Green Sail is happy to announce another outstanding practice purchase opportunity!
Where?
WEST END PORTLAND
What?
GENERAL PRACTICE
How Much?
$682,062 + A/R
About the Practice:
This gorgeous, 4-operatory practice has been in its current location for 33 years and remodeled in 2016. The selling doctor has extensive training in occlusion and offers a comprehensive, multidisciplinary approach for complex high end cases. In 2019, the practice collected $941,499 on 4 shortened doctor days and 5-6 hygiene days per week. The current marketing features integration of internal reviews to post to Google (49 current reviews), Facebook, Healthgrades and Yahoo. There is plenty of room for growth for a new owner, as the current doctor takes 7 weeks off each year and works abbreviated days (8 am to 3:30 pm each day w/1 hour lunch break). In addition, the current doctor refers out all endo, oral surgery, perio procedures, and implant placements.
About the Facility:
The 1,925 square foot facility is in an office building and includes a recently remodeled front office and reception area with custom wood work on the accent wall. There are currently several buildings being built in the near proximity, which may be a great source of new patients. The space also features a lab, sterilization, private doctor’s office, and separate 300 square foot suite that is used as a staff lounge and storage space. The practice utilizes paperless charts and Dentrix 7.3 software. Other technology includes Dexis sensors, a laser, and a 3M True Definition scanner. Computers are new from 2018 and running Windows 10. Additionally, the clinic is equipped with a water filtration system that provides clean water to all of the operatories. The practice has taken major steps to implement a safe post- Covid dental environment by introducing brand-new, self contained Mobile Aerosol Extraction Units to protect against aerosolized viruses, bacteria, disinfectants and mercury vapors.
About the Numbers:
There are currently approximately 1,262 active patients. The practice has been selective about new patients in order to maximize doctor time and adds an average of 4 -5 per month. The 3-year-average collections for this practice is $944,365 on 4 doctor days and 5-6 hygiene days per week. The buyer’s expected net income after debt payments is $226,122 at the current production/expense levels. There is great growth opportunity for a doctor who desires to work a more robust schedule, bring on more new patients, and perform additional specialty procedures.
Practice Details:
- 1,925 square feet plus separate suite for staff lounge and storage
- Approx. 1,262 active patients
- 4 Operatories
- Dentrix 7.3 software
- Dexis sensors
- 3M True Definition Scanner
- Water filtration system
- Lab, sterilization
- Private doctor’s office
- Mobile Aerosol Extraction Units
- $941,499 Collections 2019
- $226,122 Buyer’s projected net income at current prod/expense levels
- 3 year ave. collections = $944,365
- Doctor takes 7 weeks off each year and works shortened days
- Recently remodeled reception, front office
- Refers out all endo, oral surgery, perio procedures, and surgical placements of dental implants