TX1877

 Houston, Texas

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General Practitioner

Date Listed: Jul 10th, 23

Tell Me More About This Property

apps

4200

SQ.FT

7

OPERATORIES

people

1400

ACTIVE PATIENTS

today

3.5

DAYS OPEN PER WEEK

Description

This quality centered and profitable general practice is located in a busy shopping center plaza with strong visibility and a low saturation of dental competition! This practice is 49% PPO, 40% Medicaid, and 11% fee for service. The total active patient count over the last eighteen months for this practice is 1,400 and the practice averages 35 new patients per month.

Located in a large 4,200 square feet free shopping center complex that is equipped with seven operatories for the dentist and hygienists as well as four additional operatories that are plumbed and equipped (with no chairs) in a closed surgical suite. The practice also has two Nomad Pros, two Dexis Platinum Sensors, an intraoral camera, a brand new Vatech Pan/Ceph, a brand new Techwest Eco Vac dry vacuum pump, two new X Caliber Belmont chairs. In addition, each operative room is equipped with Ultrasonic Piezo scalers, TVs, and Dryshields.

This practice enjoys a strong community and SEO presence with 300+ 5-star Google reviews. The quality services and growing ortho patient base has allowed this practice to impressively grow its collections year after year. With the current owner working only a 3.5 day work week, a new owner could take this already growing and successful practice to even greater heights!

 

PRACTICE HISTORY

Year Practice Was Established in Current Area: 2013
Year Practice Was Established in Current Location: 2013
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2019
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
 

PATIENT BASE

Approximate total active patients: 1400 (past 18 months)
Approximate total active patients on hygiene recall: 1294
(past 18 months)

Average number of new patients per month: 35
Approximate percentage of practice income breakdown:
FFS and Cash: 11%
PPO: 49%
Medicaid: 40%
 

LEASE INFORMATION

Current Monthly Lease Rate: $6,978
Lease Expires on: 10/31/2023
Lease Assignable: Yes
Options to Renew: Yes
 

PRODUCTION BREAKDOWN

Diagnostic: 29%
Preventive: 13%
Restorative: 29%
Endodontics: 2%
Periodontics: 2%
Oral Surgery: 4%
Orthodontics: 19%
Procedures Referred Out: Implant placement, complete bony extractions, molar endodontics

COLLECTIONS

Gross Annual Collections for 2022: $743,701
Gross Annual Collections for 2021: $686,808
Gross Annual Collections for 2020: $570,190
 

FACILITY

Total Number of Equipped Operatories: 7
Operatories Equipped for Dentist: 7
Additional Operatories Plumbed but not Equipped: 4
Facility Space (sq ft): 4,200
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: 4
Practice Software: Open Dental
Level of Computerization: Each Operatory & Front Desk
Panorex: Yes
Intraoral Camera: Yes
Laser: No
Cerec: No
Nitrous Oxide: Plumbed and In Use