Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
CENTRAL OREGON
What?
GENERAL PRACTICE
How Much?
$1,037,290
About the Practice:
This well-established general practice in Central Oregon is located in a thriving area with optimal visibility and traffic. It is housed in its own attractively-styled building, and has been in the current location for 19 years. It has 4 fully-equipped operatories, with the potential for a fifth. The practice collected $1,266,810 last year on 8 hygiene and 4 doctor days. The practice has been very busy since the COVID shutdowns, with 2020 year-to-date production totaling 1,247,704. This is 86% of production at the same timeframe in 2019 and includes the time period of the shutdowns. The more recent months’ production numbers have been back up to 2019 levels. There has been limited marketing implemented, and many procedures (endo, ortho, oral surgery, and pedo) are referred out.
About the Facility:
The clinic is approximately 2,300 square feet, has its own parking lot and is in close proximity to residences, shopping, and businesses. It has 2 restrooms, a lab, sterilization, lounge, business office, laundry and private doctor’s office that doubles as a consult room. It also has a welcoming reception area with a fireplace. The practice utilizes Eaglesoft software, has paperless charts, digital x-rays, a pano and Cerec. There is brand new, out-of- the-box endo/surgery equipment included.
About the Numbers:
There are currently 1,726 active patients, with an average of 17 new patients per month. Collections in 2019 were $1,266,810 on 8 hygiene and 4 doctor days, and the adjusted net income was $443,695. There is plenty of opportunity to grow by adding procedures that are currently referred out. The buyer’s expected net income after debt payments is $315,847 at the current production level.
Practice Details:
- Approx. 2,300 square feet
- 4 Operatories (potential for 5)
- Eaglesoft software
- Digital X-rays
- Cerec Omnicam and Mill
- Lab, sterilization
- Private doctor’s office
- Staff lounge
- Housed in own building
- Refers out endo, surgery, ortho and pedo
- Private parking lot
- $1,266,810 Collections 2019
- $315,847 Buyer’s projected net income
- 1,726 Active patients
- Average 17 new patients/mo.