SOLD! General Practice – SE Bayside Melbourne

Accredited, bulk-billing general practice located in the heart of shopping precinct directly opposite Railway Station, Bus Terminal and Taxi hub. It operates out of owned premises which include a pharmacy (independently owned). The practice has a loyal and active 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 – owner’s wages included.

The owner would consider selling the freehold as well as the practice and the freehold which includes the adjacent pharmacy. The asking prices reflect the profitability of the practice and a sound rate of return on the freehold based on current rents.

• Gross fees exceed $2 million
• Centrally and conveniently located
• Strong patient base
• Four full time doctors
• Open 7 days
• EBITDA $300,000+

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

This is an ideal practice for a practitioner looking for a dynamic, profitable business – either a new owner or an experienced operator.

Revised Asking Price: $700,000 + SAV. Price for freehold to be negotiated.