PRICE REDUCTION: Now $150K! (plus A/R) Seller financing available on building.
Green Sail is happy to announce another outstanding practice purchase opportunity!
This practice has been in its current location for 24 years and is prominent in the community. The 1,450 square foot clinic with 5 operatories (4 equipped) is housed in a single-tenant building owned by the practice seller. It is directly across the street from a large shopping center and is also for sale along with the practice. This opportunity will be ideal for candidates that desire the feel of a “small town” practice with plenty of room for growth, along with building ownership at a very modest price.
Located on a busy arterial, the practice has very good visibility and signage. It is a general/family practice that currently operates 3 days a week with one hygienist, one assistant and one office manager. There are 1,800 active patients. Hygiene is 30% of production and is booked out six months. The doctor is generally booked out 2 weeks and refers out endo, perio, implants, some surgery and veneers. 2017 collections were $279,649 with adjusted net income of $162,015. It is estimated that approximately 70% of production is PPO, 30% is fee for service, and there is no Medicaid. Asking price for the practice is $150,000 plus A/R.
The building is a single-story, single-tenant structure with a large private parking lot. The owner wishes to sell the building concurrent with, and to the purchaser of, the practice. The asking price for the building is $300,000. Seller financing available on building.
Practice Details:
* 1,450 Square foot clinic
* 5 Operatories (4 are equipped)
* DSN Dental software
* Dark room
* A-dec, Pelton Crane and MCC chairs
* Paper charts
* 1,800 Active patients
* Same location since 1994
* Large private parking lot
* Private doctor’s office
* Belmont panoramic x-ray
* 1.5 Restrooms
* Lab, sterilization
* 58% Adjusted net income
* 30% Hygiene production
* Endo, perio, implants, surgery and veneers referred out