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Richardson - General - Listing #1929


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UNDER CONTRACT

Established in 1985, this long-time general practice is located on a well-traveled road in a stand-alone brick building near many retail businesses. The payment base in this practice is 47% Fee for Service and 53% PPO. The total active patient count is 925 and the practice averages 10 new patients per month with no advertising efforts.

The practice is equipped with three operatories, plus two additional ops that are plumbed but not equipped, 3 wall-mounted x-rays, and a PC-1000 Pano. The new owner could expand the 1,250 square feet of space by taking advantage of some available space next door.

With only a 3-day work week and the current owner referring out many procedures, this is a fantastic opportunity for someone to grow an existing practice with fantastic reviews!



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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1985
Year Practice Was Established in Current Location: 1985
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2005
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

PATIENT BASE

Approximate total active patients: 925 (past 18 months)
Average number of new patients per month: 10
Approximate percentage of practice income breakdown:
FFS and Cash: 47%
PPO: 53%

LEASE INFORMATION

Current Monthly Lease Rate: $2,716
Lease Expires on: 4/31/25
Lease Assignable: Yes
Options to Renew: No

PRODUCTION BREAKDOWN

Diagnostic: 38%
Preventive: 26%
Restorative: 21%
Prosthodontics, removable: 2%
Implant Services: 4%
Prosthodontics, fixed: 2%
Oral Surgery: 1%
Adjunctive General Services: 1%
Other Services: .3
Procedures Referred Out: 3rd molar extractions, molar root canals, periodontal surgery, Ortho, Implant placement, severe TMJ

COLLECTIONS

Gross Annual Collections for 2023: $243,539
Gross Annual Collections for 2022: $242,207
Gross Annual Collections for 2021: $240,150

FACILITY

Total Number of Equipped Operatories: 3
Operatories Equipped for Dentist: 2
Operatories Equipped for Hygiene Department: 1
Additional Operatories Plumbed but not Equipped: 2
Facility Space (sq ft): 1,250
Facility Expandable: Yes
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

Average Age of Equipment: 10
Practice Software: Easy Dental
Level of Computerization: Front Desk Only
Panorex: Yes
Intraoral Camera: No
Laser: No
Cerec: No
Nitrous Oxide: Plumbed but Not In Use


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