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McKinney - General - Listing #1638
Amazing growth opportunity in the fast growing area of McKinney, TX at an incredible price. Completely digital practice with an active patient base of 750, recently upgraded to an modern decor in 1900 square feet, provides ample space.
Practice is equipped with four Ops- two for the dentist and two for the hygienist, with digital X-rays and Intra-oral cameras in all four Ops with central plumbing for Nitrous.
Currently open 3.5 days with no weekends and average 35-40 new patients per month. Fee breakdown is 50 % PPO, 40 % HMO and 10% FFS.
1. $16000 in new Implant inventory with New Hiossen implant kits, motor and Handpiece.
2. $4500 two dental photography cameras.
The practice has had a consistent growth in production and increase in collections (over $100,000 every year), with 2019 collections on track to reach $548,000. 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 HISTORYYear 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 BASEApproximate 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%
HMO and Capitation: 40%
LEASE INFORMATIONCurrent Monthly Lease Rate: $4,666
Lease Expires on: 03/2021
Lease Assignable: Yes
Options to Renew: Yes
SERVICES REFERRED OUTEndodontics: Most
Implant Surgery: All
COLLECTIONSGross Annual Collections for 2018: $471,605
Gross Annual Collections for 2017: $273,387
Gross Annual Collections for 2016: $136,193
FACILITYTotal 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
EQUIPMENTAverage Age of Equipment: 10
Practice Software: Open Dental
X-Ray Access in Each Operatory: Yes
Digital X-Ray: Yes
Intraoral Camera: Yes
Nitrous Oxide: Plumbed but Not In Use