SOLD! Specialist Medical Center – North West Sydney (Leasehold)

 The business is a Medical Center that provides space for Specialist Medical Practitioners, Pathology, and a Sleep Clinic, operating from recently renovated premises in North West Sydney. A full-time practice manager and several part-time receptionists manage it. There is currently a long-term lease in place for 15 years (5+5+5), with two permanent subleases to a pathology business and sleep clinics. 

The business’s current rent is $175,000 per annum, and it receives rent from the pathology sublease of $104,750 and the sleep clinic of $43,128 per annum. This results in a shortfall of only $27,122 per annum, plus outgoings, which need to be covered by the business.

Highlights:

• Long-term Lease
• Modern facility
• 26 Car spaces
• Bluechip sublease tenants
• Run under management
• Significant room for improvement
• Once at capacity, it is very profitable and easy to operate

While the business currently does not generate a profit due to the current structure and occupancy rate, substantial profitability can be achieved if more specialists are brought to the centre.

The centre currently houses 16 specialties that see patients, operating at an estimated 27% capacity. Specialists pay $300K per session (4 hours). Sublease and specialist rent generate sales of circa $330,000 at the current occupancy rate. If an 80% occupancy rate is achieved, estimated income would generate around $700,000 with a marginal increase in operational costs.

The business is part of a large national medical provider that operates 12 GP clinics across the country. The company is selling this Specialist Clinic because it’s not a good fit for its current portfolio. This opportunity would be a good fit for an owner-operator or an organization or individual able to bring more specialists into the clinic.

Priced for a quick sale, at a level only necessary to cover selling costs.

Asking price: $59,000: Full comprehensive information memorandum available to interested parties.