General Dental Practice in Citrus County, FL - MS240411

Nestled in the booming region of Florida’s Nature Coast, close to Inverness, Crystal River, and Dunnellon, this exquisite dental practice presents a remarkable opportunity. With annual revenues of $642,000 achieved in just three Doctor days per week, this practice combines efficiency with profitability. The practice features five fully-equipped operatories with potential for expansion within its spacious 2,000 square foot facility and benefits from a highly favorable lease with an automatic renewal every five years, ensuring long-term stability. Key assets include a state-of-the-art digital panoramic X-ray machine, Belmont chairs, three sensors, and Equipped with cloud-based management software, highlighting the practice’s commitment to modern technology. Established in 1997, the facility is contemporary and well-maintained with brand new flooring. Financially, the practice enjoys a diverse revenue stream: approximately 25-30% from Pediatric Medicaid which is expected to be completely gone by the end of 2024, and 25% from local VA contracts, known for their favorable reimbursement rates, with the remainder from Fee-for-Service and some PPO. The practice refers out most specialized procedures, suggesting a significant opportunity to increase revenues by retaining these services in-house. Situated in an area experiencing remarkable growth, this practice is ripe for customization to fit your vision. Whether you seek to expand services or leverage its existing strong foundation, this practice represents a strategic investment in a thriving community. It also offers untapped growth potential, as no active marketing initiatives have been undertaken. Lastly, it appears that 2024 is shaping up to be a banner year for them!