Family Medical Practice For Sale – Sydney Inner Western

UNDER CONTRACT


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.

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Not Suitable For Investors.

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