Medicine Of The Future For Sale In The Present! - seeking offers over $700K
Solid track record, well-positioned for the future
The practice has a nearly 20 -year track record of delivering excellence in medicine and general practice to the central coast of NSW. Founded by a prominent GP and integrative physician, the practice services a database of some 4,000 patients, many of whom have been loyal to the practice for many years.
The practice is 100% Dr owned who together with her husband, provides clinical director ship and high-level management of the business as well as consults 3 days per week at the practice. This is an accredited teaching practice with registrars being supervised and mentored by the driven clinician.
Fully accredited, the practice offers traditional GP specialist services for commonly occurring health issues as well as preventative medicine. It also provides additional integrative lifestyle health approaches for more complex health problems. This model has demonstrated exceptional results in areas such as anxiety, depression, digestive problems, insomnia, allergies, diabetes and other chronic and inflammatory conditions.
A highly trained team of general practitioners, some with skilled specialisation in integrative and lifestyle medicine, is supported by allied health professionals and other therapeutic practitioners. Currently, 3 part-time doctors and one part-time registrar account for some 52% of practice income and comprise approximately 3 FTE. The majority (approximately 85%) of patients are private billed patients and only about 15% are bulk billed.
The practice has a very successful on-site supplement dispensary which accounts for 28% of practice income, and a longstanding on-site pathology service, DHM, provides rental income representing 8% of practice income.
There is also a spacious separate facility on-site that enables the delivery of group sessions, workshops, special clinics and wellbeing classes, including yoga.
There are a total of 13 staff and contractors at the practice who would love to remain at the practice should the new owners be happy for them to do so. This will especially be the case if the strong patient-centric, shared care approach is continued by the new owners.
There is the option, and the additional on-site capacity, to recruit additional GPs to the practice to ensure it continues to offer the best combination of treatments for commonly occurring and chronic conditions. This would add a significant return to the bottom line. The current owners are also finalising the Registrar recruitment for the period of February to August 2021.
Ideally located, on the burgeoning Central Coast of NSW, the practice is very close to Gosford centre; 15mins from Terrigal iconic beach, under 5 minutes from Gosford Hospital and Gosford Private Hospital – and about 40 minutes’ drive from Hornsby.
While the building is not for sale, the current lease can be transferred or assigned. With 15 car parks for patients at the front of the practice and 10 at the rear of the building for staff, this is a purpose-built facility. There are 8 medically equipped consulting rooms, 2 treatment rooms, a large kitchen/dining area, a second building (referred to above) for classes etc. and a therapeutic garden. The practice space is currently underutilized – providing excellent opportunities for expansion as well as a great deal for a buyer looking to add value!
The practice has just achieved another successful accreditation so the new owners would not have to do this again until Feb 2023. Showing 15% growth year-on-year, this practice is set to boom as patients embrace more patient-centric care now and into the future.
The Principal founder is willing to remain working at the practice during the post-sale period for a time to be agreed between the parties. Her main objective in selling the practice is to be removed from day-to-day operational and clinical management.
This is a truly exceptional opportunity to acquire a practice with a solid track record that is also well-positioned for future growth and changes in general practice focus and delivery.Enquire now