RD01523 Margate, FL

$185,000

Unlisted

Margate, FL

General practice

3 operatories

1000 sq. ft.

$416,944 in annual collections

Listed by Doctor's Choice Practice Transitions

Practice in Margate located in a busy plaza.

This practice has a lot of potentials. The seller has been at this location for 15 years, and the practice for around 19 years.

The demographics for the area are good, the practice has low overhead and great staff. The office manager and the rest of the team have been working there for over 10 years, and the practice is running on cruise control.

The seller doesn’t work clinically at the practice and is always overseas. After having to change the associate again in 2022 and seeing a drop in the collections due to that change, the seller decided to list the practice.

This is a great location and opportunity for a dentist that will buy it as their primary location. No markeing is being done. They are referring out complicated Endo cases, Implant cases, Ortho, and impacted molars.

The rent is around $2,780 per month, the practice is around 1,000 SQFT, and has 3x Ops.

The insurance breakdown is around 70% PPO/FFS, and they see around 30% of Medicaid/Medicare, but we did lower their evaluation due to these percentages.

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