#4301 – New York Perio Practice

Kings County, NY. Mixed FFS/PPO, well established perio practice offers a massive 2,200 square feet of office space with an additional 500 square feet of basement storage. Projected to gross $1,160,000 for 2021 working just 2 ½ days/week. Ideally located across from Kings Plaza Mall, you can work out a very reasonable lease or purchase this prime real estate at fair market value. Six (6) fully equipped operatories (with room for 2 more), six (6) digital x-ray machines, Sirona CT scan machine, PerioLase Millennium laser, three (3) implant motors, electric handpieces, etc. Three part-time hygienists on staff. Lots of goodwill here as the seller (periodontist) is willing to stay on for up to 12 months for a perfectly smooth transition.

Physical Facilities:
2,200 sq. ft. (approximate) office w/500 sq. ft. additional storage space
$3,600/month rent or purchase condo for $799,000
Reception area and waiting room
Sterilization and lab area, staff/break room
Separate private doctor’s office
6 fully equipped operatories with room for two more ops
6 digital x-ray machines, 3 implant motors, electric handpieces
Sirona CT scan machine, PerioLase Millennium laser
Dentrix Dental software – Server and 10 workstations
Physical assets valued at $450,000

Practice Information:
Mixed Fee for Service/PPO patient base
Approximately 1,000 active patients (past 24 months)
Open 2 ½ days/week
Tuesday – 8:00 am to 6:00 pm. Every other Wednesday – 8:00 am to 5:00 pm. Two Saturdays per month – 8:00 am to 2:00 pm
1 FT, 6 PT staff member (includes 3 hygienists)
First Quarter Collections (Jan. 2021, Feb. 2021, Mar. 2021) were $290,000
April 2021 Collections were $90,000 / May 2021 Collections were $100,000
2021 Projected Collections is $1,160,000
Annual Collections for:
2020 $823,252
2019 $896,237
2018 $815,540
2017 $721,045
Averaged 15 New Patients/month past 12 months
Price:
$615,000 (exclusive of accounts receivable)