Office For Sale

Status: EXPIRED
ID: 3792
SUCCESSFUL for 50+ years!

OFFICE

FOR SALE

Austin, TX 78758
Posted March 12, 2018
Contact info
Tom B. Bednorz
classified listing
Description
Galleria area practice that has been run by the same doctor for over 50 years. The doctor is looking to retire but his hygenist and front desk who have been in the practice for over 30 years will stay after the transition. The practice has paper charts, film x rays, and dated technology. The practice is 85% insurance driven and 15% cash driven and collected $600,000 each of the past 2 years and is taking home approximately $200K. Hygiene is over 40% of collections. Due to paper charts the vast majority of information we have for underwriting is via insurance billing information and PandL/tax returns. The opportunity here is to get a practice with a large, loyal, wealthy, active patient base with a significant amount of undiagnosed treatment. The challenge on this practice is that you will most likely want to reinvest in technology, and will not have practice management software reports to use to underwrite the deal. Quick Numbers: Collections: 2014 - $665K 2015 - $660K 2016 - $605K 2017 YTD thru June $310K Annualized $620K For more information, email: