Newark, NJ. Three (3) dental practices for the price of one. This 36-year practicing general dentist seems to have Newark’s Medicaid market cornered. Rotating specialists work at each practice at least once a month. Superb locations with a bus stop directly in front of 2 of the 3 offices. Four, four and three fully equipped operatories with all three completely digitalized. Long term lease available in all locations with the bonus of real estate offered in one. Doctor prefers to sell as a threesome.
Physical Facilities:
- 1,100, 1,200 & 1,350 sq. ft. (approximate) per office space
- Real estate can be purchased in one location
- Reception area with business office
- Sterilization and lab area, staff/break room
- Separate private doctor’s office
- 4, 4 and 3 fully equipped operatories, all w/digital x-rays
- Dentrix Dental software – Server with multiple workstations
- Total physical assets (all 3 locations) valued at $240,000
Practice Information:
- 80% Medicaid/DMO patient base
- Approximately 9,000 active patients (past 24 months) in all 3 offices
- Office open 6 days/week
- Long term lease available in all 3 locations
- 10 FT, 7 PT staff members altogether
- Average Monthly Collection (for all 3 offices) thru March 2017 is $110,000
- Annual Collections for:
- 2016 $1,417,653 (all 3 locations combined)
- 2015 $1,392,118
- 2014 $1,500,592
- 2013 $1,555,093
- Averaged 100 New Patients/month past 12 months for all 3 offices