Elizabeth, NJ. Built from scratch in 2022 at a cost of about $400,000, this general dentistry practice has a massive 2,200 square feet of office space and sits above a bustling medical center in a free-standing solid brick building. Six (6) state-of-the-art operatories, five (5) of which are fully equipped, and five (5) digital x-ray machines. A single dentist (not the owner) works there, but refers out all molar endos, most extractions, ortho, implants, etc. So, if you do more than basic restorative, this could be an excellent investment opportunity for you. Currently 2,400 active patients with about 100 new patients arriving monthly. Many referred from the adjoining medical center. Three (3) years left on the current lease with three (3) additional 5-year options. To take advantage of this exceptional buying opportunity, please call now for a private showing.

Physical Facilities:

• 2,200 sq. ft. (approximate) office; Another 400 sq. ft. additional storage space
• $3,060/month rent; 3 years left on current lease w/three (3) additional 5-year options
• Reception area and waiting room
• Sterilization and lab area, staff/break room
• Separate private doctor’s office, 2 bathrooms
• 6 state-of-the-art operatories (5 fully equipped)
• 5 digital x-ray machines
• Eaglesoft software – Server and 6 workstations
• Physical assets valued at $400,000

Practice Information:

• Mixed Fee for Service/PPO/ Misc. patient base
• Approximately 2,400 active patients (past 24 months)
• Open 5 days/week
• M, T, W, R, Sat – 9:00 am to 5:30 pm
• 4 FT staff members
• 2024 Collections (Jan. 2024 thru mid-June 2024) were $260,000
• Annual Collections for:
  • 2024: $550,000 (Projected)
  • 2023: $360,000
  • 2022: $0
  • 2021: $0
• Averaged 100 New Patients/month, past 12 months

Price:

$499,000 (exclusive of accounts receivable)