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How Much Is My Practice Worth?

January 24, 2019 Rebecca

Expansive and Inviting Practice is Springfield, MO is on the Market

An expansive and inviting practice is Springfield, MO is on the market. Located in a standalone building and conveniently located in a busy intersection, this practice provides all the visibility you could ask for! Due to the already seamless processes in place and the outstanding reputation the practice holds, you’ll be making money from day one. With not only the longstanding staff and also, the loyal patient base, this practice has excellent goodwill!

Therefore, to learn even more details about this stunning classic practice to see if it is the right fit for you, please read more below:

  • 10 Fully Equipped (and certainly expansive) dental operatories
  • Likewise, all ops are highlighted with upgraded equipment
  • The average annual collections are almost $1.3 million
  • The net to doctor after loan payment is over $296,000
  • Therefore, the total valuation of the practice is $864,000
  • Of course, there is great growth opportunity with extended hours, offering more services in house and additional marketing efforts

Even more information about this most noteworthy practice included below for your review:

PATIENTS

  • 2200 Patients in Recall with another 79 new Patients a Month!
  • Number of Active Patients: 4,908
  • Number of Hygiene Days/Week: 8
  • Approximate Number of Patients in Recall: 2,200
  • Average Number of New Patients/Month: 79
  • Patient Files in Office are By: Individual
  • Source of Patient Numbers: Practice Management Software
  • Number of New Patients During Recent Twelve Months: 951
  • Last Complete Chart Audit: Daily
  • Plans Accepted: All Plans Accepted
  • 55.6% of Patients Pay with Insurance, therefore the remaining 44.4% of Patients Pay with Cash

PATIENT DEMOGRAPHICS

  • 52.2% of the Patients are Male, therefore the remaining 47.8% of Patients are Female
  • Ages 0-10: 3.6%
  • 11-20: 9.0%
  • 21-30: 17.6%
  • 31-40: 16.3%
  • 41-50: 15.4%
  • 51-60: 16.4%
  • 61-70: 14.1%
  • 71+: 7.6%

PRODUCTION SUMMARY BY CATEGORY

  • Diagnostic ………………… 13.1%
  • Preventive ………………… 7.2%
  • Restorative ……………….. 42.4%
  • Endodontics ……………… 7.7%
  • Periodontics ……………… 5.8%
  • Prosthodontics ………….. 5.3%
  • Implant …………………….. 0.1%
  • Fixed Prosth ……………… 8.1%
  • Oral Surgery ……………… 5.4%
  • Orthodontics ……………… 4.1%
  • Adjunct Service……….. 0.8%

At Last! It is time to CONTACT US:

This opportunity certainly won’t be available for long. For that reason, we recommend you contact us soon!

To learn even more about this undeniably incredible practice, please contact Kaile Vierstra with Professional Transition Strategies either by phone at 719.694.8320 or by email at kaile@professionaltransition.com.

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