Numbers on the Rise for Richardson Practice!

Richardson - General - Listing #1610


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Numbers are on the rise for this general dentist practice located in Richardson, Texas, across from a beautiful park. This practice is located in a 2,680 square foot office in a professional building complex. The spacious office is equipped with four operatories for the dentist, two operatories for the hygienist, and one additional plumbed but not equipped operatory, as well as x-rays in each operatory and a Panorex. The total active patient count over the last eighteen months is 1,254, and the practice is averaging five new patients per month with zero advertising. With a patient base of 30% fee for service and 70% PPO, this practice averaged $592,634 in gross collections for the last 3 years, and is on a similar pace in 2018. This is a low overhead office with a net income of over 40%.

Following the sale of this practice, the seller plans to retire, however, he is willing to stay on to assist with a successful transition, as desired by the new owner.

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1984
Year Practice Was Established in Current Location: 2009
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 1984
Has There Been Partner in the Practice the Past Three Years: Yes
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: 4.0

PATIENT BASE

Approximate total active patients: 1254 (past 18 months)
Approximate total active patients on hygiene recall: 1213
(past 18 months)

Average number of new patients per month: 5
Approximate percentage of practice income breakdown:
FFS and Cash: 30%
PPO: 70%

LEASE INFORMATION

Current Monthly Lease Rate: $3,350
Lease Expires on: 8/31/2019
Lease Assignable: Yes
Options to Renew: Yes

SERVICES REFERRED OUT

Endodontics: Some
Implant Surgery: All
Orthodontics: All
Pediatrics: Some
Periodontics: Most
Surgery: Some

COLLECTIONS

Gross Annual Collections for 2017: $555,320
Gross Annual Collections for 2016: $601,171
Gross Annual Collections for 2015: $621,412

FACILITY

Total Number of Equipped Operatories: 6
Operatories Equipped for Dentist: 4
Operatories Equipped for Hygiene Department: 2
Additional Operatories Plumbed but not Equipped: 1
Facility Space (sq ft): 2,680
Facility Expandable: No
Type of Building: Professional Building 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: 20
Practice Software: Easy Dental
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