Green Sail is happy to announce another outstanding practice purchase opportunity!
VANCOUVER/PORTLAND METRO AREA
ORAL SURGERY PRACTICE
$1,451,732 + A/R
About the Practice:
This well-established and highly profitable oral surgery practice has been in its current location for nearly 30 years. The 3 year average collections are $1,738,988 on 3.75 doctor days. The practice is 100% fee-for-service and boasts a very loyal referral base and staff. There are 2 large surgical operatories, with potential for a 3rd (currently being used as a consult room) and 2 consult operatories. The 2 surgical patient chairs are newer, along with the computers, a phosphor plate imaging system, Nomad and CBCT. Nearly 50% of the production is from implant services, and the current doctor refers out major pathology and trauma.
About the Facility:
This turnkey practice is housed within a 1,370 sf space located within a medical building, with easy access from a major thoroughfare. In addition to the 2 large operatories, the facility includes a welcoming reception/waiting room, front and back offices, private office, business office, 2 consult rooms and sterilization room. It also has a private restroom, restrooms throughout the medical building, and plenty of on-site and street parking.
About the Numbers:
The practice is entirely fee-for-service, with collections of $1,795,65 in 2020 (extrapolated for Covid closure) on 4 days/week. The 3 year average collections are $1,738,988, and the 3 year average adjusted net income is nearly 50% at over $800,000 per year. The buyer’s net income after debt servicing is projected to be $683,534 at the current collection/expense rates after debt services.
- 2 surgical operatories (with room for a 3rd)
- CBCT and surgical equipment
- Reception/waiting room
- Front and back office
- Private office and consult rooms
- 1,370 sf leased space
- 100% FFS
- Hybrid charts and digital x-rays
- 2020 ext. collections were nearly $1.8 million
- 4 doctor days/week
- 3 year average adjusted net income over $800k
- Buyer’s projected net income $683,534 after debt services