Family Medical Practice For Sale – Sydney Inner Western

SOLD

Family Medicine Practice for Sale

Business ID: SYD0034N

Location: Sydney Inner Western Suburbs

Family Medical Practice For Sale – Sydney Inner West

Medical Business Brokers is exclusively listing this long standing General Family Practice located in Sydney inner western suburbs within 15km of the CBD. The solo practitioner is preparing to retire but is prepared to stay for a short time to see that there is a proper transition of Goodwill with the patient base. The premises consist of 2 consult rooms and a 3rd room that is used by Pathology 2 mornings a week and could easily be used as a 3rd consulting room. There is significant scope to increase this practice to 2 or more full time GP’s at little to no capital expense. The current practice is 100% bulk billing which has been the historical choice of the owner however in this part of Sydney a mixed billing implementation would not be a problem and could easily be transitioned in. There has been no marketing spend on this business and the patient base is solid and stable and ready to be opened up if a second practitioner joined the business.

Software Used — Medical Director
Accredited until December 2021
Treatment Rooms — 2 fitted and prospect for 3rd around the Pathology hours
2 experienced part time reception staff willing to stay
Clear and concise accounts
Patient Billing Revenue in excess of $500K per annum for the last 3 years (single practitioner bulk billing working around 45 hours a week), could be significantly increased with mixed billing
Current Profit to owner averaging around $270,000 per annum over the last 3 years
Front street and rear lane access
Premises is owned by the practitioner and a market rental can be offered and the freehold is also for sale at market value.

The focus on this transaction for the owner is to find a General Practitioner to take over the patients so this business is not suitable for silent investors or managers. Ideally suited to single GP’s or a couple of practitioners that want to capitalise on this opportunity in a great location with significant scope for billing expansion while retaining the family medicine practice model.

Complete the Confidentiality Agreement below to express your interest

Not Suitable For Investors.

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Confidentiality Agreement

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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:
1. The business profile and material may include:
(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.

5. All inspections of the business are to be by appointment, arranged through Medical Business Brokers only, and we agree not to attempt to inspect the business or the premises upon which the business is carried on, or contact the Seller direct other than through and with Medical Business Brokers agents. I/We have been introduced to the business[es] by Medical Business Brokers Pty Ltd and or its personnel.

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.

7. We acknowledge that if we buy directly from the seller or introduce a 3rd party to the seller who subsequently buys an introduced business then we will be liable to pay and agree to pay any commissions or sale fees that Medical Business Brokers may lose as a result of the direct transaction.
- By checking this box, I accept the above terms and conditions of this agreement in full in line with the Section 9 of the Electronic Transactions Act NSW (2000)
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