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High-grossing practice in excellent location!
26 Sep, 2018
South Houston, TX
Price:
$1,291,000
Status Type:
Sold
Practice Type:
General
Opportunity Type:
Practice for Sale
Transition Type:
Sell Practice and Associate
Region:
Houston and Suburbs
City or Advertised Area:
South of Houston
Listing Reference Number:
1599
Annual Collections:
$1,533,350
Asking Price:
$1,291,000
Office Space (square feet):
3364
Equipped Operatories (#):
7
Active Patients (#):
13856
Cash:
10%
PPO:
40%
Medicaid:
50%
High grossing general practice in an excellent location South of Houston! Established in 1991 and relocated in 1994, this fantastic practice has a total of SEVEN operatories in an expandable free-standing building that is also for sale.
With an impressive 13,856 active patients over the last eighteen months, this practice averages 55 new patients per month. The payment breakdown is 40% PPO, 50% Medicaid, and 10% fee for service with yearly collections averaging in excess of $1,400,000. The selling dentist in this well-maintained practice is willing to work back in the practice for 36 months to offer guidance to the new owner and ensure a successful transition.
