Green Sail is happy to announce another outstanding practice purchase opportunity!
MID-SIZE GENERAL PRACTICE and BUILDING
$373,661 PRACTICE $300,000 BUILDING
About the Practice:
This quaint, homey and profitable general practice in the growing town of Longview Washington. The practice was originated in 2000 in its current location. The building is owned by the practice seller and is also available for purchase. There are 4 fully equipped and fully private operatories, digital x-rays and paperless charts. The practice collected an average of $522,132 in the last 3 years on just two days per week. Most specialty procedures are referred out. There are approximately 700 active patients and 3 staff members.
About the Facility:
The clinic is 1,700 square feet. It is mid-century design and construction in what was once a private home. It is spacious and has plenty of room and storage. There is a large reception area, 4 operatories, a business office, private doctor’s office with bathroom, a staff lounge, laundry facilities, a full basement with additional laundry and bathroom, a lab, sterilization room and parking with 8 spots (free street parking as well). There is also a full, 2 car, 480 sq. ft., a garage that could be remodeled into office/clinic space. The building was recently valued at $300,000 and is available to purchase as well. Recent updates include a new roof.
About the Numbers:
Collections in 2018 were $485,771 on just two days per week. This was down slightly from previous years due to fewer days worked. Adjusted net income was $290,953 (59% of collections). Hygiene production was 22% of total production on 2 days of hygiene. There are a total of 5,675 total patients of record and it’s estimated that 686 are active. The production is 71% insurance, 29% FFS and there are no DSHS patients. The buyer’s expected net income after debt payments is $228,432 if buy practice only and 199,432 if purchase practice and building, at the current production level.
- 1,700 Square foot clinic
- 4 Operatories
- Eaglesoft software
- Digital X-rays
- Cranex Pan
- Empire, Marus and DCI chairs, lights and deliveries
- Lab, sterilization
- Private office with bath
- Full garage
- Business office area
- Private parking lot
- 2 Restrooms
- Staff room with laundry
- Full basement with storage/laundry
- 700 active patients
- Endo equipment
- $245,167 adj. net income
- $199,432 buyer’s expected net income if buy practice and building
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.