Rock Bottom Price! Mid Cities Practice!

Mid Cities - General - Listing #1489


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New practice with new furnishings and equipment established in 2014! This fully digital general practice is located in a growing mid-cities area near a brand new strip mall with good visibility from Highway 121. While working full time in another practice, the selling dentist started this practice and quickly discovered his strongsuits were not in practice ownership. This new practice with 146 total active patients and an average of eight new patients per month is primed for future growth. If you are ready to hit the ground running in a new and nicely furnished practice with a small, but established and ready to grow patient base, this practice is for you!


PRACTICE HISTORY

Year Practice Was Established in Current Area: 2014
Year Practice Was Established in Current Location: 2014
Seller Purchased Practice: No
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: 3.0

PATIENT BASE

Approximate total active patients: 146 (past 18 months)
Approximate total active patients on hygiene recall: 80
(past 18 months)

Average number of new patients per month: 8
Approximate percentage of practice income breakdown:
FFS and Cash: 20%
PPO: 70%
Medicaid: 10%

LEASE INFORMATION

Current Monthly Lease Rate: $2,690
Lease Expires on: 7-1-23
Lease Assignable: Yes
Options to Renew: Yes

PRODUCTION BREAKDOWN

COLLECTIONS

Gross Annual Collections for 2015: $78,411
Gross Annual Collections for 2014: $23,693

FACILITY

Total Number of Equipped Operatories: 3
Operatories Equipped for Dentist: 3
Additional Operatories Plumbed but not Equipped: 2
Facility Space (sq ft): 1,745
Facility Expandable: No
Type of Building: Shopping Center Complex
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: No
Facility is Available for Purchase: No

EQUIPMENT

Average Age of Equipment: 1
Practice Software: Open Dental
X-Ray Access in Each Operatory: No
Digital X-Ray: Yes
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Not Plumbed