Green Sail is happy to announce another outstanding practice purchase opportunity!
LARGE GENERAL PRACTICE PARTNERSHIP INTEREST
$1,184,151 + A/R
About the Practice:
This large, 2-doctor general practice located in a desirable area of Vancouver, WA is selling a partnership interest, with potential for full ownership in the near future. It has 8 fully-equipped operatories and is located in a bustling corridor, with high visibility and convenient access to multiple freeways. The practice has a highly tenured staff and thriving hygiene program (40%). Total collections for 2019 were $2,711,216 on 7.5 doctor days and 16 hygiene days. 2019 total production was $3,000,359, with $1,223,504 (40%) in hygiene production. The selling dentist works 3-3.5 days per week, which allows opportunity for a buyer to add additional hours/days. Seller accounts for 58% of doctor production and does perform implant placement, endo and surgical procedures. All ortho is referred out. Seller is willing to potentially work back or fill in if buyer desires. The remaining doctor has expressed interest in selling their portion of the practice at some point within the next 3-10 years. Office is already back and operating with a full schedule and complete staff after the Covid closure. June production achieved more than the 2019 average monthly production. New steps and protocols have been implemented to ensure staff and patient safety.
About the Facility:
The 3,800 square foot clinic includes 8 operatories, a patient reception area, front office, lab, sterilization room, staff lounge, a shared private doctor’s office, consult room and business office. The practice utilizes Dentrix software and paperless charts, has a newer 3D Carestream cone beam, Scan-X phosphor plate system, Cerec, plumbed nitrous to all ops, and endo/surgery/implant equipment. It has its own private parking lot, as well as additional designated parking spots in the neighboring lot. The building is free-standing and the dentists have ownership interest. There may be potential for the new doctor to purchase into the real estate either immediately or in the future.
About the Numbers:
The clinic collected an average of $2,652,540 in the last three years, with 2019 at $2,711,216. The adjusted net income for 2019 was $846,133. The practice has an active patient base of approximately 5,086, and an average of 40 new patients per month. The seller’s overall portion of the practice sale is 54%. This is a great opportunity for a doctor to join a turn-key operation with potential to acquire full ownership in the future.
- $2,711,216 collections 2019
- 3-year average collections = $2,652,540
- 7.5 doctor days & 14-16 hygiene days per week
- Approx. 3,800 square foot clinic
- 8 Operatories
- Dentrix software
- Scan-X phosphor plates
- Newer 3D Carestream
- Lab, sterilization
- Private office
- Business office
- Private parking lot
- Staff room with laundry
- Approx. 5,086 active patients
- Surgical/implant/endo equipment
- $846,133 adj. net income 2019
- Avg. 40 new patients/month
- Approx. 80% PPO