Strong Financial Performance - Freehold and Practice for Sale

Accredited, bulk-billing general practice located in the heart of shopping precinct directly opposite Railway Station. It operates out of owned premises which include a pharmacy (independently owned). The practice has a significant drug-dependency patient base and is open 7 days.

There are 4 full-time doctors (all VR), including the owner, who are supported by 2 part-time nurses, reception staff and a full-time practice manager. The practice consists of 4 consulting rooms, treatment room with 2 beds, pathology room, reception and waiting area. There is a Council permit for 4 full-time practitioners.

This is a very active practice with a turnover exceeding $2 million pa and is highly profitable on an EBITDA basis.

The owner wishes to sell both the practice and the freehold which includes the adjacent pharmacy and the asking prices reflect the profitability of the practice and a sound rate of return on the freehold based on current rents. Asking price for the practice $970,000; freehold $5.2 million.

Gross fees exceed $2 million
Centrally and conveniently located
Drug Dependency is major income source
Four full time doctors
Open 7 days
EBITDA $300,000+

Terms of Settlement: 10% on signing of Contract and remainder on settlement

This practice will support both an investor or owner/operator and serves a loyal and substantial patient base.

Asking Price: Practice: $970,000 + SAV; Freehold $5.2million