Fantastic General Practice!

Wichita Falls - General - Listing #1433


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FANTASTIC! General practice located less than two hours from Fort Worth with 2014 gross collections expected to approach $2 million. Established in 2010, this free standing building is comprised of seven operatories equipped for the dentist and two hygiene operatories within 4600 square feet. The total active patient count over the last eighteen monghts is 2100, and the practice averages 27 new patients per month. The seller does own the real estate and is open to selling the property along with the practice or leasing the property, whichever works best for the buyer. The seller is also willing to work back in the practice for up to one years. This is a wonderful opportunity that offers both the tranquility of a small town atmosphere as well as the shopping malls and other convenient shopping centers generally found in a big city.


PRACTICE HISTORY

Year Practice Was Established in Current Area: 2010
Year Practice Was Established in Current Location: 2010
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2010
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

PATIENT BASE

Approximate total active patients: 2100 (past 18 months)
Approximate total active patients on hygiene recall: 1000
(past 18 months)

Average number of new patients per month: 27
Approximate percentage of practice income breakdown:
FFS and Cash: 42%
PPO: 58%

LEASE INFORMATION

Current Monthly Lease Rate: $5,900

PRODUCTION BREAKDOWN

COLLECTIONS

Gross Annual Collections for 2013: $1,822,255
Gross Annual Collections for 2012: $1,961,544
Gross Annual Collections for 2011: $2,057,500

FACILITY

Total Number of Equipped Operatories: 9
Operatories Equipped for Dentist: 7
Operatories Equipped for Hygiene Department: 2
Additional Operatories Plumbed but not Equipped: 1
Facility Space (sq ft): 4,600
Facility Expandable: Yes
Type of Building: Free Standing Building
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: Yes
Facility is Available for Purchase: Yes
Estimated Property Value: $500,000


EQUIPMENT

Practice Software: Dentrix
Level of Computerization: Operatories/Front Desk
X-Ray Access in Each Operatory: Yes
Digital X-Ray: Yes
Intraoral Camera: No