Green Sail is happy to announce another outstanding practice purchase opportunity!
$608,000 PLUS A/R
About the Practice:
This well-established periodontal practice is located in the greater Portland area and has been owned by the current doctor since 1990. It is mainly a periodontal surgery, gingival grafting and SRP practice, with most implants and oral surgery referred out. There is a very loyal referral base, with the top 15 referring doctors accounting for 46% of the total and no one doctor refers over 6% of the total. In 2021, the practice collected over $900,000 on 3.5 doctor and 3.5 hygiene days per week. The practice has over 35% of production coming from hygiene and SRP, with the doctor doing their own SRP. There are 6 operatories, Daisy software, paperless charts and Dexis digital imaging. The current doctor has worked an average of 15 days per month and does minimal marketing, allowing opportunity for significant growth. The current doctor is willing to help with a smooth transition and desires to work back part time for a short time.
About the Facility:
The practice is housed in a beautiful 2,839 square foot leased office building. It is located on a major thoroughfare, with good visibility and access to great shopping, restaurants and residences. In addition to the 6 operatories, the facility includes a welcoming reception/waiting room area, front desk, large private office, consult room, large staff lounge/conference room, sterilization room and lab. It also has 1 private clinic restroom, in addition to the common area restrooms and plenty of on-site parking.
About the Numbers:
The practice is approximately 58% insurance and 42% cash, and is in network with Delta Premier and Pacific Source. There are currently about 30 new patients seen per month. The practice collected an average of approximately $934,629 (extrapolated in 2020 for Covid closure) in the last 3 years. The buyer’s net income after debt servicing is projected to be $279,000 at the current collection/expense rate.
- 6 operatories
- Daisy software and digital x-rays
- Reception/waiting room
- Front desk
- Private doctors office
- Consult room
- Staff lounge/conference room
- 2,839 SF
- 58% insurance & 42% cash
- 2021 collections over $900,000
- 3.5 doctor and 3.5 hygiene days per week
- About 30 NP/month
- Buyer’s projected net income is approximately $279,000 after debt servicing