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General Medical Practice For Sale - Sydney

  • ID Ref 5355
  • State NSW
  • Status For Sale
  • General Medical Practice For Sale - Sydney

Business Description

For Sale is this long established Family General Practice located in the Inner West of Sydney. Positioned in a harbourside location just 10km from the Sydney CBD the founding practitioner is looking to retire and move the practice across to another General Practitioner who is keen to practice Family Medicine and take over their patient base. The practice also has 3 other General Practitioners working on a part time basis and the incumbent owner works 3.5 days a week. There is scope to increase practitioner hours or add another part time GP into the business. There is also a space that is used for Massage Therapy on a part time basis that could potentially be converted to another full time consulting space for a General Practitioner. Current hours of operation are Monday to Friday general business hours so scope exists also for expansion into the weekend. The business is located in a Commercially zoned building within a residential area but close to shops, cafe’s and Pharmacy and allows easy parking for patients. The practice has a focus on time for patients rather than a fast bulk billing model. The current structure is of mixed billing with approximately 70% of patients being bulk billed and 30% of revenue under private billings. The practice does not actively market or seek new patients. In fact, the incumbent Principal has had closed books for the past 10 years and the other staff are similar. There is significant scope to open the books and increase billings with minimal effort. Using Best Practice Software the business has clear and concise financials and statistics and presents as a well run commercial operation. Please note, this business is not suitable for Investors, the sale is geared toward GP’s that are looking to step into the shoes of the incumbent Principal, take over their patient load. A long lease can be provided to the acquirer along with a first right of refusal to purchase the freehold premises in the future should they so choose. Please contact us for a Confidentiality Agreement if you would like further information.
Not Suitable For Investors.

Business Features / Snapshot

Your Business Broker

Brian Hill

Business Location

New South Wales, New South Wales 2000