Increasing Profits for Five-Star Plano Practice!
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Plano - General - Listing #1865


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UNDER CONTRACT

Located on a busy intersection in Plano, Texas, this high potential practice has had increasing collections year after year! With its 5 Star ratings, the active patient count in this practice continues to grow by the day!

This 2,419 square feet practice is equipped with four operatories, as well as two wall-mounted x-rays, a mobile x-ray unit, an i-CAT Precise Cone Beam, an intraoral camera, and portable nitrous. The new owner could add an additional operatory by converting the consult room into another operatory.

The growing patient base in this practice is 85% PPO, 10% fee for service, and 5% Medicaid, and the practice has a total active patient base of 590 with 23 new patients per month.

The current owner is open to a work back discussion with the new owner. By adding more workdays in the office, a new owner could easily take advantage of the current 5 Star reviews and immediately grow the practice!



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PRACTICE HISTORY

Year Practice Was Established in Current Area: 2016
Year Practice Was Established in Current Location: 2016
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2020
Has There Been Partner in the Practice the Past Three Years: Yes
Has There Been an Associate in the Practice the Past Three Years: No
Average Number of Days Doctors Work per Week: 4.0

PATIENT BASE

Approximate total active patients: 590 (past 18 months)
Average number of new patients per month: 23
Approximate percentage of practice income breakdown:
FFS and Cash: 10%
PPO: 85%
Medicaid: 5%

LEASE INFORMATION

Current Monthly Lease Rate: $6,048
Lease Expires on: 1/31/2024
Lease Assignable: Yes
Options to Renew: Yes

PRODUCTION BREAKDOWN

Diagnostic: 15%
Preventive: 3%
Restorative: 20%
Endodontics: 3%
Periodontics: 8%
Prosthodontics, removable: 1%
Implant Services: 19%
Prosthodontics, fixed: 16%
Oral Surgery: 10%
Orthodontics: 4%
Other Services: 2
Procedures Referred Out: Retreat endo, traditional braces

COLLECTIONS

Gross Annual Collections for 2022: $365,763
Gross Annual Collections for 2021: $263,077
Gross Annual Collections for 2020: $104,601

FACILITY

Total Number of Equipped Operatories: 4
Operatories Equipped for Dentist: 4
Facility Space (sq ft): 2,419
Facility Expandable: Yes
Type of Building: Shopping Center Complex
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: No
Facility is Available for Purchase: No

EQUIPMENT

Average Age of Equipment: 8
Practice Software: Open Dental
Level of Computerization: Each Operatory & Front Desk
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Portable Unit


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