Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
SE PORTLAND
What?
MID-LARGE GENERAL PRACTICE
How Much?
$780,554 PLUS A/R
About the Practice:
This practice is located in a lovely SE Portland suburb, and has been housed in an attractive, single occupant professional building for over 20 years. It has been owned by the current provider since 2014. The practice offers 5 operatories, and has approximately 3,182 active patients (1,184 seen in the last 12 months). Collections in 2020 were $963,434 (extrapolated for Covid shutdowns). There are approximately 50 new patients per month, and the practice sees a significant amount of PPO patients. The practice utilizes Eaglesoft software, and charts and x-rays are digital. Implant placement, traditional ortho, perio surgery, wisdom teeth and difficult endo are referred out, providing ample opportunity for an incoming dentist to grow.
About the Facility:
The 2,400 square foot space is housed in a single story building adjacent to a shopping complex. There are 5 A-dec equipped operatories with lovely views, a private doctor’s office, an inviting reception area, business office, staff lounge, 2 restrooms, lab and sterilization rooms, laundry on-site, and ample parking. The building is currently leased out to the current tenant by the previous dentist/owner, and will be available for purchase through the building owner’s licensed real estate broker.
About the Numbers:
There are currently about 3,182 active patients (1,184 seen in the last 12 months), with approximately 50 new patients per month. Collections in 2020 were $963,434 (extrapolated for Covid shutdowns). In 2019, the practice collected over $1.1 million and the clinic’s 3-year average collections are $994,888. The buyer’s projected net operating income after debt servicing is $220,517 at the current production and expense levels.
*Green Sail is not a real estate brokerage and does not conduct real estate transactions.
Practice Details:
- 2,400 square feet
- 5 operatories
- Approx 3,182 active patients
- Average 50 new patients/mo.
- Eaglesoft software
- Digital X-rays
- Lab, sterilization
- Private doctor’s office
- Ample parking
- Staff lounge
- 2 Restrooms
- 2020 extrapolated collections were $963,434
- Collected over $1.1 mill in 2019
- 3-Year average Collections $994,888
- Buyer’s projected net income after debt servicing is $220,517