Newark, NJ. Mixed FFS/PPO/DMO/Medicaid, 20-year established general dentistry practice is located near the scenic beauty of Branch Brook Park. Specialists on staff include a periodontist, endodontist, oral surgeon and orthodontist. Ground floor opportunity in a professional building with 2,225 square feet of office space including a marble floor entrance way. Six (6) fully equipped operatories including 2 new KaVo P4 dental chairs, six (6) digital x-ray machines and a digital pan/ceph unit. 19 years left on the lease includes one (just started) 10-year and two 5-year options. Ideal for a partnership team to take over for the two current GP’s who are selling. Location, population and the tranquility of Branch Brook Park make this selection an easy one.
Physical Facilities:
- 2,225 sq. ft. (approximate) office
- 19 years left on lease
- Reception area and waiting room
- Sterilization and lab area, staff/break room
- Separate private doctor’s office
- 6 fully equipped operatories including 2 new KaVo P4 dental chairs
- 6 digital x-ray machines and 1 digital pan/ceph unit
- Dentrix Dental software – Server and 14 workstations
- Physical assets valued at $275,000
Practice Information:
- Mixed FFS/PPO/DMO/Medicaid patient base
- Approximately 4,000 active patients (past 24 months)
- Office open 6 days/week
- Averaging 5 hygiene days/week
- 5 FT, 5 PT staff members
- Average Monthly Collection thru May 2019 is $150,000
- Annual Collections for:
- 2018 $1,809,865
- 2017 $1,722,996
- 2016 $1,703,730
- 2015 $1,698,075
- Averaged 60 New Patients/month past 12 months