Downtown Waterfront-General Practice $195,000

283032
Location: Downtown Portland
Type of Practice: Dental
Revenue: $450,000
Operatories: 4
Active Patient Count: 650
Agent: Angela Yi

Agent: Angela Yi, DDSmatch

Additional Information

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This is an attractive and well-appointed Downtown Portland Waterfront general practice. The current owner has operated this as a satellite location with limited days and hours and is selling to focus on his primary practice. There are over 600 active patients, with an average of 7 new patients each month with ZERO marketing and taking very few insurances. There is typically 2 hygiene days per week, with the doctor only working 1-1.5 days/week. Including the doctor, there are a total of 4 very self-sufficient team members. The practice is fully digital and uses Eaglesoft, Schick Sensors, a digital pano and a 3shape Trios Scanner. Tremendous optionality in this opportunity as it is currently profitable as a part time practice, has the scale, size, and population pool to grow to a full time practice, as well as ideal for a hub & spoke or roll up model. Excellent risk reward set up as this practice is priced at below replacement cost and well primed to rapidly scale!   The clinic is 2,350 square feet with a very efficient floor plan. The rent is $4,650/month. There is ample secured and covered parking in the complex. The practice has ground floor access, is located in a revitalizing area of downtown, on a high visibility corner and surrounded by upscale buildings, businesses, and municipalities. There are a total of 4 operatories, with one being a private surgery suite. Also Included is a staff room, consultation room, a small private office and a generous size lobby. Revenue split trends at 65% FFS/35% Insurance. 2021 collections were $480,000, with 38% hygiene. Based on SDE, without any increase in production, the buyer's expected net income after debt payments is estimated to be approximately $150,000
  • 2,350Square foot efficient layout
  • 4 Operatories (one suite)
  • Eaglesoft Dental software
  • Digital Schick X-rays
  • 3Shape Intra Oral Scanner
  • Digital PSP Pano
  • Lab, sterilization
  • Private doctor's office
  • 65% FFS
  • Staff lounge
  • Ample shared complex parking
  • $490,000 Collections 2021
  • $144,485 Buyer's projected net income
  • 600+ Active patients
  • Average 8 new patients/mo. no marketing, minimal insurance
  • 38% Hygiene
   

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