Archives

About this business for sale

West Newcastle Medical your new local GP! Non DWS location in RRMA 2 suburb

The current GP owner is looking to reduce his driving commitment up and back from Sydney to Newcastle every Tues for an afternoon session. There are about 3.5x FTE GPs remaining at sale time, and they are receiving 70% of the pt fee split. Two of the current Drs here are accredited trainers. The owner is there every Tues afternoon and can do site visits before he heads back to Sydney at 5.45pm, so anytime after 5pm if he has no pts then. The area is about 100 metres squared. There are 7x CR’s and allied health (audiology, clinical psychologist, dietician + podiatrist) + Laverty pathology onsite + a nurse. 2x retained DWS provider numbers are currently in use. Pathology pays $4K to be in the clinic so additional income of $48K pa off sets the rent of $72K pa, meaning the real rent is only $24K and this is further off set by the allied health paying to be onsite.

The current lease of 5x 1 year lease options can be assigned to the new owner. The lease was at the current owner’s request to give him the option to get out easily if the business wasn’t working. The lady landlord would be delighted to offer a longer lease to the new owners. Current costs are $6K per month rent and outgoings of $500 per month, incl electricity and water etc.

If a Fellow of the college could buy this business, they could take over the supervision of the 2x GP’s that are still working towards Fellowship (GP3 registrars). The practice was purchased for $685K so the vendor is looking at $650K for a quick sale.

The Practice:

This Accredited Practice providing fully trained medical staff to assist with a full range of GP services. Accreditation audit took place in Aug 2018 so it will be valid for another 3 yrs. As an accredited clinic they are eligible for govt incentives and with a RN and an EN onsite to support the GP’s, the cl;nic attracts PNIPS for having these staff onboard. They can provide employment medicals to suit any employer’s requirements.

Appointments are available and some walk-ins are accepted.

​Services Offered:

1. General Health
2. Mental Health Care Plan
3. Prevention & Wellness
4. Immunisations
5. Minor Ambulatory Procedures
6. Woman’s Health
7. Men’s Health
8. Employment Medicals
9. Podiatry (Fortnightly on Friday)
10. Skin Care (Saturday pm Walk-ins only)
11. Chronic Disease Management
12. Health Assessment
13. COPD & asthma care
14. Family Planning
15. Ear Syringing
16. Flu/ Pneumonia Immunisation
17. Urine Drug testing
18. Work Cover
19. Catch Up Immunisation
20. Travel Medicine

This MC was established to provide general medical assistance to patients in the Newcastle West area. They are able to assist with the whole range of GP services, and are open 5.5 days a week. They are located in the same building as a podiatrist, for those patients need referrals to their services, and the local area includes the Newcastle West shopping centre which has several pharmacies available. The immediate area also sports radiology, pathology, dental, physiotherapy and psychology services.

As a mixed billing practice, bulk billing is provided to all patients with a valid Pension, DVA or Health Care card and full time students. Otherwise, the fees are $70 for a standard consultation and $90 for a long consultation, with a Medicare rebate of $37.05 and $71.70, respectively.

Ample parking is available on site and in the nearby area, with a major bus route passing down Hunter Street and stopping nearby. Patient’s can easily access the centre from neighbouring suburbs, including Hamilton East, Cooks Hill, The Junction, Hamilton South, Islington, Maryville, Carrington and Newcastle.

The doctors are available 5.5 days a week, from 8am to 6pm Mon to Fri and Sat is open from 1-4pm only. Booking an appointment is easy and can be done at any time using the convenient online booking service, as well as phone bookings. The F/T PM is accruing LSL, however the other staff are on a casual contract. There is one main reception person with 3x other part times. If required, it is envisaged that all workers with transition with the new buyers.

The accountant cannot provide a depreciation schedule since they don’t maintain an asset register for this practice. The schedule which is prepared is only for internal records. Capital fit outs based on valuation on purchase is $25,977 (this includes assets which cannot be removed etc). Depreciate assets based on valuation on purchase is $127,604 (this includes beds, reception, computers, printers etc). Total assets purchased under Dr Nim’s management is $36,143 (this includes new server upgrade, new chairs, other medical equipment) so $127,604 + $36,143 = $163,747 is the current value of the P+E in this clinic.

Please contact us for further information & photos.

About this business for sale

RRMA 4, DWS location for sale 3.5 hrs NE of Sydney w/ GP remaining on a p/t basis for up to 5 yrs

This practitioner owned BB clinic in Taree has a mature-age GP looking to shorten his working week; by selling the clinic and working for the new owner 2-3 days a week for the next 5 plus years if mutually agreeable. The owner is run off his feet at the moment with an over load of patients and is now 73 yrs of age. He isn’t open w/ends and Mon to Fri he is open 7.30am to 2pm. He wants to reduce his days to 3 days a week under the new owner and take additional holidays each year. There is a chronic shortage of GPs in this area so there is certainly potential here to add GP’s, open additional hours, and open up the practice to new patients. The current practitioner is no longer seeking additional patients and has not marketed his services for a long time so massive opportunities here to grow the practice for a motivated buyer. He would consider an earn out or a sale whereby his tax burden is not excessive.

The owner rents the practice and his gross billings last year were over $700K atm. The practice is centrally located in Taree, with 6 CR’s and 2x reception areas which might lend itself to additional income streams by allowing allied health patient to access different providers directly from the street to the GP patients, thereby separating sick from well patients from a hygiene perspective. The pathology is just next door. With extended opening hrs and additional drs, the practice could gross over a million dollars easily. $63,293.41 are received from the government for PIP & PNIP payments.

Re the design of the practice, there is a separately lockable section with about 3.5 rooms (1/2 a room is being used currently for medical supplies storage) which could be sub-leased to another entity…it was previously used by a legal team and in the future could be filled with associated health practitioners to make this a health home/wholistic integrated health centre. There are currently no taps or sinks in these rooms so wouldn’t be suitable for GP rooms as they wouldn’t meet the accreditation standards but might be suitable for allied health. There is a hallway which joins the 2x areas and is separately lockable…so options for the new owner to make this space a great income earning opportunity! There is a new F/T nurse just starting there (July 2018) who will be able to support the GPs with their CDM patients; thereby allowing them to work smarter not harder and make use of the 700 item numbers to provide the annual and biennial check-ups for the elderly and the frail in the community.

Please contact us for further information & photos.

About this business for sale

Wanted | GP with a wife who needs too many expensive shoes and handbags!

With most GP clinics restricted by the freeze on Medicare, this practice is ‘thinking outside the box’ and working smarter not harder to achieve above-average results. With procedural work billed privately and at a higher rate, the skin cancer treatments, cosmetic services and minor surgeries that occur within this practice are all privately billed. The current owner is happy to support learning in these areas for the new buyer or alternately if the buyer has no interest in procedural skills, the current owner can continue to come up on a regular basis to undertake all vasectomies and all circumcisions.

With agreements in place with 3x of the local mines, there are a significant number of PEM’s undertaken at this practice. With 3x nurses to support the practitioner, 3x pts can be under process at any one time with a nurse in with 2x pts whilst the GP sees a 3rd pt in the tx room. The lighting in the Tx room is top-of- the-line, and all rooms have natural light high up. The building was architecturally designed and allows the GP + pts to have an easy flow.

Rent for unit 4/122 = $2800 per month inclusive of GST. Upstairs there is a 2 b/rm unit too which could be rented on a long term from the owner should a new buyer wish to live onsite.

Since July 1 2017 the practice has increased their level B consult price from $70 to $75, lvl C from $95 to $100, medicals have increased by $20 ea (approx. 7%  and medicals for humanomics increased by 25% from $60 to $75. The MC costs have remained static; therefore, profit hitting the bottom line of this practice has increased significantly. Recent monthly gross billings were $96,300 + a previous quarter being $288,500. Some of the expenses have been reduced recently too to make the business more profitable.

Only about 20% of the patients presenting at this practice are sick and billed through Medicare. The majority of pts are there for either an Occupational PEM or return to work appointment, or a procedure (skin cancer or minor surgery) so minimal sick pts! A non- VR GP can bill at the higher A1 rate in this location if they are not restricted by DWS (ie Oz or NZ grad) but restricted by 9AA (as a PR or Australian citizen and not yet a GP Fellow)!

Please contact us for further information & photos.

About this business for sale

Established GP clinic with 2+ FTE GPs remaining | DWS + RRMA 4

The owner will be having his 70th birthday next April and wishes to sell this business that he is currently running under management. He is working minimally at this clinic, only doing some workers compensation work as and when required. With 2x F/T GP’s there who will all remain plus another Dr doing locum cover and relief, this business could be purchased by another dr wishing to start billing there or by an entrepreneur as no current requirements to work there. Ideally, if a GP did purchase this, they’d be able to cover for the husband and wife team for when they take their leave together. The husband and wife GP team are on contract until 2020, both F/T with the husband still going through Fellowship exams. The female is VR however, not yet an accredited trainer with the college. They were both on employment contracts basis due to the 457 restrictions however, will both transition from 62.5% to a 70/30 fee split as subcontractors. This will be changed in the new 2018-2019 financial year so that the owner of the business stops paying so much payroll tax; therefore, increasing the profitability of the business.

They have pathology onsite paying $26K in rent (DHM), and the clinic is accredited (with AGPT til the end of 2019) so gets all of the government incentives. They are also an accredited teaching practice. They have 2x nurses assisting the GPs (approx 1.25 FTE) and are mixed billing. They have BB for the pensioners (the only GP clinic in the town that does this) and paediatric pts under 16 yrs of age. The pensioners must pay an annual membership of $37 to the practice to enable them to continue to be seen under the bulk billing arrangements as otherwise it is just not profitable for the practice.  In the front unit (and no longer a part of this business) was a dentist and the MC takes up the rear 2x units of the block.

The real profits of this business are about $300K pa. A long-term lease is available as the owner of the business is the daughter of the business owner and she is also keen to sell the freehold for $550K. Alternatively they are keen to offer a long term lease to the new business owner if the new owner doesn’t wish to buy the freehold. They are 4 years into the current lease which is a 10 yr lease with a 10-year option.

There is Dept of Immigration approval for this practice to support Drs on a work visa. There are currently 4x consulting rooms here which could be 5 if the accessory treatment rooms was required to become a CR, plus a Treatment room.

Please contact us for further information & photos.

About this business for sale

Medical Software business | Can be run from anywhere; completely online + portable!

So you ask ‘what qualities of software empower more people to be successful?’ It is the design? Good design is innovative, makes a product useful, is aesthetic, makes a product understandable, is unobtrusive, honest, long-lasting, thorough down to the last detail, environmentally-friendly and is as little design as possible.

Look no further….this well designed medical software business is selling to enable owner’s retirement. The owners have invested $4M over 33 years into this business and with over 120 customers currently paying them a maintenance fee, they are passively earning in excess of $120K pa in recurring billings.

What products/services does the software provide?

The medical software suite is versatile, highly customisable and can be used in conjunction with other medical support/third party solutions.

Versatility: Designed to answer the needs irrespective of the size of the practice. This includes:

• Patient Accounting / Billing
• Electronic Diary
• Online Claiming
• Patient Clinical Records
• Orders
• e-Reports (for specialist sending) and e-Results (for path and imaging results)
• Prescriptions, Medication interaction & Information
• Database for surgical audit purposes

It has been designed for hospital clinics and small and large medical clinics; the specialists have picked this up and run with it.  The business is unencumbered and has huge potential for growth.

Transition Options

The current owner is keen to be fully involved in any handover wishes, even 3-5 years F/T work with the new buyer. A positive selling feature for this business would be if this owner stayed as she single-handedly drives JAM Software is this business is her real baby, & she would be a real asset and ‘go-getter’ to any purchaser.

Summary:

• $4 Million invested in software development
• Licensed and Trade Marked software
• Ongoing repeatable billing
• Profitable business
• 33-year trading history and brand awareness
• Can be operated from anywhere, Australia wide client base.
• Low operational cost base

Please contact us for further information & photos.

About this business for sale

Newcastle suburb gets 2x additional GPs in 2019

Adamstown in the city of Newcastle has very good potential and is available for a 100% sale of the business with a lease assignment.

This practice was established 52 yrs ago and they currently have 1.5 FTE GPs with another female GP just recently committing to another 2 days a week at a 70/30 fee split. She will be using the only preserved DWS exempt provider number this practice has. At the time of going to market, the status was RRMA 2 and non-DWS. The practice was purchased in Sept 2017 for $200K from the existing owner who has ceased his transition. Last years financials indicated the gross billings were about $680K. Since acquiring this practice the owners have added in new tables and couches as well as new printers and computers. There are new patients coming in regularly and the practice sees about 30 pts per day. The owner currently has 2 other GP practices; all inland from Newcastle and not competing with this practice for patients. He is hoping to sell to reduce the travel time required to get from his home to work each day that he drives to Newcastle. The location is good being only about 5 city blocks from the train station, close to a primary school, vet clinic, health hub with pathology and imaging as well as a shopping centre so plenty of walking traffic past the front door. With a modern website and online bookings available, there are 2x practice nurses to assist in maximising the efficiencies of the GPs. The clinic is mixed billing with BB available for healthcare holders, pensioners, and children under 15 as well as those that are facing financial hardship. This clinic is accredited with AGPAL so received government incentives.

The owner is looking for $195K for this business whereby the rent per annum is only $60K + GST + on-costs. There is 1+ years left on this commercial space which ends Oct 2019 with another 3 yr option remaining. The owner and his wife can both work in this practice in order to meet current patient demand until the new owner comes in after settlement. All of the current owner’s patients will then transition to the new owner so they can hit the ground running immediately with this well located clinic with high pedestrian traffic; not far from the Adamstown plaza. Plenty of street parking with addition patient parking at the rear. If required, the female GP can remain working for the new owner for another 12 months after settlement on a 2-day a week basis.

The practice gets about $36K in incentives per quarter and could be getting up to $60K if the drs were billing appropriately. There is no path income as there is path across the road, A dietitian comes once a month and is on a fee split of 70/30. A skin cancer GP also comes once a month and is on a 65/35 fee split. There is the equivalent of 1 FTE, with the wife doing 2 days a week, the husband doing 1 day and a DWS restricted GP doing 2 days a week. If the buyer needed to have the DWS exemption to work in this practice, they would have to get the p/t GP to withdraw from practice to use their preserved provider no#. With 3x CRs here, there is loads of potential for a buyer to grow this business. The practice was purchased in Sept 2017 and the vendor is bringing the business to market again for $195K.

There is another F/T GP joining the practice shortly. The practice is now recognized as a teaching practice and a F/T registrar will be commencing in the next semester being Feb 2019.

Please contact us for further information & photos.

About this business for sale

About this business for sale

Medical Centre ready to boom | huge residential development across road!

With 1x  p/t GP and 2x Dentists staying there is an opportunity here for an astute investor to be in the right place at the right time with this business. Currently open 5.5 days a week, there is a huge potential to massively grow this business. Office hours are Mon-Fri 9.00am-5.00pm + Sat. 9.30am-3.30pm + Sun. 10am-2pm (weekends if there are any dental bookings otherwise closed), with a F/T dentist avail Mon to Fr and a part time Dentist on the Sat morning. The GPs cover the shifts between them, so that there is always at least one GP on board. All staff would be remaining as the owner is not practicing at this clinic.

There are many un-utilized rooms as well as space to create a pharmacy or an optometry service which already has council approval and 2x entrances being from the street as well as from the MC. There is the option to add a range of allied health practitioners to this large clinic to make a real multidisciplinary practice whist additional GPs are recruited and on-boarded. The land opposite the practice (6.4 acres) has been purchased by a residential property development company which has council approval for the construction of 511 units.

Brilliant opportunity to take over this established Medical, Dental and Allied Health Centre only 25kms from Sydney CBD! Under the right management system this could rapidly grow to be one of the region’s best Health Centre’s.

Very open floor plan consisting of:
– 7 consultation rooms
– 2 fully equipped Dental Surgeries
– Large Treatment Room
– Pathology
– Kitchen
– Bathroom
– Reception area

Everything has been set up taking no shortcuts. Lovely fit out, exceptional equipment and very open and functional floor plan. This would be an ideal opportunity for a motivated medical professional or great acquisition for an experienced investor. Vendor’s son is able to meet site visitors there on a Sunday after 2pm. Freehold purchase ($1.75M) plus business sale ($300K) is a total of $2.05M,

Please contact us for further information & photos.

About this business for sale

Brand New clinic inside a shopping centre on the Northern Beaches….right on the water!

With 2x pharmacies in this centre and a dentist, the MC is the only health provider in the shopping Centre providing air conditioned shopping to the suburb of 7,500 residents. With many elderly couples and young families moving into the suburb, this mixed billing practice (10-64 y/o will be privately billed for appointments) opened its door in Aug 2017. With a 3 month rental holiday, the current owners have taken this business from nil to 30 patients a day, using 2x GP’s (one f/t and one p/t) to cover the Mon to Fri business hours only shifts. There are 1400 car parks in the complex for patient use as well as 105 specialty shops for visitors to the centre plus Woolworths, Coles and Aldi….so loads of pedestrian traffic past the front door of this clinic every day. Due to the high patient demand, there are usually about 15 pts on the waiting/cancellation list daily. The UK Dr finished in Oct 2019 and from then, it is only 1x GP til the next Dr starts in Jan 2019.

As well as the entire range of standard GP services, Warriewood Family Healthcare provides services in Gynaecology, Family Health, Maternity Care, Vaccinations and many other services. The sale is effectively an asset sale and the current price of $129K will go up in 2019 if the business doesn’t sell this year as there will be additional practitioners joining the team.

There is a 10 year lease here, with only 14 months of the lease used. The rent is $10K per month or $120K pa, whilst Laverty pathology pays $2,800 per month or $33,600 pa; which is just over a 1/4 of the lease requirement. Real rental costs then become $86,400 or $7,200 per month or $166 per session. Non-medicare card holders pay $50 for a standard consultation or $75 for a long consultation, so rent is covered by seeing one non-medicare patient every hour! There is the possibility that the new buyer will be able to renegotiate the lease with the landlord however, lease assignment is envisaged as opposed to a new lease.

Opening times:

• Monday:9am – 5pm
• Tuesday:9am – 5pm
• Wednesday:9am – 5pm
• Thursday:9am – 5pm
• Friday:9am – 5pm

The shopping centre is open 7 days a week so with more GP’s, there is the option to open later and across the weekend. The current owner is selling due to his children’s education requirements and drive times across the city now making the drive to the Northern Beaches too difficult. His intention is to remain there until the new owner takes over or the new GP starts, which is the 7th Jan 2019. There re 2x OTD’s undertaking their PESCI requirements currently with a view to starting in March 2019 at the latest. They will be able to work in the after hours and over the weekends. The generally registered GP that is joining in Jan will be able to share the supervision requirements of these new drs.

With 4x consulting rooms and a treatment room that could become another CR, there is plenty of scope to grow this business, by adding additional GPs and/or allied health plus increasing the opening hours. The supermarkets open from 7am to 10pm 7x days a week so there is the option to almost double the opening hours if the clinic can be staffed and pt demand is there.

The fit-out cost $190K and the owner is looking to sell for $129K in order to get a quick sale and reduce his travel times, preferably with settlement before Xmas. Site visits can be arranged during business hours for a walk through whilst the GP is there Mon to Fri. Appointments after opening hours will be as mutually agreed.

There is an RN supporting the clinicians presently only 2 days a week, however, as the practice grows, she is happy to work there more days. She is an injecting nurse and is employed on a casual basis so is not attracting any entitlements. There are 2x casual reception staff that comprise 1x FTE.

Please contact us for further information & photos.

About this business for sale

Need some head space? This Psychology business will help clear your head!

Can you spare an hour a day for an income? This company is the market leaders and the original psychology practice that handles sessions in the outdoors; making them a unique company. As Registered Psychologists they are trained in evidence-based styles of therapy. Depending on the Psychologist that the patient selects, they will be utilizing the techniques most suited to a patients presentation.

​While the below conditions are traditionally discussed in an office environment, this business specializes in walk and talk therapy. This means that they have researched, trialled and adapted evidence-based therapies to the outdoors. Patients can be assured that they will receive professional treatment from the psychologists, with the added benefits of the outdoors and movement offered through walk and talk therapy.

• Substance use disorders
• anger issues
• anxiety
• depression
• stress
• relationship issues
• life adjustment issues
• addiction presentations
• Adult + childhood ADHA
• autism
• bi-polar
• conduct disorder
• couples counseling
• eating disorder
• grief
• Insomnia
• OCD
• Panic
• parenting
• personality disorder
• PTSD
• sexual disorders
• schizophrenia
• social anxiety

Pro’s for this practice:

• it almost runs itself
• can be remotely managed from anywhere
• unique profile
• massive growth potential
• cheap to start up in new locations in order to grow the business
• so many clients that they are booked out in advance
• gap paying unless the pts are card holders (DVA, Students, elderly)
• 100’s of referral GP’s

Please contact us for further information & photos.