MEDICAL PRACTICE FOR SALE
HORNSBY AREA,,
Sydney, New South Wales (NSW)
This upper North Shore Medical Centre has a main road shop front location and has been established for 2 years now. They are looking for a partner or outright sale. This Medical Centre would be ideal for an ambitious GP wanting their own practice or a husband and wife GP team, living on the North Shore.
MEDICAL PRACTICE FOR SALE
Upper North Shore Medical Practice
Sydney, NSW, Australia
SALE TERMS:
Equal Partnership or Whole Practice
BROKER:
Chris Babich
Babich Medicos
CONTACT:
Mobile: 0416 132 366
EMAIL:
MEDICAL CENTRE PROFILE
INTRODUCTION
This Medical Centre has a modern setup and is AGPAL accredited. The centre predominantly bulk bills but is gradually introducing a private fee. The Medical Centre is made up of 6 consulting rooms, in house allied health and parking for doctors and staff.
There is no immediate corporate opposition and there is significant scope for expansion with additional GPs.
PERIOD ESTABLISHED
We understand the medical centre was established in 2016, some 2 years ago by principal.
OWNERSHIP
The medical centre is owned by principal and administer through the principals company.
LOCATION / POSITION
Located on the Sydney northern suburb, close to Hornsby some 45 minutes from Sydney CBD.
Shop front main road location with ample parking for doctors, staff and patients.
MEDICAL CENTRE LAYOUT
Shop front consisting of waiting area/reception room, 6 CRs and TR, toilets.
Practice covers some 120 sq. mts of commercial/retail space & offers 5 cars security parking for staff & doctors.
The rooms are large, have sinks are fully furnished and well equipped.
The medical centre is computerised, paperless, using Best Practice and Pracsoft.
The medical centre is currently accredited under AGPAL to 29/6/2019.
SECURITY OF TENURE
The medical centre premises are owned by the principals’ superfund.
Current lease is a 5 year option from 8 August 2015 to 7 August 2020
We understand from the information given the property would be for rental.
Note: The current rental is $4,000/month (inclusive of G.S.T.) or $48,000pa.
The rental is approx. 12% of the current annual gross income of the practice.
MEDICAL CENTRE DOCTORS
The practice currently consists of one female G.P. work the following hours.
Mon – Fri (9am – 5.30pm)
She works as a contractor under a DWS placement on 70% of her gross billings.
SERVICES PROVIDED/ALLIED HEALTH
All aspects of broad based general practice work is covered.
Allied health is also provided on site by a Chiropractor, Exercise Physiologist, and Psychologist.
Chiro and Physio contribute a 30% service fee to practice Management Company.
Psychologist works on a rental of $20/hr + GST
STAFFING
We understand the medical centre employs excellent staff consisting of a full time office /practice manager ( $45,000pa) , one part time receptionist working 3 days/wk.( $22/hr) , once casual receptionist ( $ 22/hr) , practice nurse working 3 days/wk.( $32/hr) and two other practice nurses each working 1 day/wk.( $32/hr) , on a casual basis.
A bookkeeper is also engaged for 4 hours/wk. at $200/wk.
MEDICAL CENTRE HOURS
The medical centre is opened Monday – Friday (9am-5pm)
The GP provide some 40hours/wk. of patient contact clinical time.
Note: The practice provides after hours through the Local Deputising agency.
The practice is appointment based with 15 min appointment given to patients however walk ins are welcome and seen as soon as possible.
PATIENT NUMBERS
We understand new patient numbers treated for the period 1/7/2016 – 30/4/2017 was 2610 patients.
We are advised that the present female GP averages some 68 patents /wk.
The practice has some 2298 active patients on their Best Practice records since commencing.
FEE STRUCTURE
We understand the medical centre is mixed billing with a predomination of BB with some private billing ($80 Level B).
ANNUAL GROSS FEES/TOTAL INCOME
We understand the total income generated for the most recent 12 month period ended to 30/6/17 was $403,887.
This incorporated PIP, PNIP which were as follows for the same period:
PIP $10,000
PNIP $ 30,000
Total $40,000
WHY SHOULD YOU BUY MEDICAL CENTRE
-
Huge potential to expand with additional GP, open longer hours.
-
Excellent position on main road near local shopping area.
-
Easier to recruit GP.s in upper northern suburbs location
-
Very inexpensive purchase considering it would take at least the asking price if not more, to establish, fit out and equip a medical centre of this quality and size and current revenue base.
-
Easy area to establish a fully private fee base allowing buyer against any Medicare changes.
-
Minimal opposition in area and none in direct opposition.
DISCLAIMER:
The information contained in this document is confidential and for use solely in connection with appraising the purchase of the practice describe herein and solely by the party marking the purchase enquiry.
The information has been provided by the principal who is responsible for the management control of the practice, and whilst Australian Babich Medicos P/L, or its executive, has no reason to doubt its accuracy advises that they have not had it independently verified an hence do not represent that it is true.
The provision of this information is not a recommendation to invest or divest and Australian Babich Medicos P/L expressly disclaims any liability in this regard.
Interested parties are advised to conduct their own detailed internal investigations and consult their accountants and lawyers before entering into any commitments or transactions.
This document and the information contained therein shall not be duplicated, reproduced or revealed in any way in whole or in part without the prior written consent of Australian Babich Medicos P/L.
The information in this document and the views expressed in it, are for the sole assistance of those commissioning practice profile report, and sale and neither the report nor anything in it are to be relied upon for the purpose of securing or raising finance for the business, based on any perceived value of the business or may of its assets as expressed in this document.
Always at your service,
Yours sincerely,
Chris Babich
DIRECTOR
CONTACT DETAILS:
Chris Babich
Director
Babich Medicos
Mobile: 0416 132 366
Email: chris@babichmedicos.com.au
Posted: 20th July 2018
Position Reference: DY17078
