Green Sail is happy to announce another outstanding practice purchase opportunity!
NON-METRO PORTLAND AREA
$924,772 PLUS A/R
About the Practice:
This large, well-established periodontic practice that is within an hour from Portland has been in its current location for 15 years and owned by the current doctor since 1999. In 2019, the practice collected $1.06 million on 3 doctor and 4.5 hygiene days/week. The practice has consistently had approximately 35% of production coming from hygiene. It consists of 6 operatories, a CBCT, perioscope, paperless charts, and digital x-rays. There is little competition in the area with the nearest periodontist being roughly 30 miles away. The current doctor worked 2-3 days per week within the last several years, and there is opportunity for a new doctor to add more.
About the Facility:
The turnkey practice is housed in a beautiful 2,913 square foot building that is located off of a major thoroughfare. In addition to the 6 operatories, the facility includes a welcoming reception/waiting room area, front desk, private office, business office, consult, staff lounge, sterilization room and lab. It also has 3 restrooms and plenty of on-site parking. There is potential to purchase the building along with the practice (available through AJ Van Leeuwen @ City & State Real Estate – contact information below).
About the Numbers:
The practice is 64% PPO and 36% FFS. There are currently approximately 1,665 active patients with an average of 15 new patients seen per month. The practice collected $1.06 million in 2019 on 3 doctor and 4.5 hygiene days/week and had an adjusted net income of $375,386. The buyer’s net income after debt servicing is projected to be $266,669, at the current collection/expense rate.
- 6 operatories
- CBCT, perioscope
- Paperless charts and digital x-rays
- Reception/waiting room
- Front desk
- Private office, business office, and consult
- Staff lounge
- 2,913 SQFT building
- 64% PPO & 36% FFS
- 2019 collections were $1.06 million
- 3 doctor and 4.5 hygiene days/week
- 2019 adj net income was $375,386
- 1,665 active patients; 15 np/month
- Buyer’s projected net income is $266,669
Please contact us if you, or anyone you know, would like to discuss this opportunity or schedule a time to see the facility and all it has to offer.