Fantastic Ortho Practice North of Houston!

North Houston - Orthodontic - Listing #1735


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Established in 2007, this well-established and successful ortho practice is located in a recently remodeled 1,600 square feet facility in a busy shopping center near a grocery store, restaurants and retail stores. The practice is equipped with 5 ortho stations and one general dentist operatory, plus one additional plumbed but not equipped operatory.

On average, this practice is open three days per week for 6 hours each day, and employs three well-trained but part-time staff members who keep things on pace and running smoothly. The selling doctor provides braces and invisalign treatments.

The practice is 66% fee for service and 34% PPO, with an active patient count of 204 and a new patient rate of 8 per month. The seller works only three days per week in this practice, making this is a fantastic opportunity for a young energetic orthodontist to grow a practice and make it their own.

Another consideration for this practice is that it would would be a great general dentist start-up practice with the ability to provide a fantastic ortho stream!

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 2007
Year Practice Was Established in Current Location: 2007
Seller Purchased Practice: Yes
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: 3.0

PATIENT BASE

Approximate total active patients: 204 (past 18 months)
Average number of new patients per month: 8
Approximate percentage of practice income breakdown:
FFS and Cash: 66%
PPO: 34%

LEASE INFORMATION

Current Monthly Lease Rate: $6,300
Lease Expires on: 5/31/2024
Lease Assignable: Yes
Options to Renew: Yes

PRODUCTION BREAKDOWN

Orthodontics: 100

COLLECTIONS

Gross Annual Collections for 2018: $365,817
Gross Annual Collections for 2017: $417,492
Gross Annual Collections for 2016: $390,382

FACILITY

Total Number of Equipped Operatories: 6
Operatories Equipped for Dentist: 6
Additional Operatories Plumbed but not Equipped: 1
Facility Space (sq ft): 1,600
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: 12
Practice Software: DentiMax
Digital X-Ray: Yes
Panorex: Yes
Intraoral Camera: No
Laser: No
Cerec: No
Nitrous Oxide: Not Plumbed