Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
SALEM, OR
What?
GENERAL PRACTICE
How Much?
$551,917 PLUS A/R
About the Practice:
This profitable practice has been located in Salem, OR for over 30 years. The clinic has 4 operatories and is wonderfully appointed. It is largely fee-for-service and on track to collect approximately $663,000 on 3 doctor and 4.5 hygiene days/week. The practice utilizes Daisy practice software, has paperless charts, and is equipped with a CBCT, digital x-rays and medical grade air purification units. The practice does limited marketing and refers out ortho, difficult endo and 3rds, and some implant placements. This is a great opportunity for a doctor looking to take over an established practice and grow.
About the Facility:
The practice is located in a beautiful stand-alone building, which offers nearly 3,000 sf, wonderful natural lighting, 4 operatories, 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. There is both a private parking lot, as well as ample street parking available.
About the Numbers:
The clinic has a robust hygiene department, averaging 35% in the last 3 years. There are approximately 920 active patients (24 month timeframe) with an average of 14 new patients per month year to date and increasing each month. The practice is on track to collect approximately $663,000 in 2023, with an adjusted net income of 41%. The practice is in network with Delta Dental Premier and BCBS. At the current production and expense levels, the buyer’s net income is projected to be $204,577 after debt servicing.
Practice Details:
- 4 operatories
- Daisy software
- Paperless charts
- CBCT
- Digital x-rays
- Reception/waiting room area
- Private office & business office
- Staff lounge
- Lab & sterilization room
- 3,000 SF building
- Collections on track to be ~$663,000 in 2023
- Hygiene consistently over 35%
- Average of 14 new patients/month
- 3 doctor and 4.5 hygiene days/week
- Adjusted net income 41% in 2023
- Refers out difficult Endo and 3rds, ortho and some implant placements
- Buyer’s projected net income is $204,577 after debt service