New South Wales
Family General Medical Practice - Sydney Inner West
For Sale |
Located in this inner western harbour side suburb is this superb opportunity for General Practitioners to take over and continue to operate this long standing general practice. In operation for over 100 years!, the incumbent owner has been practising for close to 35 years on site and it is now time for retirement. Substantial upside exists for practising GP's to take over the going concern business and continue the tradition of family medicine amongst the local community.
The practice is owned and run by a single GP who intends to retire after a hand over of patients. However there are 3 consulting rooms onsite, one being used part time for a Pathology tenant. The practice is and has always been 100% Bulk Billing however the incumbent owner agrees that it could be easily transitoned to mixed billing without any risk. The high socio economic area that it is located would easily suit a mixed billing model. This practice is ideally suited to a GP couple or business partners that can expand the services that are currently offered. The practice operates Monday to Friday and has previously been open Saturday mornings. Gross billings are in excess of $500,000 per annum ( Bulk Billing!) and owner earnings around $260,000 per annum.
* Medical Director Software
* AGPAL Accredited until December 2021
* Pathology Subtenant
* 2 x experienced part time reception staff
* Commercial shop front in trendy café strip
* Rear lane access
* 3 x Consult spaces
* 100% Bulk Billing - can be moved to Mixed Billing
* Turning away patients
* Great relationships with local Pharmacy
* Revenue $520,000 (Bulk Billing)
* Sensible costs - well run commercial operation
* Ability to purchase Freehold premises
* Owner intends to retire after mutually agreed handover
NOT SUITABLE FOR INVESTORS
For further enquiries please contact Brian Hill - BBNA.