Family Medical Practice Business for Sale Newcastle

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Why buy this Family Medical Practice Business

Family Medical Practice Business for Sale Newcastle Asking: $350,000

For sale is this busy Family Medical Practice located in the Lower Hunter / Newcastle Region.

Key Points

* 5 x FRACGP working a range of hours (Approx 3.5 to 4 FTE) including 0.6 FTE owner that will leave after handover and short transition.
* Accredited
* Mixed Billing - 75% Medicare - 25% Private
* Subtenants cover most of base rental
* Free Hold Premises also for sale
* 5 large consulting / surgery rooms in very modern condition - A grade fit out quality
* 2 smaller consult rooms
* No Registrars however this could be implemented
* Practice Nurse
* PIP / PNIP Payments
* Best Practice Software
* Turn over 2020 FY $2.2 Million (Gross Patient Billings c $2Million)
* Profit to part time working GP owner - $400,000 (working 3 day week)
* Investor EBIT - c $100,000 per annum
* NON DPA / DWS Location
* Practice Manager in place full time


An exceptional practice for a working GP looking for their own business close to Newcastle and the Hunter Valley providing a busy mixed billing load with stable reliable staffing.