Green Sail is happy to announce another outstanding practice purchase opportunity!
SE PORTLAND, OR
About the Practice:
Opportunity abounds in this well-established practice on a major arterial in SE Portland, with 7 operatories! The retiring doctor has owned and operated the practice in its current location for 30 years and is on track this year to collect over $750,000 on 4 doctor and 4 hygiene days per week. It utilizes Daisy practice software, paper charts, digital x-rays, and has a film panoramic x-ray. The practice currently does limited marketing and the doctor refers out most endo, oral surgery and ortho. Add additional procedures, an associate, marketing … and grow this practice to your heart’s content!
About the Facility:
The free-standing clinic is housed in a leased 3,040 square foot building that offers either a sublet opportunity for 1/3 of the space, or room to grow. In addition to the 7 operatories, the practice includes a reception area, front office, staff lounge, consult area, private doctor’s office, lab, sterilization room, and 8 private parking spaces, as well as street parking.
About the Numbers:
There are approximately 1,410 active patients, with an average of 14 new patients per month with no active marketing. The practice only contracts with Delta, BCBS and Cigna. The collections were $728,672 in 2021 on 4 doctor and 4 hygiene days per week, and on track to collect over $750,000 in 2022. The adjusted net income in 2021 was $247,735 and is on track for $310,430 in 2022. The buyer’s net income after debt servicing is projected to be $222,168 at the current production and expense levels.
- 7 operatories
- Reception area
- Front office & private office
- Staff lounge
- Lab & sterilization
- Daisy software
- Digital sensors
- Film pano
- Collections on track for over $750,000 in 2022
- 4 doctor and 4 hygiene days/week
- Contracted with Delta, Cigna and BCBS
- Adjusted Net Income on track for $310,430 in 2022
- Buyer’s projected net income = $222,168 after debt services
- Refers out endo, ortho and surgeries