Dental Practice #4237 – Condo in Magnificent Bldg.

Pennington, NJ. Mixed FFS/PPO, this 40-year established general dentistry practice is in a magnificent brick professional building. Work out a great lease with the seller or own this 1,300 square foot condo and pay no rent. This is a ground floor opportunity in an upscale municipality bordered by Bucks County, PA, Princeton and Hunterdon Counties, NJ. Centrally located, just 61 miles from New York City, 53 miles from the Jersey shore and 33 miles from Philadelphia. No Medicaid, DMO’s or capitation plans. Rather, 57% private insurance/PPO patients and 43% cash patients. Four (4) plumbed operatories, three (3) fully equipped and three (3) digital x-ray machines. Two (2) general public hallway bathrooms and one (1) private office bathroom. Ortho, oral surgery, some endo and implant placement regularly referred out. 2,241 active patients and about 4 new patients/month. Seller will stay on to assure a smooth transition and will even work for you, if you like. If you are looking for a spectacular professional building that is centrally located and in business for more than four decades, look no further than Dental Practice 4237.          

Physical Facilities:

·    1,300 sq. ft. (approximate) office

·    Practice available with or without real estate

·    Reception area and waiting room, 3 total bathrooms

·    Sterilization and lab area, staff/break room

·    Separate private doctor’s office

·    4 plumbed operatories, 3 fully equipped

·    3 digital x-ray machines

·    Easy Dental software – Server and 4 workstations

·    Physical assets valued at $125,000

Practice Information:

·    Mixed Fee for Service/PPO patient base

·    Approximately 2,241 active patients (past 24 months)

·    Office open 4 to 5 days/week

·    Ground floor opportunity

·    4 PT staff members

·    Average Monthly Collection thru February 2020 is $24,500

·    Annual Collections for:

o  2019  $296,833

o  2018  $364,267

o  2017  $451,105

o  2016  $473,044

·    Averaged 4 New Patients/month past 12 months

Price:  Available

$195,000 Exclusive of Accounts Receivable

$295,000 Real Estate (OPTIONAL)

Contact us about this practice listing. Mention Listing #4237