Green Sail is happy to announce another outstanding practice purchase opportunity!
SMALL GENERAL PRACTICE
About the Practice:
This charming general practice is located in the cultural epicenter of Ashland, OR, near Southern Oregon University. Seated at the base of the Cascade and Siskiyou mountain ranges, Ashland has a plethora of outdoor activity and is also home to the world-famous Shakespeare festival. This fee for service general practice has a strong emphasis on sleep appliances, veneers, airway and TMJ, minimalIy invasive full-mouth veneer rehab. It consists of 2 fully-equipped operatories, with room for a 3rd. The current doctor works just 1-3 days per week on specialty cases that he enjoys, due to a back disability that has affected him since 2012. The staff currently consists of the doctor, one full-time and one part-time assistant, and does not include a hygienist. The practice collected $103,761 in 2019 on 1-3 doctor days and no hygiene days (Doctor does some hygiene on his own since disability). This is a great opportunity for a doctor looking to build up a low-overhead practice located in the vibrant town of Ashland through marketing, increasing procedures performed, and adding hygiene. The doctor is willing to stay and work 1-2 days per week for a limited amount of time to help with the transition. A couple local osteopathic physicians refer a significant amount of patients to this practice.
About the Facility:
The 1,328 square foot clinic has been in its current location since 1981. The clinic portion of the building is owned by the doctor and the space will be leased to the buyer at $1.5/sqft per month, NNN, with a right of first refusal to purchase his portion of the building after a few years. There are currently 2 operatories, with room for a 3rd, as well as a hygiene room and 2 labs. The 2 ops are equipped with Pelton & Crane massage chairs, Marus track lights, computer workstations, and rolling storage tables. One of the ops has a Whaledent Perfect Electrosurgery unit. Although the doctor refers out all endo and most surgery, the practice is equipped for both. It has a Dexis platinum sensor, Gendex x-ray and utilizes Dentrix software. Most of the equipment is from 2012 and is in good to great condition. The hygiene room is in need of a new patient chair but is equipped with an Adec unit, Knight ceiling-mount light, and Belray x-ray. There is an opportunity to add an additional operatory beside the hygiene room. The practice has good visibility from the outside and has 8 designated parking spots and an additional handicap space on the back-side of the building with a wheelchair-accessible ramp.
About the Numbers:
There are approximately 300 active patients (12 months). The practice produced just over $130,000 in 2019, and collected $103,761 on 1-3 doctor days and limited hygiene. The doctor also gave away (gratis) approximately $29,130 worth of in dentistry as marketing for the practice. The practice had its best year in 2012, in which it produced $293,490, collected $283,661, and saw 574 patients.
- 1,328 square feet
- 2 operatories (room for 3)
- Dentrix software
- Pelton & Crane chairs
- $1.5/sqft per month, NNN lease
- 1-3 doctor days, specialty cases
- $103,761 collections 2019
- FFS only
- Doctor willing to stay on 1-2 days/week
- Right of first refusal on building
- 8 parking spots w/additional handicap space in back
- Hygiene room + 2 labs
- Dexis Platinum Target sensor
- Gendex & Belray x-rays
- 300 active patients (12 months)
- Good visibility