Green Sail is happy to announce another outstanding practice purchase opportunity!
$378,716 + A/R
About the Practice:
This Vancouver practice is ideal for a doctor looking to grow a well-established practice, with the benefit of a loyal staff and 2,208 active patients. The current doctor has only been able to work up to 5 hours a day due to back pain, on 4 patient days and 5.5 hygiene days. There is significant opportunity for growth with specialty procedures, as doctor has referred out implant placement, almost all endo, and most extractions. The practice is equipped with 5 operatories, Carestream digital x-rays, uses Softdent software, and charts are paperless. The practice was started nearly 50 years ago, and has been in its current location for about 25 years. The building is owned by the current dentist. Collections for 2019 are on target to reach $558,168.
About the Facility:
The two story facility has approximately 2,000 square feet on the first floor, plus a large storage area upstairs. There is a welcoming reception area, 5 equipped operatories, a private doctor’s office, consult room, minimally used Endo equipment, lab, sterilization, staff lounge, 1 restroom, and a large area upstairs for storage. There is a private parking lot and ample street parking. The building is owned by the seller, who will be offering an attractive lease.
About the Numbers:
There are currently 2,208 active patients, with an average of 9 new patients per month. There is significant opportunity for growth, as practice has done minimal marketing and referred out most specialty procedures. Collections for 2019 are on target to reach $558,168 and 3 year average collections were $500,237 on 5.5 hygiene and 4 doctor days (with doctor only working up to 5 hours per day due to back issues).
- 2,000 Square feet
- 5 Operatories
- Softdent software
- Carestream X-rays
- Endo Equipment
- Consult Room
- Lab, sterilization
- Private doctor’s office
- Staff lounge
- Additional storage upstairs
- Private parking lot and street parking
- 2019 projected collections $558,168
- $500,237 (3 year avg) collections
- 2,208 Active patients
- Average 9 new patients/mo. with minimal marketing
- Doctor only working up to 5 hrs/day