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Practice, Health Care And Medical Business For Sale in Sydney Nsw

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2x Preserved Gp Dws Exempted Provider Numbers Available!

Location:Sydney, New South Wales

Category:Medical

Asking Price:$185,000 Motivated v

185000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • 2x Preserved Gp Dws Exempted Provider Numbers Available!
  • 2x Preserved Gp Dws Exempted Provider Numbers Available!
  • 2x Preserved Gp Dws Exempted Provider Numbers Available!
  • 2x Preserved Gp Dws Exempted Provider Numbers Available!
  • 2x Preserved Gp Dws Exempted Provider Numbers Available!
  • 2x Preserved Gp Dws Exempted Provider Numbers Available!

Business description



Currently with 1.4x FTE GP, the suburb is no longer DPA/DWS however, it does have 2x preserved Medicare provider numbers which can be transferred to a DWS/19AB restricted GP. From April 1 one of the GP's will finish his locum term here so we are looking for a motivated GP buyer (not suitable for an investor unless you have a VR GP in your buying group who will work in this clinic full time). The p/t GP's is currently using one of the DWS/DPA exempted Medicare provider numbers and she has another couple of years of her moratorium to finish. She is working 2 days a week, and if the new buyer wishes to use both of the preserved provider numbers, then it might be that the locum '6-month' term be invoked to get around this initially or the p/t GP will have to be terminated and will have to rescind her work rights for the practice in order to transfer the exemption status. 

With Clinical Labs onsite and paying $35K pa, the site is staffed by 2x P/T receptionists who would potentially stay if required by the new owner. The practice manager also overseas another 3x clinics so will not be remaining as a team member post settlement. Ideally the buyer will have a GP and a PM to take over this practice....a husband and wife team would be the perfect buyers! 

The clinic only opened in Nov 2014 so there is still value in the plant and equipment for the new buyer to depreciate. The business owner has a month-to-month agreement with the landlord as no new lease was ever signed. The new buyer would have to negotiate a new lease with the landlord; who would be happy to have the medical centre remain in the location. There might be an option for a new buyer to negotiate a 3-month rental holiday. 

The clinic is using BP patient software and the AGPAL accreditation expires at the end of 2022 so three year without having to do this again! There are 2x consulting rooms, with a single bed treatment room and pathology room. Space is well utilized in this practice. Health Engine is in use for online bookings. 

Site visits of the practice can take place on the weekends at a mutually convenient time or after work during the week. Currently clinic hours are 4.5 days per week with no clinics over the weekend; additional profits can be realized by opening longer and offering additional sessions:
• Monday 9am6:30pm
• Tuesday 9am5pm
• Wednesday 9am6:30pm
• Thursday 9am5pm
• Friday 9am12:30pm

From the financials, you'll notice that there is no income from pathology….this is currently going to another business account so the new buyer would get the additional income from Clinical Labs being $35Kpa + GST. The F/T GP that is there currently will be finishing up at the end of March 2020 ….the owner had a stroke and other GPs were invited to work in his practice in order to continue to service the patients. His wife has told him that she doesn't want him to have a lot of pressure in his life moving forward due to his health, so he is not working actively as a GP in this practice. The buyer of the practice will be required to work in it from April 2020.

Listing ID: NSW09389​

Brokers: Sally Stuart, [Phone Number Censored] + [Email Censored] 

To complete an online confidentiality agreement visit this business and enquire now at: [Web Link Censored]

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

Keywords: Medical, GP, DWS, Preserved Provider Numbers, Medical Centre, Health, Medical, Clinic, Medicare
Ref: NSW09389
Timestamp: [Phone Number Censored]

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