Medical
05/06/2024 | ID: 29041

Nth side Melb 2x GP business w/ bldg

Asking Price $395,000 for the business and $1,195,000 for the property

GP clinic with commercial building for sale located in Melbourne Suburb

Longest established clinic in this high growth suburb
2.75 FTE GP’s with 1.75K FTE staying
MB Combined Govt incentives = $67K pa
Lots of CDM (many health card holders)
Rent = $6.5K x 12 months if new buyer doesn’t buy the bldg
Path = $4k/12 rent
SWPE = 1960 + WPE = 1794
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 (approx $1M in billings) is based on principals wkg 4 days/week. Immediate potential for growth by offering 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 which could be reconfigured or used as a tx rm + storage/admin space

Services

GP + Family Med
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.

Sally Stuart
sally.stuart @linkbusiness.com.au

Enquire now