Buy a GP Clinic

About this Business for sale in Port Stephens

Suitable for all Dr restrictions = great recruitment opportunities!

This MC is designed to provide a comfortable & welcoming environment, where the team + pts alike can feel at ease! FY24 EBITDA was approx $320K, 2023 was around $270k. FY25 will be equal to or better than 2024.

Clinic stats:

1. Accredited w/ AGPAL & ACRRM for reg training
2. Current owner will transition for 6/12 w/ the regs (neg) + another approved supervisor will stay. He spends 3.5 mnths o'seas but when in Oz, wks Mon & Tues. Commitment would be 6 to 9/12 2x days/wk unless overseas post settlement. He may continue to wk 1-2 days after the commitment period ends.
3. Active Skin cancer clinic: Yes
4. Distance to Newcastle Airport, Newcastle; Sydney North Shore : 40 min, 55 min & 2 hrs
5. Popln: 4,500
6. Active Pts: 2,610
7. Billing: MB w/ BB for path results & CDM pts
8. Splits: Private = 39%, Medicare = 54%, DVA = 6%
9. Gross Annual Billings: ~$1.21M
10. No# of Drs: 4 (some are on the RVTS/PEP undertaking training to get F/ship) – 2x FTE's
11. Drs hrs + splits: owner = 2 days/wk @70% of billings, Dr 2=3 days/wk @ 70%, Dr 3 =  3 days/wk @ 60%, Dr 4 = 2 days/wk @ 65%
12. Skin cancer drs: get b/w 60-70% for the procedural work
13. Allied Health: Psychologist, podiatry, nurse
14. CR: 6x
15. Path: pays $3,700/12 or $44,500 pa til Jan/Feb25, <4% annual increase, they are keen for a longer term maybe 5×5
16. Tx rms:1x
17. Team: PM support from the sister clinic , 1x receptionist as 2-I-C & a traniee admin + 1x cas nurse (28 hrs/wk)
18. Software: BP, Cubiko, Hotdoc
19. Rent + outgoings: $37,200 + GST & $3,600 + GST pa 
20. Lease: from 18.4.24 the landlord agreed to a new 5+5+5 lease, annual CPI increase
21. PIPs: $34k pa
22. WIPs: $44K pa
23. Location: opposite Nelson Bay
24. Hrs: Mon to Fri: 8:30am to 5:00pm

Note: vendor has cut down staff cost significantly post COVID + their PIP + PNIP have increased by approx 50% recently.

My-Medicare will bring more incentive to the practice too!

Site visits: may take place after an initial online chat has taken place w/ the vendor at a time that is mutually convenient outside trading hrs.

Broker: Sally Stuart
M: 0437 082 045
E: sally.stuart@linkbusiness.com.au

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND INQUIRIES IN RELATION TO THE BUSINESS & NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF

Ref: NSW10818