Nth side Bris. 5x GP mixed billing clinic. No DPA.

Medical clinic for sale in Brisbane

Asking for: $700,000

Husband + wife GP owners staying post settlement at least 1x yr, together w/ 3x other GPs, now billing nearly $3M. Vendors are selling b/c they are tired of running the clinic… still love their patients & are happy to stay as drs under a new business owner!

Highlights

$2.9 M billings in FY24 without medical reports, vaccines, PIPs WIPs, making a total income of over $2.8M into the practice
No# of CR’s: 7x
Tx rms: 1x large rm w/ 3 beds & 1 small rm w/ 2 beds
PMS: BP
Nurses = 3x (2x cas + 1x PPT) w/ another cas nurse being recruited
Admin = 3x reception (hrs variable) + 2x P/T PM’s
No# Drs = 5x (3x F/T + 2x P/T) = 4.5 FTE
P/T GPs get 70/30 + F/T GP gets 72.5/27.5
Medical students = 3x (no regs currently) – $400/day = about $40K additional income for the practice owners
The vendors want 72.5% of their future billings to reflect their capacity as Medical Student trainers
Each vendor sees 40-50 pts each day
Both vendors will commit to the new practice owner for 12 months post settlement wkg 4 days/wk
Accreditation audit in Oct 2024 w/ GPA+ so next one in 2027
Additional income:

The VMO’s & allied health pay a fee split to the practice owner of 80/20% or 70/30%, depending on the agreement reached; but no binding contracts in place with any of themDietitian & Orthopaedic surgeon pay 20% of their billings to the business owner
Diabetic educator & Gastroenterologist pays 30% of their billings to the owner
​Starting from 1st July 2024, Mixed Billing was introduced. As such, a small gap fee is payable by pts
Services:

Skin Cancer Clinic
Women’s Health
Orthopaedics
Gastroenterologist
Mental Health
Shockwave Therapy
Pelvic Floor Therapy
Ear Wax Removal
CDM
Vacc Centre
Child Immunisation
Iron Infusions
Vitamin Infusion
Physio
Travel Vacc
Hrs:

Mon to Fri: 9am to 5pm
Alternative w/ends: 9 to 3pm on Sat & 9-1pm Sun
Stats:

Number of active pts – 28,646
Total no# of pts w/ chronic diseases – 5.111
The total no# of pts in database- 34,462
Appointment – STANDARD 15 MIN
Demographic analysis of active pts :

5 & below= 1377
6-15 =4143
16-21= 1646
22-34 =7555
35-44 = 5550
45-49 =1684
50-75 =5658
76+ =708
Rent

$234,390 in 2024 w/ 3% inc each yr
exp 1 Feb 2026 w/ 10 yr option
Vendors seek full price (not negotiable) + may consider vendor finance w/ 70% at settlement + 30% paid over the next 3 months.

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