New York, NY. This is a 2nd floor, 12-year established general dentistry practice with a unique lease agreement. While you pay $6,900/month to rent out 1,100 square feet of office space in this 2,350 square foot facility, you sublet the remaining 1,250 square feet to two chiropractors (each) paying you $2,500/month rent. Thus, netting you only $1,900/month in rent. Your 1,100 square feet of office space includes three (3) fully equipped operatories, three (3) digital x-ray machines and a digital pan. The only caveat is that you each share an oversized waiting room. Mixed FFS/PPO/DMO/Union/Medicaid, this practice accepts just about all insurances and also receives approximately $3,300/month in capitation checks. Oral surgery, perio surgery, pedodontics and orthodontics regularly referred out. The office is very clean and the equipment, albeit 12 years old, has been kept in like-new condition. If this opportunity sounds interesting to you, please call now for a private showing.

Physical Facilities:

  • 2,350 sq. ft. (approximate) facility. 1,100 sq. ft. dental office / 1,250 sq. ft. chiropractor’s office
  • Rent: $6,900/month. 3-years plus a 5-year option left on lease. Receive $5,000/month to sublet
  • Large shared waiting room and Reception area
  • Sterilization and lab area
  • Separate private doctor’s office
  • 3 fully equipped operatories
  • 3 digital x-ray machines, 1 digital panorex unit
  • Dentrix Dental software – Server and 5 workstations
  • Physical assets valued at $125,000

Practice Information:

  • Mixed FFS/PPO/DMO/Union/Medicaid patient base
  • Approximately 2000 active patients (past 24 months)
  • Open 6 days/week
  • M-F – 9:00 am to 6:00 pm, Sat – 8:00 am to 2:00 pm
  • 2 hygienists on staff
  • 3 FT, 6 PT staff members, includes 2 hygienists
  • First Quarter Collections (Jan. 2021, Feb. 2021, Mar. 2021) were 161,000
  • April 2021 Collections were 51,250. May 2021 Collections were 50,500
  • Annual Collections for:
    • 2020  $503,299
    • 2019  $681.921
    • 2018  $670,881
    • 2017  $627,202
  • Averaged 15 New Patients/month past 12 months

Price:

$450,000 (exclusive of accounts receivable)
Contact us about this practice listing. Mention Listing #4303
*All photos are generic until we qualify buyers. Information deemed reliable but not guaranteed.