Dental Practice #4298 – Modern & Stately

Basking Ridge, NJ. Ideally located in the center of town and across from the train station is this drop-dead gorgeous general dentistry practice. Not only is this a premium location with train and bus service to and from New York City, but this is also a ground floor opportunity in a contemporary and impressive professional building with a 17-year reputation. The numbers you see below are from one dentist operating just two days/week (Friday & Saturday) and an oral surgeon coming in once a month. Fully digital facility, 70% fee for service and 30% insurance. With a projected 2021 gross of $932,000, this dental practice is priced to sell. Three (3) fully equipped operatories, three (3) digital x-ray machines, one (1) digital pan/ceph unit, laser, etc. In addition to the 1,000 square feet of office space, there is an additional 500 square feet of storage space. Rent is $3,300/month with the current lease good thru April 30, 2026. Seller will help with a smooth transition and also offer his built-in marketing system as part of the sale. This is a very impressive and well-managed family and cosmetic dental practice. Please call now for a private showing.                   

Physical Facilities:

·    1,000 sq. ft. (approximate) office w/500 sq. ft. of storage space

·    $3,300/month rent; 5-year transferrable lease

·    Reception area and waiting room

·    Sterilization and lab area, staff/break room

·    Separate private doctor’s office

·    3 fully equipped operatories

·    3 digital x-ray machines, 1 digital pan/ceph, laser

·    Dentrix Dental software – Server and 6 workstations

·    Physical assets valued at $180,000

Practice Information:

·    70% Fee for Service/30% insurance patient base

·    Approximately 1,200 active patients (past 24 months)

·    Open 2 days/week

·    Friday - 8:00 am to 5:00 pm. Saturday - 8:00 am to 3:00 pm

·    0 FT, 3 PT staff members

·    First Quarter Collections (Jan. 2021, Feb. 2021, Mar. 2021) were $233,000

·    Annual Collections for:

o  2020  $624,173

o  2019  $734,652

o  2018  $546,301

o  2017  $696,596

·    Averaged 22 New Patients/month past 12 months

Price:  Available

$605,000 Exclusive of Accounts Receivable

Contact us about this practice listing. Mention Listing #4298