Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
W. PORTLAND, OR (SUNSET CORRIDOR)
What?
GENERAL PRACTICE
How Much?
$350,000 + A/R
About the Practice:
This turnkey general practice is highly profitable and located in a growing area in the NW Portland/Beaverton area, near Nike and Intel. The retiring doctor has owned and operated the 3-operatory practice in its current location for over 40 years. The practice is on track to collect over $560,000 in 2022 on 4 doctor and 4 hygiene days per week. It utilizes Daisy practice software, paper charts, digital x-rays, and has updated A-dec chairs and units in the operatories. The practice currently does limited marketing and the doctor refers out most molar endo, thirds, implant placement and ortho, providing opportunity for growth.
About the Facility:
The clinic is housed in a leased, approximately 832 square foot professional complex. It is located on a major thoroughfare, with easy access from highways 26 and 217. In addition to the 3 operatories, the practice includes a reception area, front office, lab, sterilization area and restroom. The complex offers ample shared parking.
About the Numbers:
There are approximately 1,298 active patients with an average of 8 new patients per month, with no active marketing. The collections were $517,867 in 2021 on 4 doctor and 4 hygiene days per week, and are on track to be over $560,000 in 2022. The practice contracts with most PPO’s. The adjusted net income in 2021 was $252,336. The buyer’s net income after debt servicing is projected to be approximately $200,000 at the current production and expense level.
Practice Details:
- 3 operatories
- Reception area
- Front office
- Digital sensors
- Lab & sterilization
- Daisy software
- Collections on track for over $560,000 in 2022
- Refers out molar endo, thirds, ortho and implant placement
- 4 doctor and 4 hygiene days/week
- Contracted with most PPO’s
- Adjusted Net Income $252,336 in 2021
- Buyer’s projected net income is approximately $200,000 after debt services