Perth, Western Australia 6000
Unprecedented Medical Practice with Multidisciplinary Team Suitable for Investor
For Sale | Offers above $1.8M + SAV (circa $120k)
Located in Perth, this is an excellent opportunity to acquire a well-established long-standing multidisciplinary private-billing practice with multiple revenue streams, exceptional returns and opportunity for further growth. The practice is under full management with efficient systems in place, experienced support staff and an enviable team of practitioners, making this business suitable for a hands-on or hands-off investor.
The practice has a large database of patients, modern electronic software for management and integrated front to back office. Despite the current COVID pandemic, this business has continued to perform strongly and has shown continued growth over this period.
Turnover: 2019/20 financial year turnover: $2.9 million (2020/21 expected to be circa $3.3 million)
Profit: EBITDA for 2019/20: circa $600,000 (2020/21 is tracking considerably higher).
Due to the current owner needing to move interstate for family reasons, they are reluctantly looking to sell this practice.
This business represents a rare and unique buying opportunity for an investor looking for a business with exceptional returns and long-term scalability in the highly sought-after medical wellness sector.
Long Term Lease Available (Freehold Premises are not for sale). The beautifully renovated practice has a bespoke fit-out with further expansion capacity, which provides an opportunity for further growth, without any additional capital requirement from a new owner.
This business is open to sensible and serious offers. Priority will be given to buyers that can show that they are in a financial position to complete a transaction without needing to seek bank finance, as this will cause significant delays. As part of their application, buyers should be able to show a willingness for a timely transaction and approved finances.
Due to the confidential nature of the sale, no information about the practice will be provided until a full Confidentiality Agreement is executed and approved.
For more information and a Confidentiality Agreement, please contact:
David Screaigh 0409 113 814
Catherine Jones 0409 104 655