Prime Practice for Sale in East Texas!

East Texas - General - Listing #1798


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Established in 1978, this ideal and well-known general practice is located on one of the busiest streets in the area with excellent signage near retail stores and restaurants. In addition to remodeling the practice inside and out within the last 5 years, the owner installed new patient chairs, operator chairs, and assistant chairs, giving this office the modernized feel you want. The practice is well equipped with three operatories for the dentist and one operatory for hygiene, as well as digital x-rays available in each operatory, a pano and 3D CBCT machine, intraoral cameras in each operatory, and plumbed nitrous. The total active patient count over the last eighteen months is 1043, and the practice averages 25 new patients per month. The practice is represented by the owner to earn approximately 25% of its income from Medicaid in 2020. The Practice is credentialed with Texas medicaid for certain medical procedures such as: bone grafts, Platelet-rich fibrin, and bone debridement. The practice is not credentialed with medicaid for general dental procedures and is not in network with any PPO's but does process claims for patients who have insurance. This practice is known for its comprehensive dentistry and has become the place to go for implants in the area. The owner of this practice also owns the real estate and is willing to sell the real estate along with the practice. In addition, there is additional space on one side of the building for expansion purposes. With more time taken off this year than ever before and only treating patients for 24 hours each week, 2020 collections reached $1,121, 662! Following the sale of the practice, the owner is willing to work back part time to perform oral surgery procedures.

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1978
Year Practice Was Established in Current Location: 1978
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2012
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: 1043 (past 18 months)
Approximate total active patients on hygiene recall: 524
(past 18 months)

Average number of new patients per month: 25
Approximate percentage of practice income breakdown:
FFS and Cash: 75%
Medicaid: 25%

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PRODUCTION BREAKDOWN

COLLECTIONS

Gross Annual Collections for 2020: $1,121,662
Gross Annual Collections for 2019: $1,001,241
Gross Annual Collections for 2018: $896,749

FACILITY

Total Number of Equipped Operatories: 4
Operatories Equipped for Dentist: 3
Operatories Equipped for Hygiene Department: 1
Facility Space (sq ft): 1,600
Facility Expandable: Yes
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: $379,000


EQUIPMENT

Average Age of Equipment: 5
Practice Software: Dentrix
Level of Computerization: Each Operatory & Front Desk
X-Ray Access in Each Operatory: Yes
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Plumbed and In Use