Thriving Suburban Practice
SHARE LISTING

Garland - General - Listing #1205


SHARE LISTING

Located in a major suburb east of Dallas, Texas, this general practice maintains a 60% fee for service and a 40% PPO. There are four equipped operatories for the dentist and two operatories for the hygenist. The practice operates in a spacious 1800 square foot office complex with annual gross collections of $315,000. The total active patient count over the last eighteen months is 700, and the practice is averaging six new patients per month. The seller of this practice plans to leave the area after the practice sells.




PRACTICE HISTORY

Year Practice Was Established in Current Area: 1979
Year Practice Was Established in Current Location: 1993
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 1983
Has There Been Partner in the Practice the Past Three Years: No
Has There Been an Associate in the Practice the Past Three Years: No
Average Number of Days Doctors Work per Week: 4.0
Average Number of Days Hygiene Dept. Works per Week: 3.0

PATIENT BASE

Approximate total active patients: 700 (past 18 months)
Approximate total active patients on hygiene recall: 347
(past 18 months)

Average number of new patients per month: 6
Approximate percentage of practice income breakdown:
FFS and Cash: 60%
PPO: 40%

LEASE INFORMATION

Current Monthly Lease Rate: $2,367
Lease Expires on: 12/31/2012
Lease Assignable: Yes
Options to Renew: Yes

PRODUCTION BREAKDOWN

COLLECTIONS

Gross Annual Collections for 2010: $335,850
Gross Annual Collections for 2009: $372,665
Gross Annual Collections for 2008: $399,376

FACILITY

Total Number of Equipped Operatories: 4
Operatories Equipped for Hygiene Department: 2
Facility Space (sq ft): 1,804
Type of Building: Professional Building Complex
Facility is Owned by Seller: No

EQUIPMENT

Average Age of Equipment: 17
Practice Software: PracticeWorks
Level of Computerization: Front Desk Only
X-Ray Access in Each Operatory: Yes
Digital X-Ray: No
Panorex: Yes
Intraoral Camera: No
Laser: No
Cerec: No
Nitrous Oxide: Plumbed and In Use