Long and well-established family medical practice.
Situated in a prime commercial shopfront on the main street, next to pharmacy .
The surgery is very spacious and well-equipped, covering some 400 sq mts of floor space , consisting of:
• 8 Consulting Rooms and Large treatment room.
• Waiting room/receptionist area and office
• Patient / staff toilet
• Storage room and office
• Car parking spaces available for staff and patients.
• AGPAL Accredited to March 2029
Operational Details:
• Practice clinical work undertaken by 2 GPs ( 1.5FTE) on a occupation/service fee of 30% of gross billings.
• Systems: Fully computerised using Medical Director and Pracsoft software. Hot Doc for patient bookings.
• Staffing: Excellent staff of 2 casual receptionists and permanent RN working 30 hrs/wk.
• Pathology on site providing a good subrental return.
• Monday to Friday 8.30 – 5.30pm, primarily appointment based with some walk ins.
Security of Tenure:
A 5-year lease with a further 5-year option available to buyer at a very competitive rental.
WHY SHOULD YOU BUY THIS PRACTICE:
We understand the current GPs, who have been with the practice for over a decade , will remain with the buyer.
Growth and Revenue Potential
• Expand Clinic Hours: Currently only opened Monday–Friday, leaving vast growth potential to expand clinic hours/days and increase revenue and profit.
• Scale Operations: Expand to 7 FTE GP family practice, increasing annual gross billings, without any problems.
• New Services: Introduction of specific subspecialties such as skin cancer or cosmetic procedures, currently not being done.
• Allied Health : Allied health and specialist services , sessions, could be added on-site, contributing subrental income and providing additional patient convenience.
• Expenses and Profitability: Already very low expenses and already showing an EBITDA( real profit) of some $65,000 pa. with significant scope to increase.
Strategic Advantages
• Principal GP ownership: Ideal for a working GP principal , husband and wife GP team or a group of GP colleagues who can add themselves into the work team.
• Value for Investment: Very inexpensive purchase, with a practice asking price of $295,000, considering the current revenue and practice characteristic/set up.

Further details contact Chris Babich on 0416132366 or email chris@babichmedicos.com.au ,
Australian Babich Medicos , Leaders in Practice sales , Valuation and GP Recruitment.

DISCLAIMER; The information contained in this listing is provided for general information purposes only and does not constitute legal, financial, investment, or professional advice. While every effort has been made to ensure the accuracy and reliability of the information provided, no warranty, representation, or guarantee is given as to the completeness, accuracy, or suitability of the information.

All interested parties are advised to conduct their own independent inquiries, investigations, and due diligence, and to seek appropriate professional advice before making any decision or taking any action in relation to the business or property described.

The publisher, agent, or seller accepts no responsibility or liability for any loss, damage, cost, or expense incurred by any party as a result of relying on the information contained in this listing. All details are subject to change without notice and may be withdrawn from the market at any time