Like-New Practice in Richardson!

Richardson - General - Listing #1630


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Like-New Practice with Established Patients! Recently established in 2016, this Richaradson practice is primed for success! Located in a great neighborhood with high income levels and strong demographics, this practice maintains a patient base of 60% Medicaid, 30% PPO, and 10% fee for service. The practice is equipped with four operatories plus two additional plumbed but not equipped operatories, as well as like-new equipment including digital x-rays, a pano, and a portable nitrous unit.

Working only a two-day work week, the buyer for this practice could easily increase production and collections. With almost new equipment, this practice is very much like a start-up practice that includes an already established patient base with the added bonus of an already established and caring reputation!

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 2016
Year Practice Was Established in Current Location: 2016
Seller Purchased Practice: No
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: 2.0

PATIENT BASE

Approximate total active patients: 1012 (past 18 months)
Approximate total active patients on hygiene recall: 112
(past 18 months)

Average number of new patients per month: 45
Approximate percentage of practice income breakdown:
FFS and Cash: 10%
PPO: 30%
HMO and Capitation: 60%

LEASE INFORMATION

Current Monthly Lease Rate: $4,500
Lease Assignable: Yes
Options to Renew: Yes

SERVICES REFERRED OUT

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

COLLECTIONS

Gross Annual Collections for 2017: $232,058
Gross Annual Collections for 2016: $104,700

FACILITY

Total Number of Equipped Operatories: 4
Additional Operatories Plumbed but not Equipped: 2
Facility Space (sq ft): 2,400
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: 2
Practice Software: Open Dental
Level of Computerization: Completely Paperless
X-Ray Access in Each Operatory: No
Digital X-Ray: Yes
Panorex: Yes
Intraoral Camera: No
Laser: No
Cerec: No
Nitrous Oxide: Portable Unit