Green Sail is happy to announce another outstanding practice purchase opportunity!
LARGE GENERAL PRACTICE
About the Practice:
This large, highly profitable 2 doctor practice has optimal street presence, 8 operatories, and room for a surgical suite or 2 additional operatories. The clinic has been in business for over 25 years and in its current location for over 15 years. It offers excellent proximity to freeways, housing and medical facilities. In 2019, the practice collected $1,349,769 on 8 doctor and 9 hygiene days. The clinic utilizes Eaglesoft software and digital x-rays. There has been no marketing, and most endo, perio surgery, implant placement and oral surgery is referred out, providing extra growth opportunities for the incoming doctor. One of the dentists would like to stay on and associate for the buyer.
About the Facility:
The clinic is housed in a gorgeous 3,514 square foot stand-alone building that is owned by the sellers and may be available for *purchase in the near future (for negotiation through seller’s attorney or licensed real estate agent). It includes a welcoming reception/waiting area, 2 private offices, custom cabinetry in the operatories, ceiling tv’s, a chart room, staff lounge, lab, sterilization room, laundry, 3 restrooms and a private parking lot with additional street parking. There is currently about 400 square feet that is leased out to a tenant through the end of 2021, which could be turned into a surgical suite or additional operatory.
About the Numbers:
There are approximately 2,815 active patients, with an average of 14 new patients per month. The practice is about 45% fee for service, and 55% Delta PPO and Premier. In 2019, the practice collected $1,349,769 on 8 doctor and 9 hygiene days, with an adjusted net income of $550,943. At the current production and expense levels, the buyer’s expected net income after debt payments is $410,174.
*Green Sail is not a real estate brokerage and does not conduct real estate transactions.
- Collected $1,349,769 in 2019
- 8 doctor and 9 hygiene days/week
- 2,815 active patients
- 14 new patients per month
- 55% insurance and 45% fee for service
- Buyer’s expected net income $410,174
- Digital x-rays
- Paper charts
- 3,514 square feet
- Welcoming reception/waiting area
- 2 private offices
- Staff lounge
- Refers out endo, perio surgery, implant surgery, some restorative, all extractions