Accredited training GP clinic NSW Coast. DPA. MMM5

Asking Price: $1,100,000
Suitable for all Dr restrictions, great recruitment opportunities!
This MC is designed to provide a comfortable and welcoming environment, where the team and patients alike can feel at ease! FY24 EBITDA was approx $320K, 2023 was around $270K. FY25 will be equal to or better than 2024.
Clinic stats:
Accredited with AGPAL & ACRRM for reg training
Current owner will transition for 6/12 with the regs (neg) and another approved supervisor will stay. He spends 3.5 months overseas but when in Oz, works Mon and Tues. Commitment would be 6 to 9/12, 2x days/week unless overseas post-settlement. He may continue to work 1-2 days after the commitment period ends.
Active Skin cancer clinic: Yes
Distance to Newcastle Airport, Newcastle; Sydney North Shore: 40 min, 55 min
Population: 4,500
Active Patients: 2,610
Billing: MB with BB for path results and CDM patients
Splits: Private = 39%, Medicare = 54%, DVA = 6%
Gross Annual Billings: ~$1.21M
Number of Doctors: 4 (some are on the RVTS/PEP undertaking training to get Fellowship) –2x FTEs
Doctors’ hours and splits: owner = 2 days/week @70% of billings, Dr 2 = 3 days/week @ 70%, Dr 3 = 3 days/week @ 60%, Dr 4 = 2 days/week @ 65%
Skin cancer doctors: get between 60-70% for the procedural work
Allied Health: Psychologist, podiatry, nurse
CR: 6x
Path: pays $3,700/12 or $44,500 pa till Jan/Feb25, <4% annual increase, they are keen for a longer term maybe 5×5
Treatment rooms: 1x
Team: PM support from the sister clinic, 1x receptionist as 2-I-C and a trainee admin + 1x casual nurse (28 hrs/week)
Software: BP, Cubiko, Hotdoc
Rent + outgoings: $37,200 + GST and $3,600 + GST pa
Lease: from 18.4.24 the landlord agreed to a new 5+5+5 lease, annual CPI increase
PIPs: $34K pa
WIPs: $44K pa
Location: opposite Nelson Bay
Hours: Mon to Fri: 8:30am to 5:00pm
Note: Vendor has cut down staff cost significantly post-COVID and their PIP and PNIP have increased by approx 50% recently.
My-Medicare will bring more incentive to the practice too!
Site visits: may take place after an initial online chat has taken place with the vendor at a time that is mutually convenient outside trading hours.
Broker: Sally Stuart
Email: sally.stuart@linkbusiness.com.au