Dental Practice In Manhattan For Sale

Description

General dentistry practice in Midtown Manhattan, about one block from Grand Central.

The practice has been at this location for around 20 years. The owner is a periodontist but currently does mostly general dentistry. About 20% of patients receive specialty treatment.

The seller is willing to continue providing periodontal services after the practice is sold.

Office

• Size: approximately 1,000 sq ft
• Rent: $6,200 per month
• Lease: 8 years, stated as transferable
• Reception and waiting area
• Sterilization and lab area
• Private doctor’s office
• Recently renovated electrical and plumbing

Equipment

• 4 equipped operatories
• 4 digital X-ray units
• Prexion CBCT
• i-Tero scanner
• Millenium Laser
• Sirona Prime Scan
• Milling machine
• Romni implant locator
• Electric handpieces
• Dentrix Dental software
• Server and 7 workstations
• Physical assets: valued at approximately $300,000

Patients and Schedule

• Active patients: approximately 1,074 during the prior 24 months
• Primarily fee-for-service patients
• Average new patients: about 8 per month during the prior 12 months
• Practice open approximately 3¼ days per week

Regular hours are Monday through Wednesday from 7:30 am to 6:00 pm. The office also opens one Sunday per month from 9:00 am to 4:00 pm.

Staff

• 2 full-time employees
• 1 part-time employee
• Hygienist included in the staff count

Collections

• 2019: $1,026,423
• 2020: $702,961
• 2021: $617,291
• 2022: $596,465
• January–May 2023: $270,978
• 2023: $650,000 projected in the original listing

Sale

• Asking price: $450,000
• Accounts receivable not included
• Seller available to continue periodontal work after the sale