03/12/2021 | ID: 6537

Hunter Valley GP Clinic and Building for Sale

Seeking $345K for the business and $605K for the building

The practice has existed for about 30 yrs & was recently relocated to its current site. The fit-out cost about $200K. There are 4x CR’s + a smaller allied health rm. There is a 2x bed treatment rm w/ 1x FTE RN (2x P/T nurses). There are 2x allied health providers wkg in the clinic on a contract (as are the GPs). Psychologist bills approx $24K pa & pays 25% service fee + GST.  Audiologist pays $200/month & works 2 days/wk.

The owners are happy to issue a long lease to the incoming buyer at $3,500 per month if they don’t want to buy the bldg which is for sale at $605K ONO. The gross income was about $1.2M + govt incentives ($100K) & room rent ($26,400). GPs are involved in the hospital on-call roster on a 1-day a fortnight basis being on call for 24 hrs. They may also work as a hospital VMO w/ inpatient admission right (optional). This additional income of about $120K goes to the GP that is providing the on-call cover ($2,500/day) + doesn’t show in the P+L’s.

The owner will remain wkg, if reqd, for up to 1 yr, or is equally happy to finish up if the buyer would like to take over his pt base. Another experienced GP will be happy to continue to work 5 days/fortnight. A 3rd GP is on RLRP program & wkg 3 days/wk (will extend to 4 days/wk if reqd). Business is selling for $345K ONO.

Path & chemist are nearby the practice & there are 2x allocated car parks for the drs. Pt car parking (100 spaces) is in the nearby council car park. The clinic is accredited for training GP regs + Students. The pt base is comprised of a lot of elderly patients w/ CDM as well as some occupational health/PEM’s from the local mines. All current pts are in MD + Prac Soft.

Drs are paid for ward rounds for in-patients as well as their GP work + VMO work. This is about $150K pa on top of their billings; making it very lucrative for a GP. A GP working at this practice might also wish to provide support to the local residential aged care facility (optional). There are about 3000 pts attached to this GP clinic. Site visits to be scheduled at mutually agreed times/days.

Broker: Sally Stuart

Phone: 0437 082 045

Email: sally.stuart

Enquire now

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