McKinney Practice Primed for Growth!

McKinney - General - Listing #1756


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Established in 2014, this general practice is located in the thriving and growing city of McKinney, Texas! This practice is equipped with two operatories for the dentist and hygienist, with three additional operatories that are plumbed and ready for the new owner to grow the practice. The practice currently has an active patient count of 585 and averages 14 new patients per month with a patient base of 80% PPO and 20% fee for service.

The practice is very nicely decorated with an emphasis on ensuring a relaxed and inviting environment. The current owner has instilled in the practice an honest, ethical, and conservative approach to dentistry that will carry over well for the new owner. The practice is equipped with digital x-rays, a pano, portable nitrous, and a Drufomat scan pressure machine.

Act now on this practice that is primed and ready for a new owner to take it to greater heights!

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 2014
Year Practice Was Established in Current Location: 2014
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
Average Number of Days Doctors Work per Week: 4.0
Average Number of Days Hygiene Dept. Works per Week: 3.5

PATIENT BASE

Approximate total active patients: 585 (past 18 months)
Average number of new patients per month: 14
Approximate percentage of practice income breakdown:
FFS and Cash: 20%
PPO: 80%

LEASE INFORMATION

Current Monthly Lease Rate: $5,000
Lease Expires on: 11/2024
Lease Assignable: Yes
Options to Renew: Yes

PRODUCTION BREAKDOWN

Hygiene: 37
Restorative: 14
Crown & Bridge: 16
Periodontics: 10
Pedodontics: 18
Other: 3

COLLECTIONS

Gross Annual Collections for 2019: $319,217
Gross Annual Collections for 2018: $347,455
Gross Annual Collections for 2017: $335,399

FACILITY

Total Number of Equipped Operatories: 2
Operatories Equipped for Dentist: 2
Additional Operatories Plumbed but not Equipped: 3
Facility Space (sq ft): 2,000
Facility Expandable: No
Type of Building: Professional Building 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: 4
Practice Software: Dentrix
Level of Computerization: Each Operatory & Front Desk
Digital X-Ray: Yes
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Portable Unit