Profitable Bread and Butter Practice in Sherman, Texas!

Sherman - General - Listing #1898


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This completely paperless and successful fee for service practice in Sherman, Texas is located in a free-standing building that is also for sale! The practice is equipped with four operatories, two for the dentist and two for the hygienists. The practice is completely up to date with digital sensors, CBCT that was purchased in 2020, two handheld x-rays and one wall-mounted x-ray, Trios Scanner, 3D Printer, soft tissue laser, electric handpieces, intraoral cameras in all operatories, a new autoclave sterilization unit, and plumbed and in-use nitrous. While most of the practice equipment was updated in 2010, an additional operatory was added in 2022 and it has a new chair and new equipment!

This building has been a successful dental practice since 1964 while currently serving it's 3rd dentist. This completely fee-for-service practice is very well known in the community and offers a unique hygiene model that uses microscopes to analyze plaque samples. Since 2017, this practice has had immense growth, currently with 1,503 active patients, the practice averages an impressive 30+ new patients per month!

This well-known practice has a loyal and well-trained staff who will greatly assist the new owner with the transition. The current owner refers out many services including; upper molar endo, most pediatrics, ortho, impacted third molars, sinus lifts, and larger prosthodontic cases. The new owner could easily take this already successful practice to greater heights!




PRACTICE HISTORY

Year Practice Was Established in Current Area: 1964
Year Practice Was Established in Current Location: 1982
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2016
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: 4.0
Average Number of Days Hygiene Dept. Works per Week: 6.0

PATIENT BASE

Approximate total active patients: 1503 (past 18 months)
Approximate total active patients on hygiene recall: 982
(past 18 months)

Average number of new patients per month: 30
Approximate percentage of practice income breakdown:
FFS and Cash: 100%
Other: 2%

LEASE INFORMATION


PRODUCTION BREAKDOWN

Diagnostic: 30%
Preventive: 24%
Restorative: 13%
Endodontics: 1%
Periodontics: 3%
Implant Services: 5%
Prosthodontics, fixed: 11%
Oral Surgery: 7%
Other Services: 2%: N2O, guards, pro
Procedures Referred Out: Sinus Lift, Impacted thirds, Upper Molar Endo, Most pediatric, Ortho, Larger prosth cases

COLLECTIONS

Gross Annual Collections for 2022: $643,333
Gross Annual Collections for 2021: $608,383
Gross Annual Collections for 2020: $509,008

FACILITY

Total Number of Equipped Operatories: 4
Operatories Equipped for Dentist: 2
Operatories Equipped for Hygiene Department: 2
Facility Space (sq ft): 1,750
Facility Expandable: No
Type of Building: Free Standing Building
Practice Shares Space with Another Practice: No
Facility is Owned by Seller: Yes
Facility is Available for Purchase: Yes

EQUIPMENT

Average Age of Equipment: 10
Practice Software: Open Dental
Level of Computerization: Completely Paperless
Panorex: Yes
Intraoral Camera: Yes
Laser: Yes
Nitrous Oxide: Plumbed and In Use


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