Archives

About this business for sale

45 mins North East of the MELB CBD (not DWS)

This newly created business would really suit a GP couple who want to build it into a family friendly clinic. The patient demographics are just lovely and can also see the services of in-house allied health professionals including a Podiatrist, Dietitian and Diabetic educator who all rent space at the clinic. A sessional Podiatrist comes in on Monday’s and a Dietitian as well who pay the medical centre 20% of their billings.

The clinic opened on the 30/4/2017 and is currently open Monday – Friday 0845-1645, with one F/T male GP and a P/T female GP working Mondays.

Patients are always asking when the clinic will open on weekends so plenty of opportunity to grow the business. 10 minutes up the road is Eltham Ridge GP clinic which is also bulk billing, however, patient demand in the area is such that this clinic has already grown an active patient base of 2300 patients.

The rent from St Vincent’s Pathology is currently $55,000 p/yr and they have just agreed to another 12 months. Equipment and stock within the clinic would be roughly $50,000. Accreditation was received on the 16/4/2018 and expires 16/4/2021.

There are 7 car parks plus plenty of side street and front parking. As the clinic is in Banyule council and located in Commercial 2 zone, council did not require a permit for the clinic and there is documentation to support this.

Please contact us for further information & photos.

About this business for sale

Est GP business w/ owners remaining in NW Sydney in Iconic, heritage listed practice

Heritage listed practice with 2x CRs and a nurse room, split level, with the waiting room and CR’s on the ground floor and some storage/PM room upstairs.

The GPs are looking to sell the business and transition gradually to retirement. There are 6 car parks on the block of land with 3 more at the front. 2.2 FTE GP’s are currently working at the practice including 2x owners each doing 4 days and another 2x P/T lady GPs. One of the P/T drs comes all the way from Wollongong to work (1.5 hrs drive each way) and she would probably not transition with a new owner as she is only doing a few sessions a week. This would give the new owner sessions to see patients, plus additional sessions from each of the owners as they too are looking to reduce their hours. Their goal is to continue working in the practice for the new owner doing 2-4 sessions per week for up to 3 years post settlement. Both of the ladies are looking to retire at 65 and have about 3 years left to work. None of the GPs are on contracts so a new negotiation would have to be reached if the new buyer wanted them to stay on.

For the right money the freehold is also available however, it is primarily the business that the owners are looking to sell so that they can start planning their transition to retirement in another 3 years time. Currently the rent is $6K per month and if the freehold wasn’t sold, then a new lease would be created at the rate of 5.5% of the freehold valuation which would be $105,500 pa + GST + on-costs.

This is a mixed billing GP practice with BB used only for aged pensioners over 80 yrs of age, Veterans, and children under 5 yrs of age; all other pts are privately billed. The fees currently are $70 for a standard consult up to 20 mins and $140 for a longer consult from 21 to 39 mins. If the pt is there for a follow-up visit, they may charge a reduced fee of $60.

In addition to seeing pts from 8.30am to 6pm Mon to Fri and Sat from 8.30am to midday, there are 120 additional patients in an aged care facility that are serviced regularly. On Wednesdays, one of the owners will go to the residence and see up to 25 pts in a high care hostel and and up to 30 pts in the supported care facility. This income also goes to the clinic but may not be something that the new buyer might wish to continue into the future. There are additional aged care facilities in the area should this be an area that the new buyer wishes to expand. In addition, the practice can be grown through full utilization of the CR’s as there are 3x sessions that are not covered during the week, in addition to offering extended hours pre + post business hours and on the weekends too.

Accreditation is taking place currently with the audit date set for 13th Dec 2018 so the new buyers will not have to undertake this for another 3 years once this is granted. This practice hasn’t been taking on new patients for years and years as they have massive pt demand and need to manage this accordingly. Additional billings could certainly be added with additional F/T GPs working there and/or working later nights or more time over the weekend, or servicing more aged care residences depending on what the buyers wanted to do with the business. It would be difficult to grow the practice physically due to the heritage listing in the practice, Whilst the space it there, the council might not allow anything significant.

Upstairs is a room that is a PM room, with boxes and boxes of old pt files which need to be kept but the current owners can’t see value in scanning. The facility was a 4 bedroom home and is quite lovely internally. The stair case is quite narrow and it would be difficult and costly to get a lift installed here. Nearby to a newly proposed train station in Cherrybrook, this precinct is set to be further developed with 500 Mirvac units proposed in this medium density zoning location.

The freehold was valued recently and can be purchased at $2.4M as a part of the transaction but is not a requirement of the business sale.

Please contact us for further information & photos.

About this business for sale

DWS restricted GP’s! Bring your family to live & work an hour from Sydney!

Close to 2x schools and 2x aged care facilities, this MC is well located next to a chemist in a small shopping complex with 3x allocated car parks. After hours, the patients are looked after by National Home Doctors.

Pathology is not onsite due to the number of GP’s being <1x FTE, however there is an agreement in place for collections. There is only usually 1x GP on at any time, no nurse and an admin person on the front desk. After nearly 12 months of trading there are about 1350 active patients in this bulk billed clinic. The GPs take a 70/30 split and use BP for the pt records. The space is leased from 10.03.2017 to 9.03.2020 with no options. The landlord is a commercial owner and will potentially offer another lease at the end of this term should a new buyer wish to continue in this space.

This clinic is the only practice in the suburb, has good exposure from the street, offers on-line bookings and is now accredited with GPA. The fit-out took from March 2017 to July 2017 and costs approx $90K with another $22K being spent on P+E. Vendors are looking for $180K ONO. The reason for the sale is that the wife being the GP is stretched across both of their clinics and feels that she is letting patients down at their bigger clinic. This would be an ideal first practice acquisition for a DWS restricted VR GP living in the nearby area or perhaps the Hills district. The clinic is now only open 2x sessions a week being Wed afternoon 1.30pm til 6.00pm and Thursday mornings from 8.30am to 6.00pm.

Please contact us for further information & photos.

About this business for sale

2x clinic locations (both DWS + RRMA 5) | 1x FTE GP pt load

Come on Inland if you want to make way more in patient billings than a city GP can!

Where the devil is Upper Hunter Country? http://www.upperhuntercountry.com/images/pdf/UHCT_2018VG_flip.pdf -> Come on up to Upper Hunter Country and find yourself amongst wilderness areas, distinctive wineries, world class horse studs, historical homesteads, vibrant wildlife and good old fashioned country hospitality. Lying just north-west of Newcastle and south of Tamworth, Upper Hunter Country is a paradise for outdoor enthusiasts.

What can you tell me about the Liverpool Plains? http://comeoninland.com.au/pdf/COI_LiverpoolPlains.pdf -> Distance to:Sydney – 360kms, Newcastle – 230kms, Forster – 360kms, Tamworth – 60kms, the Liverpool Plains is strategically nestled in the foothills of the Great Dividing Range, near Sydney, the Central Coast, the Hunter and the Mid-North Coast, Take the trip to the Liverpool Plains and see why the locals are so proud of their flourishing communities.

Clinic 1 Opening times:

• Monday: 2pm – 6pm
• Tuesday: 8:30am – 12:30pm
• Wednesday: 2pm – 6pm
• Thursday: 8:30am – 12:30pm
• Friday: 2pm – 6pm

Clinic 2 details

• Rent of $10,206
• Electricity = $4K pa
• 2 consulting rooms
• Nurses room
• Procedure room
• Kitchen
• Toilets x3

Clinic 2 Opening times:

• Monday: 6am – midday
• Tuesday: 1pm – 5pm
• Wednesday: 6am – midday
• Thursday: midday – 5pm
• Friday: 6am – midday

Clinic 2 details 

• Rent of $7,920
• No power bill (free from the council)
• 2 consulting rooms
• Nurses room
• Procedure room
• Kitchen
• Toilets x3

Both clinics are bulk billed with pathology onsite at one of them bringing in additional income. With current accreditation for the next 3 years, this business owner gets PNIP’s for their practice nurse, PIPS for compliance, and SIP ACAI payments as an aged care access incentive to encourage GPs to provide increased and continuing services to the Residential Aged Care facilities. The current business owner is looking to sell in alignment with his daughter’s completion of year 12 and her entry into University. They will relocate to be close to whichever university she is accepted into. The clinic is so busy and profitable that the current owner needs additional tax strategies to minimize his payments!

Price reduction on 2.11.2018 for a quick sale pre Xmas!

Please contact us for further information & photos.

About this business for sale

Sydney’s Upper North Shore (Non DWS and RRMA 1) | Established GP practice for sale

This salubrious clinic offers a full range of family medical services, with a special interest in clinical hypnotherapy, immunization and women’s health.

With a mature male and 2x female practitioners remaining at the practice, the goodwill of the business will remain there if the buyer is happy to keep these established practitioners working at the clinic. With the 3x part time GPs working Mon to Fri it is equivalent to 1.6 FTE GPs. There is another P/T GP looking to join the team and provide another 2x sessions er week, this is yet to be confirmed. The GP roster is currently as follows:

• Mon – 5x sessions covered
• Tues – 1x session
• Wed – 3x sessions
• Thurs – 3x sessions
• Fri – 4x sessions

This clinic is in a high socio-economic suburb, whereby the median household income is more than twice the national medium; so well-to-do patients attend via bookings in lovely tree-lined street. The practice is AGPAL accredited so eligible for PIPS, SIPS, and PNIP payments from the government. There is another 1x 2 year lease which  can be assigned or a new, long term lease created. The annual rent review is CPI and the previous short options were at the insistence of the current owner and not a reflection on what the new owner could negotiate with the landlord. The owner’s daughter lives on the top floor of this complex and it is not an option for the medical centre to be expanded up into this space. The price was reduced from $350 to $325K on 18/10/2018.

Please contact us for further information & photos.

About this business for sale

Recruitment Franchise Health | Melbourne

An excellent opportunity to purchase a Franchise Recruitment Business, within a well established Specialist Recruitment Group.

This company was launched in NZ in 2018 to provide permanent recruitment services to the niche health industry, which is identified as a high-value, skill-short industry across both the Australasian markets. The business has launched with a strong brand identity, a dedicated website, with candidate and client resources and an exclusive live job board. The second office is due to open in Auckland later this year and the time is right to expand the brand into the Australian market.

As the territory is significant, the Franchisor has high growth expectations and so a background in developing and leading a successful recruitment team will be highly regarded.  The business has strong systems and process to support service delivery and business growth. You will be the owner operator, hands-on and face of the brand in the local market.

Key Business Highlights:

• High profile new territory – NSW or VIC
• Build equity and be financially rewarded
• Successful franchisor with exceptional systems, processes and vision
• A professionally run and successfully operated recruitment Franchisor with more than 17 years branding and goodwill.
• Very strong turnover and net profit expected.
• Collegiate atmosphere in purpose-built offices in each CBD.

Established in 2001, the Group provides dedicated channel specific recruitment services. With 16 agencies across New Zealand and Australia, the network of specialist recruitment agencies consist of Retail, Hospitality, Health and Executive recruiting.

Please contact us for further information & photos.

About this business for sale

Recruitment Franchise Health | Sydney

An excellent opportunity to purchase a Franchise Recruitment Business, within a well established Specialist Recruitment Group.

This company was launched in NZ in 2018 to provide permanent recruitment services to the niche health industry, which is identified as a high-value, skill-short industry across both the Australasian markets. The business has launched with a strong brand identity, a dedicated website, with candidate and client resources and an exclusive live job board. The second office is due to open in Auckland later this year and the time is right to expand the brand into the Australian market.

As the territory is significant, the Franchisor has high growth expectations and so a background in developing and leading a successful recruitment team will be highly regarded.  The business has strong systems and process to support service delivery and business growth. You will be the owner operator, hands-on and face of the brand in the local market.

Key Business Highlights:

• High profile new territory – NSW
• Build equity and be financially rewarded
• Successful franchisor with exceptional systems, processes and vision
• A professionally run and successfully operated recruitment Franchisor with more than 17 years branding and goodwill.
• Very strong turnover and net profit expected.
• Collegiate atmosphere in purpose-built offices in each CBD.
• Established in 2001, the Group provides dedicated channel specific recruitment services. With 16 agencies across New Zealand and Australia, the network of specialist recruitment agencies consist of Retail, Hospitality, Health and Executive recruiting

Please contact us for further information & photos.

About this business for sale

Established BB clinic, opened extended hours, for sale in Non DWS suburb of Western Sydney

The practice principle is about 60 yrs and works in his practice with a female GP who is doing about 35 hrs per week. The owner will transition for a period of 6-12 months with the new owner, and if the female is required, she’d be delighted to stay on too! The business owner also owns the freehold but is only happy to sell the business and keep the freehold; a long lease will be granted to the new buyer at the rate of $80K pa + GST + on-costs. All patient files are in the computer, and with patients coming in 7 days a week, this is a busy practice. Opening hours are 9am to 10pm, with GPs sometimes working til 11pm with the high patient demand in this location. Medical practitioners are highly regarded by this community and there has never been a safely breach at the practice.

As the suburb is not a DWS location, it still could be an attractive practice for a DWS restricted VR GP as there are so many options to work in the practice; being 4 hrs each week night, Sat afternoon and evening as well as all day Sunday, being just over 40 hrs. In addition, as a result of the 2x units being joined, there is the ability to create an onsite after-hours deputizing clinic at this location with one unit being separately lockable. This would increase the income and profitability of the practice.

Currently there are GPs as well as a dietitian, psychologist, chiropractor, VMO (endocrinologist), diabetic educator, and pathology onsite; making this a one-stop-shop for the residents of this community. There are 5x reception staff, all casual so no staff entitlements. 4 of them work 10-15 hrs per week and one works f/t hours.

Established in 2010, the centre is an AGPAL accredited practice dedicated to providing their patients with the very best of health care services. It is their goal to assist the local community in their health journey, with individually focused, holistic care. They get government incentives of over $3K per quarter for e-health and after hrs level 1 consults. The SWPE no# is 1632, with 2133 whole patient equivalent.

The modern facilities and expert staff can provide patients with a wide range of assistance, including:

• General Practice Services
• Family Checkups
• Weight Reduction
• Nutrition
• Stop Smoking Counseling
• Pap Smears
• Pregnancy Tests, Family Planning and Contraception
• Heart Checks
• Vaccinations and Immunizations
• Minor Surgery and Procedures
• Sports Medicine
• Sleep Studies
• ECG
• Wound Management
• Industrial and Medical Consultations
• Skin Checks
• Allergy Testing
• Workers Compensation
• Medicals

The local community has a wide range of additional allied services available including pharmacy, physiotherapy and dental. As a bulk billing practice, they offer bulk billing to all patients holding a valid Medicare card for all Medicare-eligible procedures. This means no out-of-pocket cost for most general consultations. For patients without Medicare, their fees start at $75, dependent upon the procedures required.

Please contact us for further information & photos.

About this business for sale

Non DWs clinic in a shopping centre next to a chemist & opp a pharmacy in Sydney’s west

The practice principle has been at this practice for 17 yrs so is somewhat of an institution in the shopping centre. The clinic is 42 yrs old itself and the shopping complex is about 50 yrs old. He is happy to stay on post settlement for a 6 month transition with the new owners on the current roster and is happy to do every Sunday as it is always very busy. After that, he is happy to continue at the practice on reduced hours for 3 years, in order to maintain his registration with AHPRA, as although he is mid 70’s, he is not yet ready to retire. The minimum required hours to do this is about 107 hours per year which is equal to about 1x Sunday 3-hr session per week. There is another GP at the clinic to enable it to open 7 days a week and that person does 2x half days. In addition, there are allied health and VMO’s that visit and pay rent to the practice owner, including an orthopaedic surgeon and a psychologist.

The practice principles hours are 9-12pm + 2-5.30pm Mon/Wed/Fri, with alternative Sat from 9-2pm, plus Sun from 8.30-11.30am, which is 26.5 hrs per week. The other GP works Tues and Thurs from 9-2pm and alternating Saturdays being 15 hrs so total opening hours are 41.5 hrs. A new owner would be able to extend the opening hours if they were a practicing GP and opening later. Alternatively, they might be able to recruit a DWS restricted GP to cover additional after-hours shifts in alignment with the shopping centre opening hours.

In the shopping centre, there is a large Woolworths (with a lease til 2040), and about 12 other smaller retail outlets, as well as a large chemist (with a lease til 2030) and the MC. The chemist is busy and does about 400 scripts daily. There is only a corridor between the chemist and the MC, which are both opposite the Woolworths entrance so plenty of pedestrian traffic past the front door. The MC is about 90 m2, and can be extended into the cafe area next door which is currently closed and will remain vacant for the 6 months that the practice is on the market in case a buyer wishes to expand the practice and make use of this adjoining space. The cafe space is about 73m2 so there is the potential to create a MC of about 163m2 for a new owner. Currently the lease (which is current til Aug 2021) for the MC is only $58,500 pa in this shopping centre (incl GST + on-costs) with about 300 car parks, and the cafe is paying about $50K so a newer, bigger MC could pay $100K pa in rent with a possibility of a price reduction by renegotiation with the landlord. In addition, there are options for a 7 year lease, with the first 4 being secure, after that there might be an enforced move to another location within the shopping centre as there are rumours that the shopping centre will be extended and businesses moved around to facilitate that; however, nothing is confirmed at this stage. There is another option being to sublease some space from the neighbouring pharmacist which would give another 5 year option to the MC owner. The pharmacy has a 12 year lease and can’t be moved, so this is a great alternative if the new buyer is concerned about this. The pharmacist is ready to put this offer in writing for the new owner.

There are 3x CR’s, with one currently being used as a Tx room, and reception area in this bulk billing clinic. The owner is looking to take a break in Jan 2019 so potentially a GP could do a locum for the month with a view to buying if they were interested in this location. There are about 250 patients at this practice each week which could be increased with a lady doctor onsite. Previously, they were seeing about 17,500 patients pa with a lady dr onsite, now they are seeing approximately 13,500 pts pa. The price is negotiable, and the owner is looking for $180K, depending on the transition that is negotiated.

The owner is an examiner with the College so could have a registrar (P/T or F/T) join the practice under his supervision. He just needs to complete the GP Synergy requirements for this. It is envisaged that in 2019, when there is another GP on-site, that they will be able to invite pathology onsite to assist with their patients via a nurse onsite (who the MC would pay for) and pay around $30K pa in rent to be there for the collections. There are 2x lady receptionists that share the F/T role. One of the ladies is 71 yrs old (6 sessions) and will probably retire at settlement. The other lady (6 shifts) is the partner of the practice owner and will stay for the 6/12 transition if not longer. Any entitlements for these staff will be paid out at settlement so that their employment can be terminated and then they can be offered new contracts by the new buyers.

Please contact us for further information & photos.