MODIFIED START-UP GP PRACTICE

About the Practice:

This profitable general practice is located in a beautifully updated space in Portland proper, and offers an excellent opportunity as a modified start-up or specialty practice. It would also be ideal for someone looking to relocate to a newer space, with the added benefit of some additional staff and patient base. It was remodeled in 2017 and currently has 4 equipped operatories, with potential for 2 more. The practice collected approximately $364,000 in 2022 on just one 6 hour doctor day and 2 hygiene days per week. It utilizes Eaglesoft software, has paperless charts, digital x-rays, a pano and endo and implant equipment.

About the Facility:

The clinic is housed in an approximately 3,000 square foot leased space that offers great visibility in a nice building. In addition to the 4 equipped operatories, there is a beautiful front office and waiting room, consult room, 2 private offices, staff lounge, sterilization and lab, and lots of storage. The building also offers a parking garage on site, as well as a gym and showers for their tenants.
About the Numbers:

There were approximately 361 patients seen in the last 12 months, with an average of 7 new patients per month, with no advertising. The clinic is in contract with most PPO’s, and the practice’s average collections for the last 3 years is $465,267. The average adjusted net income over the last 3 years was approximately 41% of collections. The buyer’s net income after debt servicing is projected to be $111,448 at the current production and expense rates.