Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
SW PORTLAND SUBRUB
What?
GENERAL PRACTICE
How Much?
$535,350
About the Practice:
This beautiful, 4 Operatory practice is located off a major thoroughfare in a desirable SW Portland suburb. It has been owned by the selling doctor for 4 years, and has been in its current location for nearly 40 years. It was remodeled in 2016 with over $38k in tenant improvements, and has a very light and airy modern style, with lovely appointments. 2019 collections were $702,173 on 3 doctor and 2.5 hygiene days per week. In 2019 there were an average of 16 new patients per month. The practice operates with Eaglesoft software, paperless charts, digital sensors and a new CBCT. There is also endo equipment, electric hand-pieces and nitrous in the doctor’s op’s. The doctor does place implants, but most endo, ortho and oral surgery are referred out. The current doctor is relocating out of the area.
About the Facility:
The approximately 2,400 square foot facility has 4 fully equipped operatories (plus a potential 5th plumbed), a lovely reception area, 2 private offices, a consult room, staff lounge, sterilization, lab, and ample storage. There are also 2 new ADS air purifiers to help with aerosoles. The practice is located in a shopping center with a large anchor store, and many surrounding busy retail shops and restaurants. The space is leased and was remodeled with $38k in tenant improvements in 2016.
About the Numbers:
There are approximately 882 active patients seen in 2018 and 2019, with an average of 16 new patients per year in 2019. The collections for 2019 were $702,173 on 3 doctor and 2.5 hygiene days per week. Net operating income for 2019 was $246,201.
Practice Details:
- 2,400 Square Feet
- 4 Operatories plus 5th plumbed
- Eaglesoft software
- Digital X-rays
- Newer OP3D Cone Beam (2018)
- Endo Equipment
- Lab, sterilization
- Private doctor’s office
- Staff Lounge
- Ample shared parking
- $702,173 Collections 2019
- 882 Active patients (within 24 mo’s)
- Avg of 16 new patients/mo. 2019