General Practice in Northeast Fort Worth!

Colleyville - General - Listing #1860


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Fantastic opportunity to own a general dentist practice in the highly sought-after Mid-Cities area northeast of Fort Worth. This spacious, approximately 2400 square foot free standing building boasts 4 equipped operatories, plus additional space for 2 more operatories.

The office was completely renovated in June 2021 including paint, lighting, carpet, floors, cabinets, and countertops. Recent upgrades in November 2021 also include over $100,000 for two new Adec chairs and delivery units, 3 cabinets, 3 track lights, as well as a hand-held Nomad X­-Ray unit. Equipment also includes a digital Bel-Cypher panoramic X-Ray, a wall mounted Gendex X­-Ray, sound system/tv's, and a new full-size refrigerator.

The patient base in the practice is 60% PPO and 40% FFS with 1,296 active patients over the last eighteen months. The practice is averaging 22 new patients per month.

This practice is known for its home-like atmosphere with attention towards treating the entire family. Located in a highly affluent area near retail shopping areas, restaurants, and neighborhoods, this practice is primed for a new owner to hit the ground running.




PRACTICE HISTORY

Year Practice Was Established in Current Area: 1992
Year Practice Was Established in Current Location: 1999
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: 3.0
Average Number of Days Hygiene Dept. Works per Week: 3.0

PATIENT BASE

Approximate total active patients: 1296 (past 18 months)
Approximate total active patients on hygiene recall: 1062
(past 18 months)

Average number of new patients per month: 22
Approximate percentage of practice income breakdown:
FFS and Cash: 40%
PPO: 60%

LEASE INFORMATION

Current Monthly Lease Rate: $4,256

PRODUCTION BREAKDOWN

Diagnostic: 37%
Preventive: 27%
Restorative: 21%
Endodontics: 1%
Implant Services: 13%
Other Services: 34
Procedures Referred Out: Extractions, Implant placement, Endodontics, Orthodontics, Periodontics

COLLECTIONS

Gross Annual Collections for 2021: $188,533
Gross Annual Collections for 2020: $186,071

FACILITY

Total Number of Equipped Operatories: 4
Operatories Equipped for Dentist: 2
Operatories Equipped for Hygiene Department: 2
Additional Operatories Plumbed but not Equipped: 2
Facility Space (sq ft): 2,400
Facility Expandable: Yes
Type of Building: Free Standing Building
Facility is Owned by Seller: No
Facility is Available for Purchase: No

EQUIPMENT

Average Age of Equipment: 3
Practice Software: Dentrix
Level of Computerization: Each Operatory & Front Desk
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Plumbed but Not In Use