Dental Practice #4296 – Grandiose Professional Bldg.
Tenafly, NJ. Mixed FFS/PPO, 15-year established general dentistry practice is located in a dazzling professional/medical building on the ground floor. Better yet is the fact that this centrally located commercial facility has gone condo and this particular unit has 400 sq. ft. of its total 1,600 sq. ft. rented out and collecting $1,377/month rent. The practice is being sold exclusively with its income-producing real estate. There is a current patient base of approximately 1,250 active patients, all of whom are either private paying or PPO. The practice also attracts many new patients because of its proximity to a famous hospital. This is a ground floor opportunity in a gorgeous, brown-brick 3-floor medical building. Open just 3 ½ days/week and working a total of only 15 hours/week. Three (3) fully equipped operatories, two (2) x-ray machines and nitrous setup in each operatory. Very rarely do you come across a dental practice (being offered with its real estate) in the affluent community of Tenafly for such overall value. Please call now for a private showing.
Physical Facilities:
• 1,200 sq. ft. (approximate) office. 1,600 total sq. ft. w/400 sq. ft. rented out
• Practice is being offered exclusively with its income-producing real estate
• Reception area and waiting room
• Sterilization and lab area, staff/break room
• Separate private doctor’s office
• 3 fully equipped operatories w/nitrous setup in each op
• 2 x-ray machines
• Softdent Dental software – Server and workstation
• Physical assets valued at $100,000
Practice Information:
• Mixed Fee for Service/PPO patient base
• Approximately 1,250 active patients (past 24 months)
• Open 3 ½ days/week
• M, R & F - 4:30 pm to 7:30 pm. Sat - 9:00 am to 3:00 pm
• 0 FT, 3 PT staff members
• First Quarter Collections (Jan. 2021, Feb. 2021, Mar. 2021) were $56,000
• Annual Collections for:
o 2020 $240,459
o 2019 $434,077
o 2018 $400,122
o 2017 $423,008
• Averaged 10 New Patients/month past 12 months
Price: Available
$275,000 Practice + $525,000 Real Estate/Condo = $800,000 Total
Contact us about this practice listing. Mention Listing #4296
