Sell Your GP Practice with Expert Brokers Or View GP Practices For Sale

As specialist general practice brokers, we have assisted hundreds of owners with a range of general practice sales since 2014. While we focus on helping sellers, buyers can explore our current GP practices for sale to find the right opportunity. If you are looking to sell a GP practice or seeking the assistance of general practice valuers we can provide you with the expertise you need for family medicine practice sales.

General Practice Sales – Where Do We Operate?

We work as general practice brokers and primarily sell GP Clinics in Sydney, Melbourne, Adelaide and Brisbane.  We have however also sold practices in the following locations. Toowoomba, Sunshine Coast QLD, Gold Coast, Newcastle, Hunter Valley, NSW Central Coast, Wollongong, Geelong, Gippsland, Bendigo, Ballarat, Townsville, Rockhampton, Mackay, Cairns, Albury as well as numerous other locations in regional QLD, regional NSW and regional Victoria and South Australia.

These general practice sales have been of a range of sizes from smaller sites with 1 or 2 Dr’s to large multidisciplinary sites with a large range of GP’s, Allied Health, Pathology, Dental and Radiology tenants.

Finding You Right Buyer When You Sell A General Practice

We pride ourselves as general practice brokers in finding the right fit for our clients. We understand that selling a practice is not always just about the price. There are other equally important aspects such as post sale employment negotiations or departure to retirement. To date, approximately 95% of our family medicine practice sales have been between general practitioners and not corporate firms. We source our GP Clinic buyers from a range of areas including our database which has been building since 2014 and also through a range of confidential marketing across a diverse range of commercial websites, social media, banks and other networks. Having a broad spread of marketing is key to source the most active current buyers who are looking in the moment.

What About Price? Getting The Right Price For Family Medicine Practice Sales

Setting the correct price when you sell a general practice is key.  Getting the price incorrect can lead to losing interested buyers in the initial instance as they move onto other opportunities. Overpriced practices will linger on the market and observers will wonder what is wrong with them.

Having been general practice brokers since 2014, we have extensive market evidence of historical sales across a wide range of geographical areas and practice sizes. This data is key to assuring through a comparative approach that we place the correct market value when we sell a general practice. A few of the benchmarks and comparisons we look at are

• financial accounts
• balance sheets
• location
• number of full time equivalent GP’s
• reliance on owner
• gross billings
• subtenancy rent
• lease on premises
• accreditation
• bulk billing  / mixed billing ratios
• government incentives
• DPA and MMM zonings
• registrars

The above points are a start to allow us to benchmark your practice against identical sales to obtain the most accurate market multiples and therefore calculations of price to sure when we sell a general practice we have set the correct guide.

Registered General Practice Valuers

Apart from being general practice brokers, we are also Registered Business Valuers (RBV). This means, we have the qualifications, experience and registration to perform general practice valuations. Practice valuations are different to appraisals.  Appraisals are “estimates of price” often known as “back of the envelope calculations” while they can still be accurate, an appraisal is not a legally structured document written for a specific purpose or against a framework. As general practice valuers, our reports are robust, detailed and defendable. They are written in accordance with the International Valuation Standard Council guidelines. Valuations can be used for such purposes as family law court, partnership disputes, associate buy in / buy outs, assessment of practices for purchase and tax office requirements. General practice appraisals cannot be used for these purposes, any agent, broker or salesperson can write an appraisal without the need for specific qualifications or education. Valuations can only be produced by valuers that have qualifications, education and experience in valuing businesses.

Sell a General Practice – Our Process

Visit our process page, for an in depth overview of our general process of selling your medical practice.

Licenced Business Agents and Professional Association Members

We are licenced business agents as well as members of the Australian Institute of Business Brokers. This is the leading professional association in Australia which ensures that we keep to a gold standard of practise by undertaking ongoing CPD and training to meet our registration and accreditation requirements. We are a licenced business brokerage in NSW, Victoria, South Australia and QLD and with associate partners in the NT which allows us to sell practices in those states and remain compliant with the latest government legislation around family medicine practice sales.

Who Will Sell Your General Practice?

Most practice owners only sell a business once. To ensure that you get the best outcome with a professional, experienced and confidential service. Contact us for a conversation about how we can assist you in selling a general practice.

To view a selection of current and historical listings click here