Type: FOR SALEProperty Features
37 years of profitable trading has established incredible community goodwill.
This clinic is considered the 'go-to' provider of health services in the region.
Average annual income growth has increased 9.15% pa (past four years). Massive infrastructure investment (public and private) is driving the population up and securing the long term economic growth of this region.
Local economy is underpinned by a broad range of industries including: Mining, Farming, Cattle, Transportation, Rail, Ethanol and Tourism.Federal Government recognition has allowed this clinic to undertake significant facility upgrades, converting the complex into a Rural Super Clinic and amp; Training Hub (completed Dec 2012).Improved facilities for Allied Health services allows a new owner to increase their passive income (sub-letting available space to Allied Health services).
Improved training facilities for rural doctors will generate significant additional training income (Federally funded). The enhanced training facilities give this clinic a distinct advantage over competing rural clinics who can struggle to secure doctors. The training facilities becomes a pipeline of talent.
The business has demonstrated reliable cash flow and current projections from our clients accountants indicate FY2013 will achieve over $2.3 million in income.
The business and the purpose built premises are available for sale either together or separately.
Asking Price for the Business: $750,000 - negotiable
• The owner will consider any flexible transaction based on practical commercial terms
• The owner will remain engaged for an agreed period to work with the new owner if desired.
Asking Price for the Premises: $1,725,000
• Annual rent of $170,000 achieves a ROI of 9.85%.
• Due to recent capital improvements, accelerated depreciation benefits will give this investment significant cash flow advantages over competing investments in this price point.
• A 10 year lease secures the tenancy.Features:• Steady strong cash flow
• Average income growth of 9.15% pa (past 4 yrs)• FY2013 set to increase income 10.22%
• 37 years of community goodwill• Not reliant on any one doctor •Current Practice Manager been with clinic for 11 years (allowing for remote management)
• Top Ten Fastest Growing Regions in Queensland •Robust, diverse local economy not reliant on any one industry •Recent capital improvements allow for expanded Allied Health services (increasing income)
• Recent capital improvements allow for improved training programs (increasing income)
• Recognised as the 'go-to' service provider of Health Care services in region
• Quality transition/handover offered by current owner with ongoing employment with the new owner if required.This very successful business is poised to capture emerging further growth within the district. As such, this acquisition offers exceptional value and would suit:
• Existing Practitioners wanting to dominate a local market place• Sophisticated Private Investors seeking strong regular income
For further information and to arrange an inspection contact:-
Mike Kelly (07) 3902 2400 or0407 007 009.
Scancorp and Scan Business Brokers - Brisbane.
Internal Reference Number: SC1033MKa and amp; SC1033MKb
Name:SCAN Business Brokers
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