Bris. 5x GP accredited training clinic. New reg

Asking Price: $997,000

We’re waiting to see what extra value the registrar will bring into this primarily BB practice but based on the last 3x yrs, the vendor is keen to sell & has priced the business accordingly! Purchased in 2019, this practice owner is selling to focus his efforts on other parts of his greater business.

People

4x GPs and 1x reg (started July 2024), all on contacts
New Reg joined + is billing around $1400 / day at GPT2 rates.
Some Drs do private billings
Others drs are on F/T hrs, offer BB services + 70/30 fee split.
Snr receptionist (does the PM role and 2x cas admin look after the front desk (each do about 25 +38 hrs/wk)
Owner goes to this practice once or twice a wk to oversee the operations & do wages (Approx 4-6 hrs/wk)
2x nurses, both EN’s + both p/t – each works about 4x days & they overlap for 2x days
Allied health onsite incl Podiatry, Dietician, Physio + Psychology.
Rent (Leases + subleases)

Rent is $120K pa w/ a lease until 2030
CPI annual increase
Sublease of $75K pa paid by pathology
Fees

On W/ends + Public Hols all fees are privately paid
Bulk billing is offered to all pts holding a valid Medicare card for all Medicare-eligible procedures
All new pts will be charged private fees
Design:

6x CR’s, one path rm  + 2x single bed treatment rms
practice has 2x levels, the PM room is upstairs
Software

uses BP for the PMS
SWPE of about 6,000 pts
Accreditation

completed 2024 so 3 yrs certificate will be from Oct 2024-Oct 2027
Services offered incl:

General Practice Services
Men’s, Women’s + Children’s Health
Vaccinations
Health Assessments + CDM
Mental Health Care
Minor Surgery
Full Body Skin Checks
Private + Commercial Vehicle Drivers Health Assessments
Iron Infusions
Mirena + Implanon Insertion & Removal
Hours

open six days a week Monday – Friday from 8am to 5pm and Saturday 8am – 1pm
Online bookings

Booking an appointment is easy and can be done at any time
Location

not DPA + MMM1 so not suitable for a dr buyer with any billing restrictions wishing to work here
half an hour north of the Brisbane CBD
In the 2021 census, this suburb had a population of 12,295 people
Site visits may occur with the vendor at a mutually convenient time outside clinic hours to maintain patient and staff confidentiality.

Broker: Sally Stuart
E: sally.stuart@linkbusiness.com.au