Hudson Valley, NY. This flagship dental facility is a blue-collar haven and a recession proof practice. 80% of 2016 revenue is from actual insurance claims. ($4,211,454 gross for 2016, $1,193,404 net income = 28.34% profit) Preferably a private equity group would be the ideal purchaser. In fact, it will be necessary in order to handle the colossal volume this practice produces. Located amongst prime real estate, this $4+ million dollar grossing dental practice is highly advanced with no expenses spared. If you are ready to dedicate your skills to a high traffic, high volume dental practice with a net income of $1,100,000+ annually, then look no further than this lucrative, very rare opportunity.
Physical Facilities:
- 4,700 sq. ft. (approximate) office
- 2,000 sq. ft. of additional expansion available
- Twenty (20) fully equipped operatories
- Fifteen (15) x-ray machines
- Four (4) additional panorex machines
- Reception area with business office and waiting room
- Sterilization and lab areas, staff/break room
- Dentech Dental software – Server and 9 workstations
- Physical assets valued at 1,000,000
- Goodwill – Owners will stay on to make transition smooth
Practice Information:
- Mixed Fee for Service/PPO/DMO patient base
- Approximately 12,000 active patients (past 24 months)
- Office open 4 1/2 days/week (Friday half day, no weekends)
- 4 GP’s, 1 Periodontist, 1 Oral Surgeon, 2 Orthodontists, 1 hygienist
- 14 FT staff members
- Average Monthly Collection thru August 2017 is $335,000
- Nets $1,100,000+ annually
- Annual Collections for:
- 2016 $4,211,454 ($1,193,404 net income) 28.34% profit
- 2015 $4,152,236
- 2014 $4,048,997
- 2013 $4,027,957
- 2012 $4,150,043
- Extraordinary 99.1% collection rate
- Approx. Accounts Receivable of $450,000 – due in 90 days
- Recession Proof Practice – 80% actual insurance revenue
- Averaged 300+ New Patients/month past 12 months
- Practice can pay for itself in six (6) years