Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
BEAVERTON, OR
What?
LARGE GENERAL PRACTICE PARTNERSHIP INTEREST
How Much?
$833,304 plus A/R
About the Practice:
This large general practice is ideally located in a busy shopping center in Beaverton, OR off of a major highway. It is currently owned by two doctors, one of whom is selling his partnership interest. This is a prime opportunity for a dentist looking to buy into a high-producing, turnkey clinic. The 12 operatory practice collected $2,016,249 in 2019 on 8 doctor days and 12 hygiene days. Total practice production for 2019 was 2,076,479, with $693,187 (33%) in hygiene production. The practice utilizes Eaglesoft software, hybrid charts (of which most are paper), digital x-rays and a pano. The seller accounts for approximately 55% of doctor production, and most extractions, endo, as well as some perio and pedo, are referred out.
About the Facility:
The 2-story clinic has approximately 4,285 square feet (not including an extra area upstairs) and includes 12 fully equipped operatories. It resides in a bustling shopping center with a couple of large anchor stores, as well as restaurants and other retail shops. There is a welcoming reception/waiting area, large shared doctor’s office, 3 business offices, a consult room, 3 restrooms, 2 staff lounges, a large lab, sterilization room, plenty of storage, and a shared parking lot. The practice’s equipment is up-to-date with recent upgrades to patient chairs, computers, and air filtration in 8 operatories. The equipment includes a Sirona panoramic x-ray, Planmeca intra-oral x-rays, Schick sensors, and endo equipment.
About the Numbers:
The practice collected an average of $1,996,942 over the last three years, and $2,076,479 in 2019. The adjusted net income for the full practice in 2019 was $648,760, and the buyer’s projected net income for the partnership interest after debt services is approximately $237,982 at current levels. The clinic has an active patient base of approximately 2,131 (12 months), with an average of 22 new patients per month.
Practice Details:
- 12 equipped operatories
- Eaglesoft software
- Digital x-rays
- Sirona pano
- 3 business offices
- Lab, sterilization
- Private doctor’s office
- 2 staff lounges
- Shared parking lot
- $2,076,479 collections 2019
- 8 doctor days; 12 hygiene days
- Hybrid charts (mostly paper)
- 2,131 active patients
- Average 22 new patients/mo.
- Oral surgery, endo, some perio and pedo are referred out