Orange County, NY. If you are ready to dedicate your skills to a high traffic, high volume dental practice with a net income of $1,000,000+ annually, then look no further than this lucrative, very rare opportunity. This flagship dental facility is a blue-collar haven and a recession proof practice. 80% of revenue is from actual insurance claims. $4,054,039 gross 2017, $1,060,858 net income = 26.17% profit. Preferably a private equity group would be the ideal purchaser. In fact, it may be necessary in order to handle the colossal volume this practice produces. Located amongst prime real estate, this $4,000,000+ grossing dental practice is highly advanced with no expenses spared. Tremendous goodwill. Both owners will each stay on for two years as salaried employees to make the transition smooth and absolutely seamless. For an exclusive private showing and for further details, please call now.
Physical Facilities:
- 4,700 sq. ft. (approximate) office
- 2,000 sq. ft. of additional expansion available
- Twenty (20) fully equipped operatories
- Twenty-three (23) intra-oral x-ray machines
- Four (4) additional panorex machines
- Reception area with business office and waiting room
- Sterilization and lab areas, staff/break room w/lockers
- Dentech Dental software – Server and 9 workstations
- Physical assets valued at $1,000,000
- Goodwill – Owners will stay on as salaried employees for 2 years
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 is a half day, no weekends)
- 4 GP’s, 1 Periodontist, 1 Oral Surgeon, 2 Orthodontists, 2 Hygienists
- 14 FT staff members
- Average Monthly Collection thru October 2018 is $340,000
- Nets $1,000,000+ annually w/greater than 25% profit margin
- Annual Collections for:
- 2017 $4,054,039 ($1,060,858 net income) 26.17% profit
- 2016 $4,211,454 ($1,180,958 net income) 28.04% profit
- 2015 $4,152,236 ($1,020,416 net income) 24.58% profit
- 2014 $4,048,997 ($1,028,824 net income) 25.41% profit
- 2013 $4,027,957 ($1,033,389 net income) 25.79% profit
- 2012 $4,150,043
- Extraordinary 99.1% collection rate
- Approximate Accounts Receivable of $450,000 – due in 90 days (95% insurance reimbursement)
- Recession Proof Practice – 80% actual insurance revenue
- Averaged 300+ New Patients/month past 12 months
- Practice can pay for itself in six (6) years