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Solo Medical Practice For Sale - Melbourne Se Suburbs

Langwarrin, Victoria, Australia
Asking Price:
$235,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Business ID: BS------

Billings Exceed $500,000 pa - Sale Price Negotiable

This single doctor, bulk-billing practice was established in 2015. 42 km southeast of Melbourne, about 9 km east of Frankston CBD and 7 km from Cranbourne. Located on a separate pad in a shopping centre with Woolworths, U Pharmacy and BWS as major tenants as well as a number of specialty stores. There are 2 new large developments being built less than 3 kms further adding to the attractiveness of the area.

The practice itself comprises 5 consulting rooms plus a dental/allied health room, treatment room with two beds, pathology room, staff room, reception (2 work stations), office and storage. The lease expires in June 2022 with two further 5-year options. Current rent and outgoings are $6,726 pcm ($80,716 pa). Pathology income is $2,000 ppm + GST.

There is plenty of room for additional practitioners (permit for 4) and the current owner will stay for 3-6 months if the new owner wishes with the practice post-sale.

-Long term lease – option expires Oct 2022
-Strong income stream
-Substantial room to grow
-Owner to stay post sale
-Growth corridor in popular SE suburbs
-Opportunity to change to mixed billing

Terms of settlement: 10% deposit on signing of unconditional Contract of Sale. Balance at settlement. Owner may consider relocation to another practice if terms are attractive.

Busy, 7-day bulk billing practice that would benefit from additional doctors. Ideal for a satellite practice or first time buyer. Owner may consider relocation.

Asking Price: $235,000 – re-location price negotiable

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