$212,876 plus A/R and $585,000 building
This quaint, attractive and profitable “smaller” practice is ready for a new owner to take it to a new level. The building is also for sale and includes a 3 bedroom basement apartment that could be rented out. If you desire to acquire your own practice and building for only a modest capital outlay, this one may be right for you.
The practice has been in the same location on a very busy arterial, with outstanding visibility, in SE Portland (East of 205) since 1988. There are 4 operatories of which 3 are fully equipped. The 4th is currently being used as storage. The main floor is approximately 1,300 square feet and houses the clinic. The newly updated basement apartment is 1,000 square feet. The clinic has a welcoming reception area, a multi-station front desk, 4 operatories, a lab, a sterilization area, a small staff room that also houses the digital panorex, and a bathroom. There is a private/shared parking lot with 8 reserved spaces. The equipment list also includes; Pelton Crane and Midmark chairs, Adec delivery units, Dexis and Trophy digital sensors, implant/endo/surgical equipment, Waterlase, an air abrasion unit, a patient monitor system, an N20 system and more.
The 3 year average collections are $328,223. 2017 collections were $295,330 on fewer days worked with an adjusted net income of $112,670 which was 40% of collections. Hygiene productions was 20.93% of total production. The doctor does the hygiene. It is estimated that only 10% of the collections are from PPOs and 90% is FFS. There is no OHP. There are approximately 513 active patients with an average of 2 to 5 new patients each month on only Yellow Pages, website and internal marketing.
There are 2 staff members. The charts are a combination of paper and paperless. The practice runs on Practice Works software.
* 1,300 Square foot clinic
* 1,000 square foot, 3 bedroom apartment
* 3 equipped operatories (4th plumbed)
* Practice Works software
* Digital X-rays with 2 sensors
* Pelton Crane and Midmark chairs
* A-dec delivery units and stools
* Digital Pan
* Private parking lot with 8 reserved spaces
* Surgical/Endo/Implant equipment
* Small Staff nook and laundry
* Same location since 1988
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.