Green Sail is happy to announce another outstanding practice purchase opportunity!
PRACTICE – $620,000
About the Practice:
This largely fee-for-service practice is located in the heart of the Willamette Valley in Salem, OR. It has been in its current location for 31 years and owned by the current doctor since 1986. This wonderfully-appointed clinic is equipped with 4 operatories and collectioned $690,110 in 2021. The practice’s average collections for the last three years, including 2020 (extrapolated for Covid closures) was $722,000. The practice utilizes Daisy practice software, has largely paperless charts, and is equipped with a newer cone beam, digital x-rays, and medical grade air purification units. The practice does limited marketing and refers out oral surgeries, 3rds, and some endo. It has been operating on 3 doctor and 4.5 hygiene days per week and the current doctor has taken significant time off, leaving plenty of growth opportunity for a new owner looking to increase marketing efforts, and add more days and procedures.
About the Facility:
The practice is located in a beautiful, approximately 3,000 square foot, stand-alone building that is available for lease. It has wonderful natural lighting, and in addition to the 4 operatories, the building houses a welcoming reception/waiting room area, private office, business office, staff lounge, lab, sterilization room, and 2 restrooms. There is also additional space that is currently used for storage that could be utilized for practice expansion. A private parking lot and detached garage are located on the property with additional street parking available as well.
About the Numbers:
The clinic has maintained a strong hygiene percentage of over 30% in the last 4 years. It currently has approximately 923 active patients (24 month timeframe) with an average of 9 new patients per month in the last year. The practice collected $690,110 in 2021 with an adjusted net income of $224,627. The PPO’s in network include BCBS and Moda/Delta Dental Premier. At the valued production and expense levels, the buyer’s net income is projected to be $150,076 after debt servicing.
- 4 operatories
- Daisy software
- Mostly paperless charts
- Newer cone beam
- Digital x-rays
- Reception/waiting room area
- Private office & business office
- Staff lounge
- Lab & sterilization room
- 3,000 SF, 2-story building for lease
- Collected $690,110 in 2021
- Hygiene consistently over 30%
- 3 doctor and 4.5 hygiene days/week
- Adjusted net income of $224,627 in 2021
- Refers out oral surgeries, 3rds, and some endo
- Buyer’s projected net income is $191,165 after debt services
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.