Fantastic Growth Potential!

McKinney - General - Listing #1638


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Completely paperless practice serving the rapidly growing city of McKinney, Texas! The practice was established in 2010 and has a patient base of 669 patients over the last eighteen months. The practice is averaging 34 new patients per month with only a three and a half day work week.

The practice is equipped with 2 operatories for the dentist and two operatories for the hygienist as well as digital x-rays in each operatory, a Panorex, an Intraoral Camera, and plumbed nitrous.

The payment breakdown is 50% PPO, 40% HMO, and 10% fee for service. The practice has had a consistent growth in production and increase in collections, over $100,000 every year and present an incredible growth opportunity, collecting $471,605 in 2018. A new owner could easily continue to grow this practice even more by adding a longer work week and additional services.

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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: 2015
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: 3.5

PATIENT BASE

Approximate total active patients: 669 (past 18 months)
Approximate total active patients on hygiene recall: 600
(past 18 months)

Average number of new patients per month: 34
Approximate percentage of practice income breakdown:
FFS and Cash: 10%
PPO: 50%
HMO and Capitation: 40%

LEASE INFORMATION

Current Monthly Lease Rate: $4,666
Lease Expires on: 03/2021
Lease Assignable: Yes
Options to Renew: Yes

SERVICES REFERRED OUT

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

COLLECTIONS

Gross Annual Collections for 2018: $471,605
Gross Annual Collections for 2017: $273,387
Gross Annual Collections for 2016: $136,193

FACILITY

Total Number of Equipped Operatories: 4
Operatories Equipped for Dentist: 2
Operatories Equipped for Hygiene Department: 2
Facility Space (sq ft): 2,000
Facility Expandable: Yes
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: 10
Practice Software: Open Dental
X-Ray Access in Each Operatory: Yes
Digital X-Ray: Yes
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Plumbed but Not In Use