Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
SW PORTLAND
What?
LARGE GENERAL PRACTICE
How Much?
$1,200,000 PLUS A/R
About the Practice:
This stunning, state-of-the-art general practice is located off of a major thoroughfare, with excellent visibility and signage in SW Portland. It was built in the last several years and spared no expense. The practice collected approximately $1,500,000. in 2022 on 3.5 doctor and 3 hygiene days per week. It offers 7 beautifully-equipped operatories, paperless charts, digital x-rays, CBCT, Cerec, a 3D Printer, CO2 Laser and endo equipment. The practice offers opportunity to grow hygiene, as it is currently more doctor driven. The practice refers out most Endodontics and Orthodontics.
About the Facility:
The clinic is housed in a high-end 3,484 square foot retail space. In addition to the 7 operatories, the space includes a gorgeous reception area, front office, consult room, 2 private offices – each with own restroom, lab, and sterilization. The real estate is owned by the selling doctor and the buyer will be offered an attractive lease.
About the Numbers:
There are approximately 2,233 active patients, with an average of 25-30 new patients per month. There are well over one hundred 5* reviews on Google and Facebook. The clinic is only in contract with Delta Premier. The practice’s average collections in 2022 were approximately $1,500,000. The average adjusted net income over the last 3 years is approximately $500,000 (37% of collections). The buyer’s net income after debt servicing is projected to be approximately $330,000 at the current production and expense rates.
Practice Details:
- Newer construction
- 7 operatories
- Reception area
- Front office
- 2 private offices with restrooms
- Lab & sterilization
- Consult
- 3,484 square feet
- Paperless charts
- Digital x-ray
- CBCT, Cerec, C02 laser, 3D printer
- Collected approx. $1.5M in 2022
- 3-4 doctor & 3 hygiene days/week
- 2,233 active patients
- 25-30 new patients per month
- 3-year-avg. adj. net income = approx $500,000
- Buyer’s projected net income = ~$330,000