Practice Sale with $100,000 in Incentives! - #1776

Public Overview

Status Type

Under Contract

Practice Type

General

Opportunity Type

Practice for Sale

Transition Type

Sell Practice and Leave

State

Texas

Region

East Texas

City or Advertised Area

East Texas

Description

This well-established practice is being offered at a price $50,0000 below market value with an additional $50,000 budget built into the valuation for new equipment! This practice started in 1972 and moved to its present 2,500 square feet stand alone building in 1984 which is also available for purchase! The practice maintains a 60% fee for service and 40% PPO payment breakdown with 2019 collections totaling close to $600,000! The practice has a total active patient count over the last eighteen months of 1,500 and is averaging 8 new patients per month with no marketing efforts. The practice is equipped with three operatories for the dentist, two for the hygienists, plus an additional plumbed but not equipped operatory. All equipped operatories contain digital x-rays and televisions. With the selling dentist working a reduced 3-day work week, this is a solid practice for a new owner to grow and expand!

Listing Reference Number

1776

Public Facility & Practice

Office Space (Square feet)

2500

Equipped Operatories (#)

5

Public Insurance Breakdown (By %)

Cash

60%

PPO

40%

Public Practice Info

Number of Days Worked per week

3

Public Patient Info

Number of Active Patients

1500

Number of New Patients

8

Public Faculty Info

Location

-

Number of Parking Spots

12

Facility Owned by seller

Yes

Property Value

300000

Hygiene Operatories

2

Plumbed Not Equipped Operatories

1

Intra Oral Camera

Yes

Digital X Ray

Yes

Average Age Equipment

20

Public Financial Info

This Year Prior

590000

Two Year Prior

542830

Three Year Prior

630064

Public Transaction Info

Closing Date

2020-09-30

Practice Gross

590000

Amount

$37,000

Broker Contact Info

Earl Douglas, a dental practice broker for ADS South

Frank J. Brown, JD, LL.M.

469-222-3200
jeremy@adstexas.com