Green Sail is happy to announce another outstanding practice purchase opportunity!
$741,805 + A/R $60,049
About the Practice:
This charming general practice is located in a highly desirable residential SE Portland neighborhood near Mt. Tabor and Belmont Street, walkable to many popular cafes and restaurants. The practice has been in its current location for about 30 years, and the current doctor has worked in the practice for 8 years. It’s housed in an attractive building with optimal street presence and creates a spa-like, family-friendly atmosphere for its patients. Highly rated on social media and Google, the practice and the dedicated team have earned a substantial and loyal patient base of 2,302 active patients. It’s equipped with 5 operatories, uses Dentrix Software and charts and x-rays are digital. The current doctor is conservative and most specialty procedures are referred out. Collections last year were $1,011,540 on 10 hygiene days and 4 doctor days. The selling dentist is moving out of state to help care for family members and is looking for a fluid and well-timed transition.
About the Facility:
The clinic is 1,800 square feet plus a large basement and is situated in a captivating neighborhood with high foot traffic and visibility. The large parking lot is very attractive to patients, as is the clean landscaping and inviting building. There is a private doctor’s office, a welcoming reception area, 5 equipped operatories, Cerec Blucam and MCXL mill, implant motor, lab and sterilization room, staff lounge and restroom, large basement for storage, a private parking lot and ample street parking. The building is owned by the seller, who will be offering an attractive lease.
About the Numbers:
There are currently 2,302 active patients, with an average of 36 new patients per month. Collections in 2018 were $1,011,540 on 10 hygiene and 4 doctor days and the adjusted net income was $297,844. The buyer’s expected net income after debt payments is $195,869 at the current production level.
- 1,800 Square feet plus basement
- 5 Operatories
- Dentrix software
- Digital X-rays
- Cerec Blucam and MCXL Mill
- Implant motor
- Lab, sterilization
- Private doctor’s office
- Staff lounge
- Private parking lot and street parking
- $1,011,540 Collections 2018
- $195,869 Buyer’s projected net income
- 2,302 Active patients
- Average of 36 new patients/mo.
- High ratings on social media and Google
Please contact us if you, or anyone you know, would like to discuss this opportunity or schedule a time to see the facility and all it has to offer.