PRACTICE DESCRIPTION

Listing Description Take the next step in your career with this high-performing, patient-centered practice in sunny Panama City! With strong collections, low overhead, and a prime patient-to-dentist ratio, this practice offers an incredible foundation for long-term growth and profitability. Here’s what makes it the perfect fit: Why This Practice Stands Out – High Patient Demand: Serving approximately 6,500 patients per dentist within a 3-mile radius significantly above the industry standard of 2,000 to 1. – Proven Hygiene Revenue: Hygiene services generate 20% of collections in 2024 and 22% in 2023, meeting and exceeding industry norms. – Desirable Location: Located in Panama City, FL, with a steady, growing patient flow in an attractive area that’s great for building relationships and establishing roots. Strong Financials with Room for Growth Net Collections: – July 1st, 2023 through June 31st, 2024: $896,515 – 2023: $902,896 – 2022: $709,497 Profit & Overhead: – Overhead: 44.44% – Profit: 55.56% – This practice takes home $419,731 after debt service This stable cash flow and manageable overhead give you financial freedom to invest in expanding services or optimizing operations to suit your style of practice. Your Patient Base Awaits – Active Patients: 1,358 in the past 24 months, averaging ~43 new patients monthly – Payor Mix: – 60% PPO – 32% FFS – 8% HMO Additional Practice Highlights – Efficient Operations: Streamlined collections and A/R with essential equipment, allowing you the flexibility to add equipment as needed to match your vision. This is the perfect setup for a dentist ready to step into ownership without the hassle of building a patient base from scratch. Reach out today to learn how this established practice can become the foundation of your future in Panama City! Asking Price: $712,000