Shopping centre GP next to a head tenant. W Sydney

Asking Price: $300,000

Highlights of the business:

– Shopping centre based w/ 3 hrs free parking onsite
– Travelator +/or lift access for frail/elderly pts
– Walking distance to train station
– SWPE = 2,111
– Multi-disciplinary
– 3x Drs (2x F/T and 1x PT doing 5x mornings til 1.30pm) & a locum – 70/30%
– 7 CR’s & a path rm
– Really lge waiting area & a reception for 2x admin

2023 billings were $990K + 2022 were $790K so on a growth trajectory post COVID. Woolworths & ALDI as head tenants so busy pedestrian foot traffic past the entrance.

Vendor subleases this space from his neighbour the dentist; not directly through the centre m’ment. The next term for the incoming business owner has just been advised by the landlord, being $189,120 pa + GST = $208,032/year which is $17,336/month (Inc GST) + Outgoings ( approv $60K). They will offer a 10 yer lease. His neighbour on the other side is one of the head tenants so LOADS of pedestrian traffic past the door.

Now a mixed billing clinic, with some private pts w/out a M/Care card. Path pays $80K pa + there is an audiology subtenant. Podiatrist + dietitian pay 70/30% fee split. There is visiting Physio + EP. VMO Geriatrican wks 1 day/month.

Accredited in Jan ’23 so no need to do this until Jan ’26

Services offered:

Men’s + Women’s Health
Antenatal & Postnatal Care
Health Assessment for over 75
Immunizations + Travel Vaccines
Cryotherapy
Minor Surgeries
Workers Comp
Diabetes M’ment
Pap Smears & Family Planning
The team at this practice believe in a collaborative approach, integrating their services with specialists and other allied health professionals:

1x F/T lady doing the reception & PM duties
4x (cas) admin to assist as reqd
1x nurse (cas) wkg 9-2.30pm
Site visits may take place after an online meeting w/ the owner, after hrs when the practice is closed to maintain pt & team confidentiality; during the shopping centre hrs, or on Saturday’s before 1pm or after 5pm. Vendor is seeking $399K ONO for a quick sale!

Vendor will stay on a part time basis post settlement if required and suitable terms are negotiated with the new business owner.