Red Bank Prime

Red Bank, NJ. Gorgeous 6-operatory, 3,000 square foot freestanding facility located squarely in the middle of the city’s bustling business district. Theaters, galleries, over 100 restaurants, etc. The location is prime, and the practice is 30 years in business. Rare opportunity to also purchase the (income producing) real estate at fair market value. Otherwise, work out a reasonable, long-term lease. Six (6) fully equipped operatories, five (5) digital x-ray machines, and one (1) digital panorex unit. Projected to gross $706,000 for 2023 operating 4 ½ days/week. Exceptional value, prime location, and 4,500 active patients with 22 new patients arriving monthly. The seller is more than happy to stay on to ensure a perfectly smooth transition. Please call now for a private showing.

Physical Facilities:

• 3,000 sq. ft. (approximate) office
• Practice available with or without real estate
• Reception area and waiting room
• Sterilization and lab area, staff/break room
• Separate private doctor’s office, 2 bathrooms
• 6 fully equipped operatories w/plumbed nitrous
• 5 digital x-ray machines, 1 digital panorex unit
• Dentrix Dental software – 2 server and 5 workstations
• Physical assets valued at $200,000

Practice Information:

• Mixed Fee for Service/PPO patient base
• Approximately 4,500 active patients (past 24 months)
• Open 4 ½ days/week
• M – 9:00 am to 5:00 pm. T & R – 10:00 am to 6:00 pm. F – 9:00 am to 2:00 pm. Sat. – 8:00 am to 1:00 pm
• 3 FT, 1 PT staff member
• 2023 Collections (Jan. 2023 thru June 2023) were $353,000
• Annual Collections for:
  • 2023: $706,000 (Projected)
  • 2022: $595,108
  • 2021: $616,494
  • 2020: $549,950
  • 2019: $747,328
• Averaged 22 New Patients/month, past 12 months

Price:

$475,000 (exclusive of accounts receivable)

$800,000 Real Estate (OPTIONAL)