Medical

10/06/2021 | ID: 4872

Bldg & Business at Cockatoo, Vic. No DPA. MMM 1.

Seeking $100K and $550K for the building.

Due to personal circumstances, this husband and wife team find themselves keen to sell the business they created from an empty office space in a strata-titled building.

With a permit for 2x FTE GP’s, there are 2x consulting rooms and a treatment room. The male GP used to work in the practice with another Dr until 2 years ago when he became a solo practitioner. During the COVID pandemic, all consults were telehealth and his patient income decreased accordingly. This is, however, the only GP clinic in the suburb with the next closest GP clinic being over 7 min drive away. The wife is working on the business from an admin perspective and the GP is only a few half days each week (Mon + Fri). There is another male GP working 4x days (approx 20 hrs), so there is about 0.75 FTE GPs currently manning the practice.

Post settlement, the vendors will no longer be working at the practice. The other GP will remain post-settlement + will continue offering mixed billing services.

This is the only clinic in the suburb and is so well known within the suburb, the owner didn’t see the need for a website! They have a Facebook site and use this for marketing within their community. Prior to COVID, this was primarily a privately billed business and maybe again one day. Dorovich will co-lease the treatment room if the new buyer wants a path on site ($1K/month)

With a population of 4,200 in the suburb and 2,500 in the surrounding areas, there is plenty of patient load for a couple of GPs to service this community on a full-time basis.

The building was purchased as an empty shell and fitted-out out to the value of $170K for the fittings and $30K for the equipment. The vendor is keen to sell both the business and the building to the next GP for this township; however, they will also offer a long term lease should the buyer of the practice have no interest in buying the building. The outgoing GP is happy to provide a couple of weeks of transition to introduce the new GP to the patients and important people within the community. Site visits can be scheduled at a mutually convenient time.

To enquire on this business visit https:// linkbusiness.com.au/businesses-for-sale/ca/NSW09769 and click on “enquire now”

Contact: Sally Stuart, Business Sales Specialist, M: 0437 082 045 or E: sally.stuart @ linkbusiness.com.au

Enquire now

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