Thriving Pediatric Practice

North Texas - Pediatric - Listing #1345


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This well-established and thriving pediatric practice is located less than 2 hours from Fort Worth, Texas in wonderful, family-oriented community. The practice operates in a spacious 3,200 square foot office complex and boasts a four-bed open hygiene bay, a two-bed sedation operatory, as well as two private well-baby infant oral health rooms. The practice was updated in December 2013 with six brand-new units that are ambidextrous. The total active patient count over the last eighteen months is 5,083, and the practice is averaging seventy-three new patients per month with minimal internal marketing. The annual gross collections for this practice exceed $1 million non a 3 1/2 to 4 day work week on average. Potential buyers must be board eligible or certified pediatric dentists. The seller is motivated to transition into retirement, is negotiable regarding terms and is willing to stay on to help the buyer make a smooth and successful transition to ownership if needed. This is an excellent opportunity for a young doctor who wishes to raise a family in a nice community with great schools, churches and people while earning a fantastic income.


PRACTICE HISTORY

Year Practice Was Established in Current Area: 1950
Year Practice Was Established in Current Location: 2002
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2001
Has There Been Partner in the Practice the Past Three Years: No
Has There Been an Associate in the Practice the Past Three Years: Yes
Average Number of Days Doctors Work per Week: 3.5
Average Number of Days Hygiene Dept. Works per Week: 2.0

PATIENT BASE

Approximate total active patients: 5083 (past 18 months)
Approximate total active patients on hygiene recall: 2395
(past 18 months)

Average number of new patients per month: 73
Approximate percentage of practice income breakdown:
FFS and Cash: 10%
PPO: 20%
Medicaid: 70%

LEASE INFORMATION

Current Monthly Lease Rate: $3,400
Lease Expires on: 2015
Lease Assignable: Yes
Options to Renew: Yes

PRODUCTION BREAKDOWN

COLLECTIONS

Gross Annual Collections for 2012: $1,181,087
Gross Annual Collections for 2011: $1,239,230
Gross Annual Collections for 2010: $1,442,225

FACILITY

Total Number of Equipped Operatories: 6
Operatories Equipped for Hygiene Department: 4
Facility Space (sq ft): 3,200
Facility Expandable: No
Type of Building: Condominium
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: No
Facility is Available for Purchase: No

EQUIPMENT

Average Age of Equipment: 10
Practice Software: Dentrix
Level of Computerization: Paperless
X-Ray Access in Each Operatory: Yes
Digital X-Ray: Yes
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Plumbed and In Use