North side Melb 2x GP business w/ bldg. MMM1, no DPA
GP Clinic for sale in Melbourne
$495,000 for the business
Longest established clinic in this high growth suburb
2.75 FTE GP’s w/ 1.75K FTE staying
Business = $495K + option for sale w/ Bldg = $1.3M
MB (mainly BB + TAC + work cover + private)
Combined Govt incentives = $67K pa
Lots of CDM (many health card holders)
Rent = $6.5K/12 if new buyer doesn’t buy the bldg
Path pays $4k/12 rent
Long term GP partners seeking to sell, one seeking to retire, other beloved GP with long standing and loyal patient base and is happy to stay on and work. Another GP has been at the practice over a decade (wkg 3 days/wk on 70/30%) making this a very stable clinic w/ very loyal pts!
Current revenue (just over $1M in billings) is based on principals working 4 days/week. Immediate potential for growth by increasing opening hrs – esp w/ends. Additional Drs would enable increased utilisation of care plans, heart health checks etc w/ help of nursing staff. Recent bulk billing incentive considerably increased revenue.
Team
3x GPs, each wkg about 4 day/s wk
2x P/T nurses
1x PM
3x admin (1x F/T, P/T + cas)
Accredited since 2000 + now ’til Jan 2027.
Recent upgrades including 2 height adjustable beds, new vaccine fridge, IT upgrades, new ECG machine.
No website (uses HealthDirect + HotDoc for online bkgs but not currently used) so an area for the new business owner to value add! The pt files are fully computerized w/ PMS – MD + Prac Soft. Management accounts = MYOB.
Facilities:
Ramps for the elderly/infirm
8x car parks + disabled car parks
4x CR + a lrg tx rm
Height adjustable beds
Separate staff + pt toilets
Lge waiting rm + storage/admin space
Services:
GP + Family Medicine
Preventative Health Checks
Immunisations
Men’s + Women’s Health
Occ Health
Work Cover
TAC
Cryotherapy & minor procedures
CDM
Remaining vendor owns the bldg (175m2). Purchased in the 1990’s (built late 60’s + run from the ’70’s), there was no DA then, so no restrictions on the no# of Drs that can work there.
Why buy?
Trading 40+ yrs w/ strong, loyal pt base
Sound financials, w/ immediate growth potential
3 min walk to train station & on bus route
Online meetings may be booked at a mutually agreed time w/ a site visit scheduled outside business hrs.
For more details please contact Sally Stuart
0437 082 045
sally.stuart @linkbusiness.com.a