Highly Rated Dental Practice in Southwest Houston

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Southwest of Houston - General - Listing #1942


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This quality centered practice in southwest Houston has a prime location in a highly trafficked retail complex near great schools, high demand neighborhoods, and busy restaurants. The patient base in this practice is 60% PPO and 40% Fee for Service with a total active patient count of 630 over the last eighteen months and an average of ten new patients per month.

This practice resides in an 1,800 square feet shopping center complex with four completely equipped and plumbed operatories as well as one additional plumbed but not equipped operatory. The treatments currently performed in this practice include all general dentistry services as well as periodontic services performed by a highly skilled periodontist who comes in once a week to offer implant surgeries, bone grafts, sinus lifts, and more.

This practice is well known for its honesty and integrity, its long term and loyal patient base, the quality services provided, and excellent reputation. During the pandemic, the owner stopped preventative visits and let the hygienist go, but the current patient base is more than adequate to keep a full schedule for two full-time providers as well as a hygienist.

The current owner works only 3.5 days per week and relies solely on word-of-mouth to attract new patients. The current recall rate includes 300 patients, but due to the lack of current provider capacity, the owner has not "re-activated" patients who are active, but haven't been seen in the last 18 months (for preventive visits). With past performance data indicating future potential upwards of 20-25% conservatively, a new owner could increase collections even more by incorporating additional provider time, working a 5-day schedule, and hiring a dedicated hygienist!



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PRACTICE HISTORY

Year Practice Was Established in Current Area: 2001
Year Practice Was Established in Current Location: 2001
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: 3.5
Average Number of Days Hygiene Dept. Works per Week: 3.5

PATIENT BASE

Approximate total active patients: 630 (past 18 months)
Approximate total active patients on hygiene recall: 300
(past 18 months)

Average number of new patients per month: 10
Approximate percentage of practice income breakdown:
FFS and Cash: 40%
PPO: 60%

LEASE INFORMATION

Current Monthly Lease Rate: $4,960
Lease Expires on: 12/31/24
Lease Assignable: Yes
Options to Renew: No

PRODUCTION BREAKDOWN

Diagnostic: 13%
Preventive: 4%
Restorative: 36%
Endodontics: 2%
Periodontics: 23%
Prosthodontics, removable: 5%
Implant Services: 9%
Prosthodontics, fixed: 2%
Oral Surgery: 6%
Procedures Referred Out: Approx. 25 to 30% of Molar RCT, Orthodontics, Impacted Wisdom Tooth Extractions

COLLECTIONS

Gross Annual Collections for 2023: $486,523
Gross Annual Collections for 2022: $469,976
Gross Annual Collections for 2021: $477,421

FACILITY

Operatories Equipped for Dentist: 4
Additional Operatories Plumbed but not Equipped: 1
Facility Space (sq ft): 1,800
Facility Expandable: No
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: 15
Practice Software: Eaglesoft
Level of Computerization: Each Operatory & Front Desk
Panorex: No
Intraoral Camera: No
Laser: No
Cerec: No


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