and admin staff supporting the clinic whilst it is in this transition period between owners.

The fit-out cost about $420K and with another 12 months on the current term plus another 2x 5-year terms to go, this beautifully appointed clinic (see video with a long term lease will appeal to a GP owner/operator with an interest in living ‘bayside’ ….right opposite the very lovely Bribie Island.

The current lease dollar value is to be renegotiated on the 11th of June and there is an option for the current owners to potentially support a 6-month rent-free period whilst the new owner gets settled into the new role! With 4x consulting rooms, a single bed treatment room, and a 4x bedded recovery room, there is a ceramic sink to allow for plaster-of-Paris should patients attend with a broken bone.

Ideally, an unrestricted VR GP couple could run this clinic well and are welcome to buy 100% of the business and fit out together with the plant and equipment. Alternatively, they might like to engage the current owners in a 5-10% share of the business to ensure that from a business perspective they get the benefits of the corporate ‘big brother’ being in their court!

With accreditation till March 2022, this practice is eligible to receive PIPS and WIPS. Should the buyer have accreditation as a trainer, then SIPS would also come into the clinic. Vendor finance is an option to expedite the settlement and then once the rush of the end of the financial year passes, then the new owner can repay the vendor as soon as they are able to get their bank loan approved. We are seeking $150K ONO for the assets that cost well over $420K to create. You couldn’t create a new practice for this price, let alone take on an existing patient base of 3,800 active patients!

Site visits are to be scheduled at a mutually convenient time. Suggestions are Saturdays at 2 pm, Sundays at 10 am or 2 pm. Please don’t just turn up as someone needs to be there with the key! Make a time with me and I will coordinate your visit ASAP. Don’t delay as I feel the first to walk through will buy!

Broker: Sally Stuart, Phone: 0437 082 045. Email: sally.stuart @ linkbusiness.com.au

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