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Urgent Sale - Open to Offers -General Medical Family Practice - Sydney South West

SOLD

Burwood Region, New South Wales

Urgent Sale - Open to Offers -General Medical Family Practice - Sydney South West

For Sale and open to offers is the well established family medical practice located in a busy shopping area close to main rail and bus links in Sydney South Western suburbs, The Principal GP has just left the business and it is now on the market. The owner will listen to all serious offers with a preference being for a buyer to be able to complete a fast transaction and take over. The practice has

* 1 Full time GP
* 2 part time GP's
* 1 x GP Registrar
* Allied Health staff such as Psychologists, Physiotherapists, Podiatrists, Dietitians etc

There are 8 consulting rooms and at present no Pathology subtenant.

Turnover - $2,100,000
Owners Profit - in excess of $1M per annum

The departing owner is responsible for around 50% of billings so ideally needs to be replaced with an incoming GP or GP couple would be ideal. Investors should have a solution to provide a GP to take over the Goodwill of the departing owner.

A long lease can be arranged at market rate (Freehold Premises are not for sale)

This practice is NOT located in a DPA Area. Overseas trained Dr's under the Medicare Moratorium will NOT obtain a provider number at this location

The practice is mixed billing with around 80% of billings being Medicare and 20% being private patients and insurance work.

Open to serious offers from buyers who can complete a fast transaction, please contact me on 0438 633 607 to obtain a Confidentiality Agreement

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Last updated: 8th September 2020

Summary

Property Type
Business
Contract Type
Sold
Location
 Burwood
State
 New South Wales
Price
SOLD
Category
  • Medical
  • Medical Practice

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Agency

Business Brokers Network

Business Brokers Network

Contact

Brian Hill