Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
OREGON COAST
What?
GENERAL PRACTICE & BUILDING (AVAILABLE THROUGH DOUG BEAN & ASSOCIATES, INC.)
How Much?
NEW PRICE! PRACTICES – $750,000
BUILDING – $600,000
About the Practice:
This is a prime opportunity for a dentist looking to purchase not 1, but 2, neighboring practices on the Oregon coast and be the only full time, private clinic in town. Combined collections for the two practices totaled over $1.2 million, in 2023. The combined adjusted net income for the two offices, under the assumption that the offices are to be combined and accounting for duplicate expenses, is estimated to be nearly $650,000. The building that one of the practices is located in is also available for sale (through Doug Bean & Associates), offering the opportunity for a buying dentist to purchase both practices, the real estate, and combine it all under one roof. The building also includes 3 other tenants, 2 of which are month-to-month, leaving extra income potential for a new owner and plenty of growth opportunity to expand the facilities. With the exception of one other corporate office that has very limited hours, when these two practices are joined, the nearest competitor would be over 20 miles away north or south, and 70 miles east. Neither office takes OHP. Both operate on Eaglesoft software. Both offices do minimal marketing. This is a great opportunity for a doctor to serve a far reaching geography and grow the practices in a single location by increasing marketing efforts.
About the Facility:
The main office includes 3 equipped operatories, a 4th plumbed, as well as a private office, staff lounge, reception area, front office, lab, and sterilization room. The current clinic space is 1,500 square feet, but there is room to expand the office into the neighboring space, as well as opportunity to expand the building to add more operatories if desired. There is a private parking lot with 10 spaces onsite.
The buyer’s net income after debt servicing on the practice and building purchases is projected to be $488,000.
Practice Details:
- 3 equipped ops (4th plumbed)
- Room to expand by 2 more ops
- Private office
- Front office
- Staff lounge
- Reception area
- Lab & Sterilization
- Combined collections of $1.2 mill
- Combined adj. net income = $650,000*
- Nearest competitor 20 + miles
- No OHP
- Eaglesoft software
- Minimal marketing
*Under the assumption that the practices are combined and after accounting for duplicate expenses.
Please contact us if you, or anyone you know, would like to discuss this opportunity or schedule a time to see the facility and all it has to offer.
