Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
WEST PORTLAND
What?
MID-SIZE GENERAL PRACTICE
How Much?
$665,000 + A/R
About the Practice:
This 5-operatory dental practice has been in its current location in West Portland for 22 years. The office has close proximity to Nike and Intel, and captures a significant patient base from both companies. In 2019, the practice collected $860,341 on 4 doctor days and 6.5 hygiene days. Current marketing includes website and word of mouth, and the doctor refers out implant and perio surgeries, endo, and 3rds.
About the Facility:
The practice is located in a 2,000 square foot space in a shared building with good street visibility and is in close proximity to highways 26 and 217, as well as many large businesses, shopping and restaurants. In addition to the 5 operatories, the practice also has a lab, sterilization room, reception area, waiting room, private doctor’s office, consult room, technology nook, a shared staff lounge and 2 shared restrooms. It has paperless charts, digital sensors, endo and surgery equipment, and is currently transitioning to Dentrix software from Curve. It also has a pano that is shared with the other tenant in the building. There is a large parking lot that accommodates the practice and the surrounding businesses.
About the Numbers:
There are approximately 2,421 active patients, with an average of 12 new patients per month. Collections in 2019 were $860,341 on 4 doctor and 6.5 hygiene days and the adjusted net income was $310,446. The buyer’s expected net income after debt payments is $228,177 at the current production and expense levels.
Practice Details:
- 2,000 square foot space
- 5 Operatories
- $860,341 collections in 2019
- 4 doctor & 6.5 hygiene days
- Minimal marketing
- Refers out implant and perio surgeries, endo, and 3rds
- Lab, sterilization
- Private doctor’s office
- Shared staff lounge
- Paperless charts
- Digital sensors
- Endo and surgery equipment
- Transitioning to Dentrix software
- Shared pano
- Shared parking lot
- Approx. 2,421 active patients
- Average 12 new patients/month
- $228,177 buyer’s approximate expected net income after debt payment