Successful Plano, Texas Practice!

Plano - General - Listing #1733


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UNDER CONTRACT

Established in 2000, this successful general practice is located in the highly trafficked city of Plano, Texas! This practice is 77% out of network PPO and 23% fee for service (cash). With zero advertising dollars spent on paper or online, the practice is currently serving 1,015 active patients and averages 36 new patients per month. The practice is equipped with a total of three operatories plus one additional plumbed but not equjpped operatory. Equipment included in this practice consists of three Digital Intraoral X-rays, a Panorex, mobile nitrous unit, polishing, lab items such a model trimmer, bench polish and grinding lathe, a vacuum former, and a vibrator.

The owner in this practice employs a loyal and conscientious staff who will be a great benefit to the new owner. The practice itself enjoys a fantastic reputation that offers exemplary attention to individual patient needs. With the current owner working only a 3-day work week, a new and energetic buyer could easily grow this practice. In addition, the owner is willing to work back 1-2 days per week for assist in the transition.

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1994
Year Practice Was Established in Current Location: 2000
Seller Purchased Practice: No
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

PATIENT BASE

Approximate total active patients: 1015 (past 18 months)
Approximate total active patients on hygiene recall: 1200
(past 18 months)

Average number of new patients per month: 4
Approximate percentage of practice income breakdown:
FFS and Cash: 23%
PPO: 77%

LEASE INFORMATION

Current Monthly Lease Rate: $3,610
Lease Expires on: 08/18/2019
Lease Assignable: No
Options to Renew: Yes

PRODUCTION BREAKDOWN

Hygiene: 52
Restorative: 25
Crown & Bridge: 13
Endodontics: 1
Periodontics: 1
Prosthodontics: 2
Oral Surgery: 4
Other: 1

COLLECTIONS

Gross Annual Collections for 2018: $575,023
Gross Annual Collections for 2017: $590,411
Gross Annual Collections for 2016: $641,261

FACILITY

Total Number of Equipped Operatories: 3
Operatories Equipped for Dentist: 3
Additional Operatories Plumbed but not Equipped: 1
Facility Space (sq ft): 1,500
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: 18
Practice Software: Eaglesoft
Level of Computerization: Each Operatory & Front Desk
X-Ray Access in Each Operatory: Yes
Digital X-Ray: Yes
Panorex: Yes
Intraoral Camera: No
Laser: No
Cerec: No
Nitrous Oxide: Portable Unit