Family Medical Practice For Sale – Nth Qld Provincial City
Family Medicine Practice for Sale
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.
- 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
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