Medical

10/06/2021 | ID: 4872

Melb GP. Urgent Sale. Offers Considered. RE Too.

Seeking $50K for the business

Virtual Tour avail here – https: //my.matterport.com/show/?m=5b3mpPjCYqf

Seeking $550K for the bldg or you may have a long term lease at $28,600pa + GST + on-costs.

Due to personal circumstances these owners find themselves keen to sell their business they created from an empty office space in a strata titled bldg.

W/ a permit for 2x FTE GP’s, there are 2x CR’s & a tx rm. The male GP used to work in the practice w/ another Dr until 2 yrs ago when he became the solo dr. During the COVID pandemic, all consults were telehealth & his pt income decreased accordingly. This is however, the only GP clinic in the suburb with the next closest GP clinic being over a 7 min drive away. The wife is working on the business from an admin perspective. There is a new male GP wkg 4x days (approx 20 hrs), so there is about 0.5 FTE GP 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 may be again one day. Dorovich will co-lease the treatment room if the new buyer wants path on site ($1K/month)

With a popn of 4,200 in the suburb + 2,500 in the surrounding areas, there is plenty of pt load for a couple of GPs to service this community on a FT basis.

The bldg was purchased as an empty shell & fitted-out to the value of $170K for the fittings & $30K for the equipment. The vendor is keen to sell both the business & 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 bldg. The outgoing GP is happy to provide a couple of weeks transition to introduce the new GP to the pts + important people within the community. Site visits can be scheduled at a mutually convenient time.

Sally Stuart is assisting with the sale – 0437 082 045 or sally.stuart @linkbusiness.com.au

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