Once you register as a Buyer you will be able to access all the phone details and many more features
Established Gp Practice W Loads Of Active Pts Nr Port AdelaideAdvert Id: 258248, Sellers Ref: (730-AU-NSW00523)
- Sales revenue : Undisclosed
- Net profit : Undisclosed
- Furniture/Fixtures value : Undisclosed
- Inventory/Stock value : Undisclosed
There were 2x GP's wkg here; the owner is doing about 30 hrs a per week and the other GP was only doing about 2 days a week. The other GP has taken a break now and may not return. The owner wants to transition to retirement, but is also doing cosmetic work on the side with injectable (botox, restolin and distort) and is looking to start doing one night a week after hrs/on call too to add to the income of the practice. Currently he is only wkg about 25 hrs a week clinically or 5 hours a day.
He has the practice set up with a Family Trust and another entity owning the freehold:Hendon Medical Centre Pty Ltd has all the Medicare IncomeMA Alexander Family Trust pays all the bills and then bills the Medical CentreGeneral Investments & Building Pty Ltd owns the real estate
He's happy to sell the freehold or create a long-term lease for the new owner. Freehold is worth about $750K so rent should be about $45K pa + GST and on-costs. The land is a double block of land.
He has the financial statements created for the last 3 yrs and has gross billings of about $360K pa. The cosmetic income doesn't go into the MC income and some of the expenses are paid by the family trust. He is showing a profit of $100K which he says is not his income. The wages are about $70K and the electricity is low due to the solar panels he has had installed. He is running some home expenses including his personal cars through the business so with normalization, this additional profit can be realized. There is no rent being paid by the practice as he owns the freehold.
His points of difference from other clinics are that he is an Ozzie trained older GP's w/ an extensive data base of pts developed over 36 years. He is also stopped bulk billing altogether in Aug 2017. He believes that they still practice old fashioned medicine and have a personal touch with their pts.
This owner is quite flexible with how the sale will look and is open to all options. If the buyer wants him to remain working there, he is happy to remain wkg there on a P/T basis. He is hoping to get $185K for his business; with him staying on for an extended period of time, his developed goodwill (with his pts and in the community) will remain at the practice.
Gross is a little down in the last financial year as the owner took 6 weeks of leave at end of year and then began billing all patients a gap for the last period on 2016-2017 which meant a slight delay in money flow. However, the end result of completely stopping all bulk billing was an increase in average amount billed from $37.05 to $37.05 +$18.95 = $56 that is an increase of around 50%.
To enquire on this business visit [Web Link Censored] and click on "enquire now"
For full details contact Sally Stuart on [Email Censored] or on [Phone Number Censored].
Note: The purchaser to make his/her own investigations and enquiries in relation to the business and not to rely upon warranty or statement made by the vendor or by anyone on his/her behalf.
Timestamp: [Phone Number Censored]
- Company Details : Link Business (nsw)
- Phone : Click here for phone number
Once you register as a Buyer you will be able to access all the phone details and many more featuresYou must select a state.
Similar Business Opportunities
- Corner The Market With Highly Regarded Pizzeria RestaurantSydney, New South WalesPrice: $189,000
:: brand new $200,000 fit out :: seats 100 in and out :: the new owner can expect a good clientele and an easy start ...
- Howards Storage World Moore ParkSydney, New South WalesPrice: $575,000 Price inlcu
Howards storage world located at supa centre moore park is one of australia's most recognised and reputable franchise sy...
- Licensed Post Office With Freehold OptionHunter, New South WalesPrice: $410,000
- Post Office
Link business (nsw) is proud to bring to the market a unique service/retail opportunity generating high profits and rega...
- Chemist Space For Sublease In Bankstown, Would Be Ideal For A McSydney, New South WalesPrice: $60,000 Lease Only
In august 2019 the owner of this chemist will be relocating the pharmacy 60 meters up the road and re-branding it to a p...
- An F45 Not To Be Slept On...Sydney, New South WalesPrice: $245,000
- Health and Fitness
Keen on finally getting your footprint in the fitness industry you've been screaming for? well, as per usual, chris mor...
- The Shed Cafe Westfield HurstvilleSydney, New South WalesPrice: $185,000
- Cafe and Coffee Shop
This beautifully appointed cafe is located on the rooftop of westfield hurstville taking centre stage in the food precin...
- Popular Caf At An Unbeatable Location!Blue Mountains, New South WalesPrice: $325,000
- Cafe and Coffee Shop
Bob yates and the team at link business (nsw) are proud to bring to the market a unique hospitality opportunity that gen...
- Superbly Presented Licenced Restaurantbar For Sale Perfect Hobart...TasmaniaPrice: $750,000
Here is an opportunity to own an award winning, well-established licenced bar and restaurant in the heart of hobarts bus...
- Well Respected Relocation, Storage & Freight Business For Sale ...TasmaniaPrice: $1,999,000
Here is a golden opportunity to own a well-established, relocation, import / export ampersand storage business which is...
- You?re Not Hearing Wedding Bells ? It?s Opportunity Bells!New South WalesPrice: $195,000
- Hire and Rent
Heike tye and the team at link business (nsw) are proud to bring to the market a unique wedding hire company that provid...
- Tourist Caravan Park! Leasehold!Melbourne, VictoriaPrice: $975,000
- Caravan Park
Barry bolwell and the team at link business (nsw) are proud to bring to the market a well-established tourist/caravan pa...
- Accredited Established Holistic Gp Clinic For Sale In Melb Non...Price: $1,500,000
The mc is a private billing clinic, with a range of practitioners on-site for patient convenience. opening hours are m...
- Leasehold Caravan Park For Sale!Melbourne, VictoriaPrice: $850,000
- Caravan Park
Barry bolwell and the team at link business (nsw) are proud to bring to the market a leasehold caravan park. the park ha...
- Delisse Cafe In Randwick NewmarketNew South WalesPrice: $250,000
Founded in 2013 and now operating 4 successful stores in the sydney cbd, de;lisse is a franchise concept in food retaili...
- Popular Cosmetic Treatment Clinic & Freehold For SaleSydney, New South WalesPrice: $375,000 Freehold ex
Sally stuart ampersand chris morrison are proud to bring to the market an outstanding opportunity to own a well-establis...
- Marketingphotography, Real Estate & HospitalityNew South WalesPrice: $295,000
The subject business offers b2b services to the real estate, hospitality and other property/venue marketing related indu...
- Mouth Watering Opportunity Fresh Off The Oven!Sydney, New South WalesPrice: $949,000 plus SAV
With mouth-watering products and mouth-watering profits - this bakery cafe in a premium location truly has it all! with ...
- Growing F45 Studio In The Hunter Region!Hunter, New South WalesPrice: $350,000
- Health and Fitness
Growing f45 studio in the central coast/hunter region of new south wales. absolutely fantastic opportunity for a sales ...
- Historic Ross Post Office Tasmania & ResidenceTasmaniaPrice: $599,000
- Professional Services
Nestled in the leafy and tranquil main street of ross this post office is more than meets the eye. located 78 kms south ...
- Italian Restaurant In Affluent Beachside Suburb!Sydney, New South WalesPrice: $140,000
Licenced italian restaurant surrounded by affluent suburbs palm beach, whale beach and avalon fully equipped modern r...
- Luxury Award Wining Self Contained Accommodation Business In...TasmaniaPrice: $Refer to Broker
Exclusively listed with link business hobart, we proudly present this fantastic opportunity to acquire an award winning ...
- World Famous Hot Pot Brand RestaurantSydney, New South WalesPrice: $129,000
Sabrina xia and the team at link business (nsw) are proud to bring to the market the world-famous hot pot brand of resta...
- Strong Returns, Strong Establishment, Strong OpportunitiesSydney, New South WalesPrice: $850,000
Charles gallen and the team at link business (nsw) are proud to bring to the market a highly profitable and well-establ...
- High End Brands With High End Results!New South WalesPrice: $459,000 Plus SAV
Sabrina xia and the team at link business (nsw) are pleased to bring to the market a unique and glamorous upmarket fashi...