Asking price: $999,000
Suitable for all Dr restrictions, offering 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 approximately $320K, 2023 was around $270k. FY25 will be equal to or better than 2024.

Clinic stats:

Accredited with AGPAL and ACRRM for regular training
Current owner will transition for 6/12 with the regulations (negotiable) and another approved supervisor will stay. He spends 3.5 months overseas but when in Australia, works Monday and Tuesday. Commitment would be 6 to 9/12, 2 days per 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 and 2 hrs
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 FTE’s
Doctors hours and splits: owner works 2 days per week at 70% of billings, Dr 2 works 3 days per week at 70%, Dr 3 works 3 days per week at 60%, Dr 4 works 2 days per week at 65%
Skin cancer doctors: get between 60-70% for the procedural work
Allied Health: Psychologist, podiatry, nurse
CR: 6x
Path: pays $3,700 per 12 months or $44,500 per annum until Jan/Feb25, less than 4% annual increase, they are keen for a longer term maybe 5×5
Tx rooms: 1x
Team: PM support from the sister clinic, 1x receptionist as 2-I-C and a trainee admin plus 1x casual nurse (28 hrs per week)
Software: BP, Cubiko, Hotdoc
Rent and outgoings: $37,200 plus GST and $3,600 plus GST per annum
Lease: from 18.4.24 the landlord agreed to a new 5+5+5 lease, annual CPI increase
PIPs: $34k per annum
WIPs: $44K per annum
Location: opposite Nelson Bay
Hours: Monday to Friday: 8:30am to 5:00pm
Note: vendor has cut down staff cost significantly post COVID and their PIP and PNIP have increased by approximately 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
M: 0437 082 045
E: sally.stuart@linkbusiness.com.au

Ref: NSW10818