Green Sail is happy to announce another outstanding practice purchase opportunity!
About the Practice:
This solid general practice is located off of a busy arterial in SE Portland. It has been in its current location for over 50 years and has excellent street presence. The practice is housed in an attractive, stand-alone building and is equipped with 4 operatories. In 2019, the clinic collected about $1,300,000 on 8 hygiene and 5 doctor days. The practice utilizes Dentrix software, has paper charts, digital x-rays, CBCT, intra-oral scanner, Biolase Waterlase laser, and endo equipment. Seller refers out most extractions, implant placement, and endo.
About the Facility:
The approximately 1,200 square foot clinic is housed in a free-standing building with a private parking lot. The building is owned by the current doctor, who will offer a lease to the new buyer, and there may be potential to purchase the building in the future. In addition to the 4 operatories, the practice includes a private office, welcoming reception area, basement with plenty of storage, restroom, and both a lab and a sterilization room.
About the Numbers:
There are currently over 2,000 active patients, with an average of 14 new patients per month. Hygiene accounts for over 30% of production. Collections in 2019 were right at $1,300,000 with 8 hygiene and 5 doctor days, and the adjusted net income was $449,103. The 3-year average collections were $1,395,871. The buyer’s expected net income after debt payments is approximately $324,000 at the current production/expense levels.
- Approximately 1,200 Square feet, plus basement for storage
- 4 Operatories
- Dentrix software
- Digital X-rays
- Biolase Waterlase
- Lab and sterilization rooms
- Private office
- Private parking lot and street parking
- Over 2,000 Active patients
- Average 14 new patients/mo.
- Approximately $1,300,000 collections in 2019
- Buyer’s projected net income of approximately $324,000
- 3-year average collections $1,395,871