Denton County Orthodontic Practice for Sale (2 Locations) – UNDER LOI

NEW LISTING –
Well-established orthodontic practice available for immediate purchase.  Practice has two locations. Location 1 is in a new high-visibility retail center and Location 2 is in a small professional building. Seller is retiring and will provide transition.
Physical facilities:
Location 1

1,850 sq. ft. (approximate) office – new build out as of March 2022
Leased is currently $4,750 per month, including NNN charges
Ortho bay with 4 chairs and units, plus one (1) exam room with chair
Planmeca digital pan/ceph x-ray (new in 2022), iTero Element intra oral scanner
Reception area, separate business office,
Lab & sterilization areas, Panoramic X-ray area and a staff/break area

Location 2

1,500 sq. ft. (approximate) office
Lease is currently $2,500 per month, including NNN charges
Ortho bay with 3 chairs and units, plus three (3) exam areas w/ chairs
Planmeca digital pan/ceph x-ray
Reception area, Arcade room, Sterilization area, Business office, Staff/break area

Dolphin ortho software – 12 total computer workstations and 5 laptop computers
Combined physical assets valued at $332,194
Practice information:

All Fee for Service patient base
Approx. Contracts Receivable of $378,645 – as of June 2, 2023
Approx. 74 treatment starts in 2023 as of June 2, 2023
Practice sees patients 3 days in most weeks (Mon. to Wed)
Staff: 1 Treatment Coord/Ofc Mgr, 1 Fin Coord, 4 Ortho Assistants
Annualized monthly collection average through May 2023 is $68,140

Annual Collections for

2023   $806,671 (annualized)
2022   $842,101 (annualized for relocation)
2020   $770,177
2019   $1,050,481 (annualized for COVID)

Price:
$699,000

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