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How Much Is My Practice Worth?

January 12, 2019 Rebecca

Gem of a dental practice, within the “Gem City” of Quincy, IL!- SOLD

See for yourself why this is a Gem of a dental practice, within the Gem City of Quincy, IL! This highly desirable practice is situated within a standalone building and above all, features impeccable visibility.  Due to the inviting layout and excellent location, there is no chance you’ll find a better office, nor practice, in this idyllic city. First of all, the practice is so seamlessly ran, you’ll be making money from day one. Secondly, the loyal staff and devoted patient basis ensures tremendous goodwill within the practice. Finally, this prestigious location ensures convenience for your patients. Due to these reasons and more, it won’t be hard to discover why this is an opportunity of a lifetime! Even more details about this fantastic practice is included below:

  • Eight fully equipped (and certainly expansive) operatories
  • Likewise, all operatories are outfitted with upgraded equipment
  • Collections almost $1.1 million
  • Net to Doctor after loan payment nearly $200,000
  • Similarly, the adjusted EBITDA is over $100k
  • 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:

Patients

  • A Total of 7,948 Active Patients with another 46 New Patients a Month
  • Number of Hygiene Days/Week: 8-10
  • Approximate Number of Patients in Recall: 2,475
  • Patient Files in Office are By: Individual
  • Source of Patient Numbers: Practice Management Software
  • Number of New Patients During Recent Twelve Months: 555
  • Last Complete Chart Audit: Daily
  • Plans Accepted: All Plans Accepted
  • 47.4% of Patients Pay with Insurance, therefore the remaining 52.6% of patients pay with cash

PATIENT DEMOGRAPHICS

  • Male: 47.2%
  • Female: 52.8%
  • Ages 0-10: 5.0%
  • 11-20: 9.4%
  • 21-30: 13.4%
  • 31-40: 16.0%
  • 41-50: 15.0%
  • 51-60: 16.6%
  • 61-70: 12.8%
  • 71+: 11.8%

PRODUCTION SUMMARY BY CATEGORY

  • Diagnostic ………………… 21.0%
  • Preventive ………………… 13.9%
  • Restorative ……………….. 35.6%
  • Endodontics ……………… 1.6%
  • Periodontics ……………… 5.4%
  • Prosthodontics ………….. 7.2%
  • Implant …………………….. 1.3%
  • Fixed Prosth ……………… 1.8%
  • Oral Surgery ……………… 7.5%
  • Orthodontics ……………… 3.7%
  • Adjunct Service……….. 1.0%

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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