An ideal buyer for this business is someone in their late thirties or early forties who has been in General Practice for a number of years and wants to run their own profitable business. There is also potential to run a two-doctor practice as the premises are configured for two doctors, and subletting is also a possibility.
The owner wishes to continue working a minimum of one day a week (or two morning sessions) until retirement. He will continue on 50% of takings or $1000 per day ($500 per morning session), whichever is the greater.
Presently a four day week with no after-hours or weekends. Essential to have a SCCA Diploma level equivalent or above, or working towards one; or to have extensive skin cancer experience. Established patient database with over 15,000 patients and busy patient load. Substantial private billing component. Full nurse support. Receptionist for admin; fully computerized
His gross billings are about $2,500 per day as a lot of the work is privately billed. He only BB pensioners and DVA card holders.
The owner is currently working 4 days a week, closed Wed and no weekends. The St. George's public and private hospitals are nearby so really in a health hub surrounded by a lot of health professionals and allied health providers.
The owner ideally wishes to sell the business to a doctor who would initially work as an assistant for a few months as a trial. If it was mutually agreeable, the doctor would buy the practice and the current owner would continue working there for a day or a couple of sessions a week until he wanted to retire completely. It was always his intention that he would keep the premises and the new doctor would pay rent as long as he owned the premises.
Sale of Practice: $200,000
Sale of Business - $630,000
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