Fantastic Price for Fast Sale!

Irving - General - Listing #1818


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Located in Irving, Texas, near a major highway with both thriving and developing businesses and neighborhoods.

This is a Modern and very high tech turnkey office that is all digital with cloud based software essentially eliminating the need for monthly IT services. Handheld Nomad X-ray unit, DEXIS Digital sensor, Intraoral Camera, AND Genoray 3D CBCT Scanner + Pano. There is a brand new up to date website and there has been a great amount of investment in google SEO for marketing. There are 4 fully equipped operatories with flat screen TVs, Amazon Firesticks, and NITROUS plumbing throughout.

The 3,500 square feet stand-alone building has great visibility and signage, with plenty of room for growth and expansion with more chairs. The space has been enhanced by IT for premium WiFi speeds, and security systems/cameras throughout.  The real estate is also listed for sale by the landlord if you are interested in owning the land. Please inquire for more details regarding this option.

The price for this practice is greatly reduced for a quick sale as the owner doctor’s personal circumstances have unexpectedly changed and will be moving out of state.

The practice was purchased in July 2020 at the beginning of the pandemic and since then has been updated and transformed from an 80% Medicaid practice to its current 80% FFS/PPO patient base and continues to grow. Most major procedures are currently being referred out and the office is operational only 3 days a week leaving significant room for immediate growth with a new owner that could bring these procedures back in house! Don’t miss out on this opportunity, as the doctor is ready to sell so it won’t last long!



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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1987
Year Practice Was Established in Current Location: 1987
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2020
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: 3.0
Average Number of Days Hygiene Dept. Works per Week: 0.0

PATIENT BASE

Approximate total active patients: 1000 (past 18 months)
Average number of new patients per month: 15
Approximate percentage of practice income breakdown:
FFS and Cash: 10%
PPO: 80%
Medicaid: 10%

LEASE INFORMATION

Current Monthly Lease Rate: $4,500
Lease Expires on: 07/31/2023
Lease Assignable: Yes
Options to Renew: Yes

PRODUCTION BREAKDOWN

COLLECTIONS

Gross Annual Collections for 2020: $414,661

FACILITY

Total Number of Equipped Operatories: 4
Operatories Equipped for Dentist: 4
Facility Space (sq ft): 3,500
Facility Expandable: Yes
Type of Building: Free Standing Building
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: No
Facility is Available for Purchase: Yes
Estimated Property Value: $649,990


EQUIPMENT

Average Age of Equipment: 5
Practice Software: Eaglesoft
Level of Computerization: Completely Paperless
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Plumbed and In Use