Solid Practice Ready for Growth!

Dallas - General - Listing #1849


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UNDER CONTRACT

Located on a busy thoroughfare with fantastic visibility near neighborhoods and many other businesses and restaurants. The patient base in this solid practice is 69% fee for service, 20% PPO, 10% Medicaid, and 1% HMO, and the practice has a total active patient base of 1,229 with 28 new patients per month.

The practice is equipped with four operatories for the dentist, two operatories for the hygienist, as well as two wall-mounted x-rays, a Gendex Panorex, an intraoral camera, and portable nitrous.

This practice is well known for its long-time and loyal patients along with its caring staff. With the current dentist working only 3 days a week and very little marketing efforts being made, a new owner could easily grow this already solid practice!



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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1984
Year Practice Was Established in Current Location: 1998
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2017
Has There Been Partner in the Practice the Past Three Years: No
Has There Been an Associate in the Practice the Past Three Years: Yes
Average Number of Days Hygiene Dept. Works per Week: 3.0

PATIENT BASE

Approximate total active patients: 1229 (past 18 months)
Approximate total active patients on hygiene recall: 950
(past 18 months)

Average number of new patients per month: 28
Approximate percentage of practice income breakdown:
FFS and Cash: 69%
PPO: 20%
HMO and Capitation: 1%
Medicaid: 10%

LEASE INFORMATION

Current Monthly Lease Rate: $2,425
Lease Expires on: 3/31/2023
Options to Renew: Yes

PRODUCTION BREAKDOWN

Diagnostic: 12%
Preventive: 4%
Restorative: 10%
Endodontics: 4%
Periodontics: 15%
Prosthodontics, removable: 4%
Implant Services: 1%
Prosthodontics, fixed: 31%
Oral Surgery: 7%
Other Services: 6.59
Procedures Referred Out: Some endo, some implants, some perio

COLLECTIONS

Gross Annual Collections for 2021: $515,953
Gross Annual Collections for 2020: $494,460
Gross Annual Collections for 2019: $533,285

FACILITY

Total Number of Equipped Operatories: 6
Operatories Equipped for Dentist: 4
Operatories Equipped for Hygiene Department: 2
Facility Space (sq ft): 1,600
Facility Expandable: No
Type of Building: Shopping Center Complex
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: No

EQUIPMENT

Average Age of Equipment: 12
Practice Software: Open Dental
Level of Computerization: Each Operatory & Front Desk
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Portable Unit