Excellent Opportunity in West Palm Beach Area

West Palm Beach, Florida - General - Listing #1527


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Great opportunity to own a practice near the beach in the West Palm Beach area of Florida! This general practice was established in 1990 and serves a loyal patient base of 60% fee for service, 35% PPO, and 5% HMO. The practice is fully equipped with 6 operatories, digital x-rays, and Panorex. With the selling doctor working only a three day work week, the practice grossed $823,900 in 2015. A young energetic doctor could easily grow this practice by working a longer work week, plus the building can be expanded for additional growth as well. Inquire now about this great practice!

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PRACTICE HISTORY

Year Practice Was Established in Current Area: 1990
Year Practice Was Established in Current Location: 1990
Seller Purchased Practice: Yes
Year Seller Purchased Practice: 2007
Has There Been Partner in the Practice the Past Three Years: No
Has There Been an Associate in the Practice the Past Three Years: Yes
Average Number of Days Doctors Work per Week: 3.0
Average Number of Days Hygiene Dept. Works per Week: 4.0

PATIENT BASE

Approximate total active patients: 1400 (past 18 months)
Average number of new patients per month: 20
Approximate percentage of practice income breakdown:
FFS and Cash: 60%
PPO: 35%
HMO and Capitation: 5%

LEASE INFORMATION

Current Monthly Lease Rate: $5,700
Lease Expires on: 2021
Lease Assignable: Yes
Options to Renew: Yes

SERVICES REFERRED OUT

Endodontics: Some
Implant Surgery: None
Orthodontics: All
Pediatrics: Most
Periodontics: Some
Surgery: Some

COLLECTIONS

Gross Annual Collections for 2018: $823,900
Gross Annual Collections for 2017: $940,869
Gross Annual Collections for 2016: $974,622

FACILITY

Total Number of Equipped Operatories: 6
Operatories Equipped for Dentist: 6
Facility Space (sq ft): 1,600
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: 15
Practice Software: Abel Dent
Level of Computerization: Each Operatory & Front Desk
X-Ray Access in Each Operatory: Yes
Digital X-Ray: Yes
Panorex: Yes
Intraoral Camera: No
Laser: No
Cerec: No