Newburgh, 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
  • Good will – Owners will stay on to make the 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
  • 4 GP’s, 1 Periodontist, 1 Oral Surgeon, 2 Orthodontists, 1 Hygienist
  • 14 full-time 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

Price:  

$6,600,000 (inclusive of accounts receivable)
Contact us about this practice listing. Mention listing #4120
*All photos are generic until we qualify buyers. Information deemed reliable but not guaranteed.