Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
SW PORTLAND SUBURB
What?
GENERAL PRACTICE
How Much?
$550,000
About the Practice:
This attractive and well appointed SW Portland general practice is ready for a new owner after 21 years in the same excellent location. The current owner is ready to retire but will help with a transition period to assure the success of the new doctor. In January of 2021 a nearby patient base was merged into the the practice resulting in a significant jump in collections.There was a total of 712 patients seen in the last 24 months with an average of 7 new patients each month with no marketing. There is typically 3 hygiene days each week with the doctor only working 2.75 days/week. There are 5 team members. The practice is all-digital and uses Open Dental software. Included is a digital pano, a Cerec Blucam and a Picasso Lite laser. The current owner is booked out approximately 2-3 weeks and refers out implant placements, ortho and all but simple endo and extractions.
This practice is poised for quick growth!
About the Facility:
The clinic is 1,500 square feet with a very efficient floor plan. The rent is $4,202/month including CAM and insurance. There is ample shared parking in the complex which is on the corner of two major arterials with excellent visibility. There are a total of 5 operatories with one being a quiet room/surgery suite. Included in the buildout is a staff room a consultation room and a small private office.
About the Numbers:
Collections in 2021 were $627,774 with 38% hygiene and net income of $199,730. Without any increase in production, the buyer’s expected net income after debt payments is estimated to be approximately $144,485.
Practice Details:
- 1,500 Square foot efficient layout
- 5 Operatories (one suite)
- Open Dental software
- Digital X-rays
- Cerec Blucam and MCXL Mill
- Digital Pano
- Picasso laser
- Lab, sterilization
- Private doctor’s office
- Staff lounge
- Ample shared complex parking
- $627,774 Collections 2021
- $144,485 Buyer’s projected net income
- 712 active patients
- Average 7 new patients/mo. no marketing
- 38% hygiene