Practice Sale with $100,000 in Incentives!

East Texas - General - Listing #1776


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This well-established practice is being offered at a price $50,0000 below market value with an additional $50,000 budget built into the valuation for new equipment! This practice started in 1972 and moved to its present 2,500 square feet stand alone building in 1984 which is also available for purchase!

The practice maintains a 60% fee for service and 40% PPO payment breakdown with 2019 collections totaling close to $600,000! The practice has a total active patient count over the last eighteen months of 1,500 and is averaging 8 new patients per month with no marketing efforts.

The practice is equipped with three operatories for the dentist, two for the hygienists, plus an additional plumbed but not equipped operatory. All equipped operatories contain digital x-rays and televisions. With the selling dentist working a reduced 3-day work week, this is a solid practice for a new owner to grow and expand!

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1972
Year Practice Was Established in Current Location: 1984
Seller Purchased Practice: No
Has There Been Partner in the Practice the Past Three Years: Yes
Has There Been an Associate in the Practice the Past Three Years: Yes
Average Number of Days Doctors Work per Week: 3.0
Average Number of Days Hygiene Dept. Works per Week: 3.0

PATIENT BASE

Approximate total active patients: 1500 (past 18 months)
Approximate total active patients on hygiene recall: 1280
(past 18 months)

Average number of new patients per month: 8
Approximate percentage of practice income breakdown:
FFS and Cash: 60%
PPO: 40%

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PRODUCTION BREAKDOWN

Hygiene: 25
Restorative: 35
Crown & Bridge: 20
Endodontics: 5
Prosthodontics: 5
Oral Surgery: 8
Pedodontics: 2

COLLECTIONS

Gross Annual Collections for 2019: $590,000
Gross Annual Collections for 2018: $542,830
Gross Annual Collections for 2017: $630,064

FACILITY

Total Number of Equipped Operatories: 5
Operatories Equipped for Dentist: 3
Operatories Equipped for Hygiene Department: 2
Additional Operatories Plumbed but not Equipped: 1
Facility Space (sq ft): 2,500
Facility Expandable: No
Type of Building: Free Standing Building
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: Yes
Facility is Available for Purchase: Yes
Estimated Property Value: $300,000


EQUIPMENT

Average Age of Equipment: 20
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: Yes
Laser: No
Cerec: No
Nitrous Oxide: Plumbed and In Use