Nth side Bris. 5x GP mixed billing clinic. No DPA.

GP clinic for sale in Brisbane QLD

Asking Price: $700,000

Accredited Mixed billing teaching practice

Husband + wife GP owners staying post settlement at least 1x yr, together w/ 3x other GPs, now billing over $2M. Vendors are selling b/c they are tired of running the clinic… still love their patients and happy to stay as drs under a new business owner /operator!

They might reduce their hours/sessions worked but are keen to remain

$2.9 M billings in FY24 without medical reports, vaccines, PIPs WIPs, making a total income of over $3M into the practice
No# of CR’s: 7x
Treatment room configuration: One large rm w/ 3 beds & 1 small rm w/ 2 beds
Software: BP
Nurses = 3x (2x cas + 1x PPT) w/ another cas nurse being recruited
Admin = 4x (hrs variable) + 1x F/T PM
No# Drs = 5x (3x F/T + 2x P/T) = 4.5 FTE
P/T GPs get 70/30 + F/T GP gets 72.5/27.5
Medical students = 3x (no registrars currently) – $400/day = about $40K additional income for the practice owners
The vendors wish to be remunerated at the rate of 72.5% to reflect their capacity as Medical Student trainers
Both vendors will commit to the new practice owner for 12 months post settlement wkg 4 days/wk
Accreditation in Aug 2024 with GPA+ so no need for the new buyer to do this until 2027

Additional income streams

The VMO’s & allied health pay a fee split to the practice owner of 80/20% or 70/30%, depending on the agreement reached; but no binding contracts in place with any of themDietician & Orthopaedic surgeon pay 20% of their billings to the business owner
Diabetic educator & Gastroenterologist pays 30% of their billings to the owner
​Starting from 1st July 2024, Mixed-Billing was introduced. As such, a small gap fee is payable by pts
Services:

Skin Cancer Clinic
Women’s Health
Orthopaedics
Gastroenterologist
Mental Health
Shockwave Therapy
Pelvic Floor Therapy
Ear Wax Removal
CDM
Vacc Centre
Child Immunisation
Iron Infusions
Vitamin Infusion
Physio
Travel Vacc
Hours:

Mon to Fri: 9am to 5pm
Alternative w/ends: 9 to 3pm on Sat & 9-1pm Sun
AH’s:

Mon to Fri: 6pm – 8:30am
Sat = 3 pm – 9 am
Sun = 1 pm – 9 am
Public Holidays = 24 hrs
Motivated vendors seeks offers + may consider vendor finance w/  70% paid at settlement + the remaining 30% paid over the next 6 months.

For more details email sally.stuart @linkbusiness.com.au