Growing PPO Practice in Richardson!

Richardson - General - Listing #1744


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Desirable PPO practice in a vibrant, high traffic area with 23 new patients per month and 1,846 active patients. This practice is furnished with three fully equipped operatories for the dentist, two for the hygienists, and other amenities such as digital x-rays, a Panorex, and plumbed nitrous.

This long-standing practice was established in 1980, and relocated to a 2,579 square feet space in 2009. With patient payment base of 91% PPO and 9% fee for service, this practice is on track to reach $1,119,118 in 2019. This practice is known for its long-term proficient staff and is a perfect practice opportunity for a young dentist to earn an impressive salary and live where the action is!

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1980
Year Practice Was Established in Current Location: 2009
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: Yes
Average Number of Days Doctors Work per Week: 4.0
Average Number of Days Hygiene Dept. Works per Week: 7.0

PATIENT BASE

Approximate total active patients: 1846 (past 18 months)
Average number of new patients per month: 23
Approximate percentage of practice income breakdown:
FFS and Cash: 9%
PPO: 91%

LEASE INFORMATION

Current Monthly Lease Rate: $6,771
Lease Expires on: 3/31/2024
Lease Assignable: Yes
Options to Renew: Yes

PRODUCTION BREAKDOWN

Hygiene: 23
Restorative: 4
Crown & Bridge: 22
Endodontics: 6
Periodontics: 6
Orthodontics: 6
Oral Surgery: 5
Implants: 13
Other: 15 - Diagnostics

COLLECTIONS

Gross Annual Collections for 2018: $1,104,569
Gross Annual Collections for 2017: $1,099,205
Gross Annual Collections for 2016: $942,438

FACILITY

Total Number of Equipped Operatories: 5
Operatories Equipped for Dentist: 3
Operatories Equipped for Hygiene Department: 2
Facility Space (sq ft): 2,579
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

Practice Software: Dentrix and Denticon
Level of Computerization: Each Operatory & Front Desk
X-Ray Access in Each Operatory: Yes
Digital X-Ray: Yes
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Plumbed and In Use