Drastically Reduced Price Near Houston Medical District and the Galleria!

Bellaire/Houston - General - Listing #1845


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This long time and well-established general practice of 35 years is located near the Houston Medical District and the Galleria! Upon entering the building complex, the practice is immediately visible from the lobby. The practice is well-equipped with three operatories (with privacy walls) and a fourth room (with a door) that is plumbed but not equipped, as well as a wall-mounted x-ray unit that serves two separate operatories, a Panoramic Cephalometric PC-100, and an intraoral camera. All operatories have privacy walls The patient base is 90% PPO and 10% fee-for-service with 750 active patients over the last eighteen months, and an average of 5 new patients per month.

With the current owner working only a 3.5-day work week, performing all hygiene services, and referring out all molar root canals, oral surgeries, and implant placements, all a new owner could easily grow this practice by expanding the work week, hiring a hygienist, and bringing services back in-house!

This practice is known for its conservative approach to dentistry and attention to detail, as well its caring and loyal staff. The owner in this practice is willing to work back one day per month to finish existing ortho cases.



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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1987
Year Practice Was Established in Current Location: 1997
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: 3.5
Average Number of Days Hygiene Dept. Works per Week: 0.0

PATIENT BASE

Approximate total active patients: 750 (past 18 months)
Approximate total active patients on hygiene recall: 600
(past 18 months)

Average number of new patients per month: 5
Approximate percentage of practice income breakdown:
FFS and Cash: 10%
PPO: 90%

LEASE INFORMATION

Current Monthly Lease Rate: $4,272
Lease Expires on: 05.31.2027
Lease Assignable: Yes
Options to Renew: Yes

PRODUCTION BREAKDOWN

Diagnostic: 10%
Preventive: 11%
Restorative: 9%
Endodontics: 1%
Periodontics: 2%
Prosthodontics, removable: 1%
Maxillofacial Prosthetics: 1%
Prosthodontics, fixed: 50%
Orthodontics: 9%
Procedures Referred Out: Molar Endodontics, Implant placements, Oral Surgery

COLLECTIONS

Gross Annual Collections for 2021: $421,816
Gross Annual Collections for 2020: $410,617
Gross Annual Collections for 2019: $490,474

FACILITY

Total Number of Equipped Operatories: 3
Operatories Equipped for Dentist: 3
Facility Space (sq ft): 1,500
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

Practice Software: Practice-Web
Level of Computerization: Front Desk Only
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Not Plumbed