DENTAL PRACTICE FOR SALE (#735)

LOCATION:                 Queens, NY (Jamaica)….Close to bus and subway lines. Busy hub area.  Surrounded by residential buildings.                                             

HISTORY:                    Established in 1988.  The practice was moved to this current location in 2015.  These owners purchased the practice in 2018, and now want to move up to the suburbs.  The owner does dentistry only 1 day per week.  The new owner can run it with associates or work there FT to take it to the next level.

STAFF:                         1 PT Office Manager, 2 FT Billers, 1 FT Hygienist, 3 FT DA’s, 2 PT DA’s, 6 PT GPs comprising 10 man days of dentistry per week. One owner works 1 day per week at the office.

OFFICE:                       Modern and beautiful storefront/apartment building, 2300 square feet, 7 operatories, sterilization area, panoramic area, lab, private business office, private Drs. office, waiting room, reception area, and 2 bathrooms.                       

RENT:                          Rent is $9,700 per month (includes electricity and 2 parking spots for Drs.).  The lease expires in October 2028.  The landlord is eager to give a lease extension.

FINANCIAL:                 2024 Gross income $1.6M, with a net income $670K (owner plus associates comp)

 FEES:                           Mostly PPO’s and unions, also 35% of the practice is Government Plans

 OFFICE HOURS:          This is basically an absentee practice with 2 GP associates at the office most days.

                                    Mon. – Thurs.                10:00-6:00

                                    Fri.                               10:00-1:00

                                    Sat.                                 9:00-3:00                       

PATIENT LOAD:          80-90 dental patients per week, 80 hygiene patients per week, 40 new patients per month

EQUIPMENT:               The dental units are 17 years old.  There are 6 cavitrons, 2 autoclaves,

5 x-ray machines, Shick digital x-ray, with 2 sensors, VaTech CBCT machine, and a digital panoramic x-ray machine.  The computer runs on Dentrix and is networked thru out the office.

OTHER DATA:             Major gentrification happening in this area.  Be the dental office for the future for the up and coming residents.  Great opportunity to get into a very busy practice and make a very nice living. 

ASKING PRICE:           $1.1M 

NOTE:                          The above data is an overview of this practice.  All information should be double checked for accuracy.

FOR MORE INFORMATION CONTACT:                                                          Mark Epstein

EPSTEIN PRACTICE BROKERAGE, LLC                                                     973-744-4747