Green Sail is happy to announce another outstanding practice purchase opportunity!
HOOD RIVER, OR
LARGE GENERAL PRACTICE
$763,891 + A/R
About the Practice:
This large general practice is located in scenic Hood River, Oregon. The abundance of year round activities is endless. It is a world class location for windsports, golfing, kayaking, mountain and road biking, and hiking. The community thrives based on agriculture, technology, wine tasting, wonderful dining, breweries, and tourism. It is a phenomenal place to raise children and grow as a family. This is a great opportunity for a new doctor to take over and grow this practice to the next level. The current doctor has owned the practice since 1996, though it has been a dental office for 56 years. It is its own highly visible building and is equipped with 4 full operatories, with 2 more potential operatories already plumbed. It has digital x-rays and utilizes Dentrix software and charts. The practice is on target to collect $951,000 by the conclusion of this year on five hygiene and four doctor days. There are approximately 1,400 active patients.
About the Facility:
The one-level, 1,766 square foot facility is located on a street corner that is easily accessible and offers excellent visibility. The practice features a private doctor’s office, consultation/business area, four equipped operatories (two more plumbed), welcoming reception area, lab, sterilization, and staff lounge. It has nine private parking spaces and is in walking distance from restaurants, cafes and pubs. The building is owned by the seller, who will be offering an attractive lease and right of first refusal to the buyer.
About the Numbers:
The practice acquires an average of fifteen new patients per month, and currently has an active patient base of approximately 1,400. There has been minimal advertising, which offers a growth opportunity to a new dentist who is willing to implement marketing tactics. On five hygiene and four doctor days, the practice collected $894,793 in 2018 and is on track to collect $951,000 by the conclusion of this year. The adjusted net income for 2018 was $403,422, and the buyer’s expected net income is $307,046 after debt payments and at the current production level. The three-year average collections are $849,103.
- 1,766 square feet
- Four operatories (two more plumbed)
- Dentrix software
- Digital x-rays
- 1,400 Active patients
- Highly visible building
- On target to hit $913,317 this year
- Private doctor’s office
- Lab & sterilization
- $894,793 collections 2018
- $307,046 Buyer’s projected net income
- $894,103 3-year average collections
- Average 15 new patients/mo.
- Walking distance from restaurants and cafes
- Staff lounge