Own this Practice and Retire Young!

Beaumont Area - General - Listing #1617


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If you want to own a practice and retire at 55 with a fully funded retirement, this is the practice for you! The patient base in this completely paperless practice is 25% FFS and 75% PPO, and the practice averages 16 new patients per month. The practice is equipped with three operatories for the dentist, 2 operatories for the hygienist, plus an additional two operatories that are plumbed but not equipped. The practice equipment includes digital x-rays in each operatory, a Panorex, an intraoral camera, and plumbed nitrous.

Also for sale is the 2451 square feet free stand-alone building which is expandable for future growth. With only a 3.5 day work week, the 2017 gross collections for the practice totaled $740,284. This is a fantastic opportunity in a family-oriented town with quality schools. Following the sale of the practice, the seller plans to spend more time golfing, traveling, and performing missionary work.

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1990
Year Practice Was Established in Current Location: 1990
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 1990
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: 7.0

PATIENT BASE

Approximate total active patients: 1900 (past 18 months)
Approximate total active patients on hygiene recall: 812
(past 18 months)

Average number of new patients per month: 16
Approximate percentage of practice income breakdown:
FFS and Cash: 25%
PPO: 75%

LEASE INFORMATION

Current Monthly Lease Rate: $3,000

SERVICES REFERRED OUT

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

COLLECTIONS

Gross Annual Collections for 2017: $740,284
Gross Annual Collections for 2016: $728,251
Gross Annual Collections for 2015: $802,096

FACILITY

Total Number of Equipped Operatories: 5
Operatories Equipped for Dentist: 3
Operatories Equipped for Hygiene Department: 2
Additional Operatories Plumbed but not Equipped: 2
Facility Space (sq ft): 2,451
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

EQUIPMENT

Average Age of Equipment: 18
Practice Software: Eaglesoft
Level of Computerization: Completely Paperless
X-Ray Access in Each Operatory: Yes
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Plumbed and In Use