DPA + MMM5 GP clinic for sale w/ 2nd clinic option

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Sydney 2000 Sydney, New South Wales, Australia

2 1165
$660,000
NSW10818
2 months ago

This MC is designed to provide a comfortable & welcoming environment, where the team and pts alike can feel at ease! 

Clinic stats:

  1. Accredited:  AGPALACRRM
  2. Training practice - new regs start Feb '24
  3. Current owner will transition for 6-12/12 w/ the regs (neg) + another approved supervisor will stay
  4. Active Skin cancer clinic: Yes
  5. Distance to Newcastle Airport, Newcastle; Sydney North Shore : 40 min, 55 min & 2 hrs
  6. Population catch: 4,500
  7. Active Pts: 2,610
  8. Billing: MB w/ BB for path results & CDM pts
  9. Splits: Private = 39%, Medicare = 54%, DVA = 6%
  10. Gross Annual Billings: ~$1m
  11. Adjusted EBITDA: ~$150k
  12. No# of Drs: 5 (some are on the RVTS/PEP undertaking training to get F/ship) - 2x FTE's
  13. Drs hrs + splits: owner =  2 days/wk @70% of billings, Dr 2= 3 days/wk @ 70%, Dr 3 =  2 days/wk @ 60%, Dr 4 = 2 days/wk @ 60%, Dr 5 =  2 days/wk @ 60%
  14. skin cancer drs: get b/w 60-70% for the procedural work
  15. Allied Health: 4 - Psychologist, dietitian, podiatry, etc
  16. CR: 6x
  17. Path: pays $3,500/12 or $42,000 pa til 2025, <4% annual increase, they are keen for a longer term but current owner renews their lease every 5 yrs to negotiate better terms
  18. Tx rms:1x
  19. Team: PM support from the sister clinic, 1x receptionist + 1x cas nurse (28 hrs/wk)
  20. Software: BP, Cubiko, Hotdoc
  21. Rent + outgoings: $37,200 + GST & $3,600 + GST pa 
  22. Lease: 'til May 2027, Landlord is keen to offer a new 5+5 lease, annuallCPI increase
  23. PIPs: $34k pa
  24. WIPs: $44K pa
  25. Location: opposite Nelson Bay, this is the sister practice to a large MC which is owned by the same GP owner & can be bought independently or together. 
  26. Hrs: Mon to Fri - 8:30am - 5:00pm

Note: vendor has cut down staff cost significancy post COVID + their PIP + PNIP have increased by approx 50% this quarter. My-Medicare will bring more incentive to the practice too, so, if you delay in purchasing a GP business this year, the EBITDA will be significantly higher at the end of the current financial year.

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
0437 082 045
sally.stuart@linkbusiness.com.au

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