Northwest Houston - General - Listing #1884

Located in northwest Houston in a bustling area near shopping opportunities and neighborhoods, this popular and well-staffed practice is primed and ready for growth!
This increasingly profitable practice is equipped with three operatories for the dentist, one operatory for the hygienist, plus two additional plumbed operatories. The practice also has a wall-mounted Panorex, as well as a Nomad X-ray, and a portable nitrous unit. The payment breakdown is 40% Fee for Service, 35% PPO, and 25% Medicaid with a total active patient count of 938 and 30 new patients per month.
This practice is very well known and popular in the community with many loyal generations of patients. With no current marketing efforts being made, the practice continues to grow through word of mouth from many happy patients. The new owner could grow this practice even more by continuing the ortho services being offered and introducing implant and endo services. The selling dentist is highly motivated to find the right fit for this practice!

PRACTICE HISTORY
Year Practice Was Established in Current Area: 2003 Year Practice Was Established in Current Location: 2003 Seller Purchased Practice: Yes Year Seller Purchased Practice: 2018 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: 5.0

PATIENT BASE
Approximate total active patients: 938 (past 18 months) Approximate total active patients on hygiene recall: 938
(past 18 months) Average number of new patients per month: 30
Approximate percentage of practice income breakdown: FFS and Cash: 40% PPO: 35% Medicaid: 25%

LEASE INFORMATION
Current Monthly Lease Rate: $6,000 Lease Expires on: 10/31/2023 Lease Assignable: Yes Options to Renew: Yes
PRODUCTION BREAKDOWN
Diagnostic: 5% Preventive: 5% Restorative: 5% Endodontics: 5% Periodontics: 5% Prosthodontics, removable: 5%
Implant Services: 5% Prosthodontics, fixed: 10% Oral Surgery: 10% Orthodontics: 45% Procedures Referred Out: 3rd molar extractions










COLLECTIONS
Gross Annual Collections for 2022: $427,350 Gross Annual Collections for 2021: $408,079 Gross Annual Collections for 2020: $317,205
FACILITY
Total Number of Equipped Operatories: 4 Operatories Equipped for Dentist: 3




Operatories Equipped for Hygiene Department: 1 Additional Operatories Plumbed but not Equipped: 2 Facility Space (sq ft): 2,400 Facility Expandable: Yes 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: 5 Practice Software: Open Dental Level of Computerization: Each Operatory & Front Desk Panorex: Yes Intraoral Camera: No Laser: No Cerec: No Nitrous Oxide: Portable Unit