Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
EAST PORTLAND SUBURB
What?
GENERAL PRACTICE
How Much?
NEW PRICE! $786,734 PLUS A/R
About the Practice:
This busy and profitable general practice has been in its current location, a suburb east of Portland, for 21 years. It is located off of a large arterial in a busy shopping center, with excellent visibility and plentiful parking near freeway access. It is within walking distance of a high school and large apartment complexes. It has 6 equipped operatories and collected $846,495 on approximately 4 doctor days (30 hours) and 32 hours of hygiene each week in 2021 on a reduced post-COVID schedule. The clinic utilizes Eaglesoft practice software, paper charts, and digital x-rays. The current owners do no marketing and the schedule is full. There is plenty of patients and chairs to support additional doctor and hygiene production. The sellers own two offices and are cutting back to just one for semi-retirement lifestyle purposes.
About the Facility:
The clinic is housed in a 2,100 square foot leased space and is busy enough for two doctors and two hygienists, if desired. In addition to the 6 operatories, the clinic includes a reception area, front office, private office, consult room, staff lounge, lab, sterilization room, and 2 restrooms. There is also potential to expand the practice into adjacent available space. The shopping center includes a large shared parking lot, with plenty of space for staff and patients.
About the Numbers:
There were 3,389 patients seen over the past four years and 1,347 patients seen in the last two years, with an average of 25 new patients per month with no advertising. The practice’s average collections over the last 3 years was $911,147 (2020 extrapolated for Covid closures). The adjusted net income for the same years averaged 49% of collections at $455,652. The buyer’s net income after debt servicing is projected to be $347,696, using three year average production, expense and net income levels.
Practice Details:
- 2,100 square feet
- 6 operatories
- Reception
- Front office
- Private office
- Consult room
- Lab & sterilization
- Staff lounge
- Eaglesoft software
- Digital X-rays
- Collected $846,495 in 2021
- Approx. 4 doctor and 4.5 hygiene days/week
- 3 year avg. collections = $911,147
- Avg. 49% adjusted net income
- Buyer’s projected net income = $347,696
- Can support additional providers
- located in busy shopping center with excellent visibility