Green Sail is happy to announce another outstanding practice purchase opportunity!
MID-SIZE GENERAL PRACTICE
$479,138 PLUS A/R
About the Practice:
This established general practice has been in its current location in SW Portland for 13 years, and is a prime opportunity for a buyer to grow and flourish. It is located near a high-traffic intersection in a lively part of town near shopping, restaurants, businesses and housing. It has optimal visibility and significant foot traffic from the surrounding businesses. The practice currently has 4 operatories, with the potential for 4 additional upon expansion into the vacant neighboring space. The practice’s three year average collections were $653,229 on 4 doctor and 4 hygiene days. The current dentist worked 172 days in 2019, and marketing has been limited. Procedures referred out include implant surgeries, endo re-treats, oral surgery, ortho, and perio surgery. This practice is ripe for growth with a buyer looking to implement a more comprehensive treatment plan, work additional days, increase marketing tactics, and potentially expand the space.
About the Facility:
The practice occupies 2,466 square feet in a thriving location with retail services, shopping and eateries. In addition to the 4 operatories, there is a welcoming waiting room and reception area, a consult room, private office, business office, lab and sterilization. The practice utilizes Eaglesoft software, has paperless charts, Schick digital x-rays, a pano, and endo equipment. The practice shares a wall with a vacant space (approximately 2,000 square feet), which is available for lease. There is centralized parking available, as well as easy access to public transportation.
About the Numbers:
There were 1,310 active patients seen in the last 24 months, with an average of 13 new patients per month. In 2019, the practice collected approximately $600,000 on 4 dentist and hygiene days, with the current dentist taking significant time off. The adjusted net income for 2019 was $181,491.
- Thriving area near shopping, businesses, and housing
- 4 operatories (potential for 4 more upon expansion)
- Vacant space available next door
- 2019 collections approx. $600,000
- 4 doctor, 4 hygiene days
- Refers out – implant surgeries, endo re-treats, oral surgery, ortho and perio surgery
- 2,466 square feet
- Consult room, private office, business office, lab & steri
- Eaglesoft software, paperless charts, Schick digital x-rays, pano, endo equipment
- 1,310 patients seen in last 24 months
- Average of 13 new patients/month
- 2019 adjusted net income = $181,491