Family Friendly Practice in Irving, Texas!

Irving - General - Listing #1755


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This quality-oriented family practice is located in a spacious 4,074 square foot shopping center complex in Irving, Texas with a focus on providing top-of-the-line dental services for adults and children. Ready for new growth, the practice is currently equipped with two operatories and an additional six operatories that are plumbed and ready to be equipped, as well as Dexis digital x-rays and files, a WaveOne single-file reciprocating system, portable nitrous, and a play area for children.

The total active patient count over the last eighteen months is 1,396 and the practice is averaging 22 new patients per month with minimal marketing efforts. The 2018 annual gross collections for this practice totaled $505,865 with a patient base of 70% Medicaid, 12% fee for service, and 18% PPO.

This practice offers a major untapped opportunity as it currently has no specialist revenue. This is an excellent opportunity for a young doctor to immediately make money while growing an existing practice to its fullest potential!

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 2005
Year Practice Was Established in Current Location: 2005
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: 6.0

PATIENT BASE

Approximate total active patients: 1396 (past 18 months)
Average number of new patients per month: 22
Approximate percentage of practice income breakdown:
FFS and Cash: 12%
PPO: 18%
Medicaid: 70%

LEASE INFORMATION

Current Monthly Lease Rate: $6,983
Lease Expires on: 7/31/2020
Lease Assignable: Yes
Options to Renew: No

PRODUCTION BREAKDOWN

Hygiene: 63
Restorative: 24
Crown & Bridge: 4
Endodontics: 1
Periodontics: 2
Prosthodontics: 2
Oral Surgery: 2
Other: 2

COLLECTIONS

Gross Annual Collections for 2018: $505,865
Gross Annual Collections for 2017: $571,247

FACILITY

Total Number of Equipped Operatories: 2
Operatories Equipped for Dentist: 2
Additional Operatories Plumbed but not Equipped: 6
Facility Space (sq ft): 4,074
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: 10
Practice Software: Eaglesoft
Level of Computerization: Completely Paperless
X-Ray Access in Each Operatory: Yes
Digital X-Ray: Yes
Nitrous Oxide: Portable Unit