Green Sail is happy to announce another outstanding practice purchase opportunity!
MID-SIZE ORTHODONTIC PRACTICE
About the Practice:
This is a gorgeous “mid-sized” orthodontic practice. The practice was started in 1985 and has been in its current location for the past 16 years. The highly visible, free-standing building, with a large private parking lot, was constructed by the practice owner and could be available for purchase in the future. There are 6 semi-private treatment bays that are identically equipped, are spacious and inviting. There are 3 full-time staff members and 3 part-time. The practice utilizes Orthotrac, Carestream and Dolphin software. Charts are digital and there is a digital Pan/Ceph. There are approximately 200 patients currently in treatment. The average new case fee is $5,700.00.
About the Facility:
The clinic is 2,942 square feet. It is attractive, light, open and spacious. There is a large private doctor’s office/consultation room, a spacious and inviting reception area, a large staff lounge with lockers, 3 restrooms, a large front desk area, a business office space, 6 beautiful treatment bays and 16 spaces in the private parking lot. The seller will be offering a very attractive lease to the new practice owner.
About the Numbers:
There were 191 new patient exams in 2018 which resulted in 143 new starts, a 75% conversion rate. The practice does no marketing which presents a tremendous opportunity for a buyer. The current contracts receivable stand at $758,352. There were 4 prepays in 2018. Collections in 2018 were $631,697 and the adjusted net income was $245,167 on 174 doctor days. The buyer’s expected net income after debt payments is $178,569 at the current production level.
- 2,942 Square foot clinic
- 6 Treatment bays
- Orthotrac, Carestream and Dolphin software
- Digital X-rays and Pan/Ceph
- Boyd chairs, lights, and consoles
- Lab, sterilization
- Large private office/consultation
- Business office area
- Private parking lot
- 3 Restrooms
- Staff room with lockers
- $758,352 contracts receivable
- 200 patients in treatment
- Average 148 new starts the last 3 years
- $245,167 adj. net income 2018
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.