Medical business for sale in Abbotsford
- Abbotsford NSW 2046
- $90,000 ONO
Annandale. Move the GP Business + Grow or Stay.
Est in 1991, this lovely boutiques solo GP practice in Annandale would suit a husband & wife GP team. W/ 2 CRs, this mixed billing clinic is not open on a F/T basis currently so there is plenty of potential to grow. Alternatively, you could consider this acquisition as a great base on which to develop & relocate to a bigger site. Located on a busy main road, it is close to nursing homes and next to a psychiatric practice.
The vendor is happy to stay on w/ the new buyer to help transition the pt base. Asking $90,000 ONO, my ideal buyer must be a working principal, a corporate would not be an option. The clinic is currently unaccredited and uses MD + Prac Soft.
The lease option from an unrelated landlord would be 3x3 yrs at the commencing rate of $46,800 pa + GST. The solo GP has a P/T admin who mirrors his hrs. Current hrs are M/T/Th/F 8.45am to 12.30pm + 2.15pm to 6pm. The admin person is happy to stay on with the new owner and is paid currently $47,986 pa + 10% super.
Last financial year the clinic had 5,705 active pts; with approx 145 pts/wk. Nursing home residents that were former pts of the clinic are seen fortnightly. The pt split is approx 40% private & 60% BB. The owner takes approx 75% of his pt billings.
Reasons to buy this practice:
huge potential to grow the practice by increasing the days + hours the clinic is open
plenty of street parking with excellent visibility on a main road
no path in house currently.....opportunity to add income via sub-lease to path + off-set rent
desirable Inner West Sydney location with a pt base that could be relocated
sale price less than the cost to create a new clinic
no anti-aging services currently offered means that private income stream could be increased
Think out side the box...and use this base to:
Work across a wide number of residential care facilities and bill from here
Work across a number of cosmedical/injectable clinics and bill from here
Work across a number of NDIS locations and bill from here
Use telehealth from home and bill from here
For more information on this opportunity, please contact the undersigned:
Allbiz Deal Room
T: 1800 858 696
For more details go to https://drive.allbizdealroom.com and complete our online confidentiality agreement. Use the reference ID NSW09941 to search for the business.
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner's salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.