Medical business for sale in Brisbane City
- Brisbane City QLD 4000
- $750,000 (GST na)
Northside Bris GP Clinic. Drs Remaining. No DPA.
1. Profitable Bulk Billing Accredited clinic.
2. Consulting rooms not fully utilized means you can add value.
3. Stable Male and Female GP workforce will remain post settlement.
With a team of 3x GPs, 2x nurses and 2x administrators, this newly created GP clinic on the north side of Brisbane has turned off their SEO AdWords/Google advertising and closed their books now as they are too busy and can't take on additional patients. Having an owner/working GP move into this clinic would mean that new patients can be again welcomed to the practice and the web advertising can be restarted.
Currently only open 8.30 til 5pm Mon to Fri, there is so much untapped potential within this practice for a keen business buyer to open the clinic for additional hours and days. Within this central suburban shopping centre there is a Dominoes; the pizzeria is open til 9pm and there are loads of people attracted to this location til after 8pm each night during the week. Saturday trading is another opportunity as yet unexplored by this clinic. With loads of shopping centre car parking, there are ample spaces for both drs and pts. The are no restrictions on the number of GPs that can work in the clinic at any one time and the private assessor gained approval for 7x consulting rooms so plenty of space to add in extra doctors.
The current lease, which can be assigned or transferred, is for 10 years. The clinic was only created and opened in 2016 when they had 3x CR's and a treatment room. the unit next door become vacant in 2019 and the GP owner was able to expand into this space. Now the clinic is 9 rooms, with a large treatment room. Med Labs are providing pathology services at the rate of $2k per month. There is a practice manager using a room and 6 rooms for GPs. There are 3x GPs currently at this practice (the 3rd returning from maternity leave by the end of Q3).
This bulk billing clinic is appointment with allied health providing additional services onsite. There is ia physio there one session a week and paying 35% to the practice owner. 2x dietitians pay room rent at $120 per day. One comes every Wednesday and the other 1 day every other week. They are currently trying to get psychologist to join the practice to support the increase in mental health referrals that are coming as a result of COVID stress and job losses etc.
The practice recently showed $250K in profit to the owner with gross billings at around the $1.2M mark. Site visits can be scheduled at mutually convenient times after hours or on the weekends, around the business owners availability. He doesn't work in this practice apart from covering leave so there will be no dramatic loss of income in the practice at settlement as he is not the major income earner for this clinic.
For more information on this opportunity contact the Allbiz team.
Allbiz Deal Room
T: 1800 858 696
For more details go to https://allbizsales.com/au and complete our online confidentiality agreement. Use the reference ID NSW09753 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.
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