Green Sail is happy to announce another outstanding practice purchase opportunity!
SAN JUAN ISLANDS
$810,632 PLUS A/R
About the Practice:
This charming, profitable general practice is located in a scenic town in the San Juan Islands of Washington. It has been owned by the current doctor and in its current location for 24 years. It is 100% fee-for-service and is on track to collect $940,000 this year on 3.5 to 5 doctor and 3 to 5 hygiene days per week. The practice is equipped with 3 operatories (potential for a 4th – op 3 could be split into 2 hygiene rooms), utilizes Eaglesoft software, digital x-rays, a new Statim sterilizer, and paperless charts. It currently refers out endo, ortho, perio surgery, oral surgery, and implant placements.
About the Facility:
The clinic is housed in a 1,530 square foot stand-alone building that is owned by the selling doctor. It will be available for lease, and there may be potential for future purchase through the seller’s real estate agent or attorney. In addition to the 3 operatories, the clinic includes a reception area, patient waiting room, front office, business office, lounge, kitchen, and a small lab and sterilization. There are also 2 restrooms and a private parking lot with 6 spaces.
About the Numbers:
There are currently 1,070 active patients, and the practice is not accepting new patients at this time. The clinic is on track to collect $940,000 this year on 3.5 to 5 doctor and 3 to 5 hygiene days per week. The practice is extremely profitable with a 3-year-average adjusted net income of $373,133 (average of 42% of collections). The buyer’s projected net income after debt servicing is $369,912 at the current production and expense levels.
*Green Sail is not a real estate brokerage and does not conduct real estate transactions.
- 1,530 square feet
- 3 operatories (potential for 4)
- Eaglesof software
- Digital X-rays
- Paperless charts
- Reception area
- Patient waiting room
- Front & business office
- Lounge & kitchen
- Small lab and sterilization
- On track to collect $940,000 this year
- 3.5 to 5 doctor and 3 to 5 hygiene days per week
- Currently 1,070 active patients
- 3-year-average adjusted net income of $373,133 (average of 42% of collections)
- Buyer’s projected net income is $369,912
- Refers out endo, ortho, perio surgery, oral surgery, and implants (restores them)