PRACTICE DESCRIPTION

Established orthodontic practice available for immediate purchase in Southwest Houston.  Located in a single-story updated commercial condominium within an active professional complex.  Modern, clean and spacious office with updated technology and strong contracts receivables.  3D printing done in-house.  Seller is moving but will assist with a transition. Physical facilities: 2,055 sq. ft. (approximate) office in commercial condominium Monthly base rent Is $4,000 + ~$400 NNN. Lease expires 09/30/2027 One (1) ortho bay with four (4) dental chairs and units Two (2) consult rooms with dental chair Reception area, business office for 2 staff members and records room, 3D panoramic x-ray area, 3D printing/storage areas Sterilization and lab area, staff/break area and private doctor’s office Morita Veraviewepocs CBCT X-550 x-ray, iTero Element intra-oral scanner, Sprint Ray 3D printer and ProCure Orthotrac practice software – Dell PowerEdge server w/ 5 workstations Physical assets valued at $176,000 Practice information: Mostly PPO Insurance/Some Fee for Service patient base Contracts Receivable of $315,022.17 – as of March 19, 2024 ~25% aligners/~75% traditional bands and brackets Invisalign and Brava by Brius aligner systems used Approx. 239 New Patient Exams from Jan 2022 – Dec 2023 (24 months) Office sees patients ~9 days/month, including 1 Friday/month Staff member(s) present M-Th (9-5pm) & Fridays (9-1pm) on non-patient days Staff: 1 Ofc Manager, 1 Front, 1 Ortho Assistant 12-Month collection average through Dec 31, 2023 is $35,545 Annual Collections for 2023  $426,538 2022  $428,906 2021   $463,282 Price: $378,000   Exclusive of Accounts Receivable