Family Medical Practice For Sale – Nth Qld Provincial City

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Family Medicine Practice for Sale


Business ID: NTHQLD002

Location: North Queensland City


Family Medical Practice For Sale – North Queensland Large Provincial City

Medical Business Brokers is exclusively listing this long standing General Family Practice located in a North Queensland major city. The owner practitioner is seeking to slowly transition to retirement however is prepared to remain to ensure a stable handover of goodwill with the patient base and referrers for up to 18 months. The premises consist of 5 consult rooms and a procedure room. There is a second building on the site that also has smaller consult space available. There is significant scope to increase this practice to several GP’s or sublet to Allied Health, Dental and Pathology tenants to transition it into a thriving medical centre with little to no capital expense. The current practice is mixed billing model with 47% of patients being bulk billed. The practice receives significant patient revenue also from Occupational Health assessments and referrals and the current owner will see to train incoming doctors in this area to maintain the goodwill.  A Psychology subtenant is also in place.

Key Points

  •  Software Used —  Medical Director
  •  Accredited until August 2022
  •  5 Consult Rooms, 1 treatment room and extra neighbouring space in separate building onsite also available for rent
  •  Possibility to purchase Freehold premises
  •  Experienced reception staff willing to stay
  •  Clear and concise accounts
  •  Patient Billing Revenue in excess of $500K per annum
  •  Current Profit to owner averaging around $330,000 per annum
  •  Open weekdays only. No evenings or weekends
  •  47% of patients bulk billed
  •  Owner willing to remain for up to 18 months
  •  Strong revenue stream from Occupational Health Assessments to be transitioned to new owner
  •  Location is NON DPA, MMM2
  •  Solo GP owner with single GP Registrar currently working on site
  •  Significant upside with spare space ready to be occupied or sublet

Complete the Confidentiality Agreement below to express your interest

 

Confidentiality Agreement

  • I/We, being the people named in the Schedule set out below, acknowledge that we are prospective Buyers of businesses described in the Schedule and of other businesses of which Medical Business Brokers Pty Ltd and its agents have brought to our attention and in consideration of you and the Seller allowing us to inspect a business profile and other material relating to the businesses and / or the Seller’s agreement and your arrangement on the Seller’s behalf to allow us to inspect the businesses we acknowledge and agree as follows:
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    (a) Non verified and unaudited trading results and or profit and loss reports, balance sheets, budgets and forecasts
    (b) Industry information, costs/expenses, projected trading estimations, sales, marketing and employment details

    2. That the profile and its information are to be used and accepted as a guide only. All information contained in it, is our responsibility to verify and confirm, and we agree not to hold Medical Business Brokers Pty Ltd and or its salespersons and authorised personnel responsible for its accuracy, liability, or loss suffered by us in relation to the information contained in the profile.

    3. The business profile and material and all things connected and related to this material are Confidential and we agree not to disclose them to any other person except our legal, accounting, financial advisers and bankers but then only on the basis that they have to provide to us their agreement prior to receipt of the material to keep this information confidential unless the Seller’s prior written consent is first had and obtained to disclosure of this material to that party.

    4. We acknowledge, that as a result of perusing the business profile and material, and during the course of the inspection of the business we will become aware of information regarding the operation of the business and in particular the marketing of the business which is personal to the seller and which has real financial value to the Seller. We acknowledge that should such information become known to the Seller’s competitors or other parties interested in setting up a similar business in opposition to the Seller or used by ourselves in the operation of a similar business that these actions could cause financial hardship to the Seller and therefore the Seller might seek compensation. Except when particular information is unique to an industry and all like organisations and businesses would under normal operational circumstances become aware of such information do and conduct such business operations in the course of their endeavours.

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    6. We acknowledge that Medical Business Brokers is the agent for the seller and that all offers, correspondence and deposits are to be transacted through Medical Business Brokers unless specified otherwise in writing.

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