Dental Practice Sale: Dr. Ryan DiQuattro, DMD 2260 W. Broadway Rd.
704 S Meadow St. Payson, AZ 85541. 1,920 Square Feet. All Digital. Mature Practice. Strong Hygiene. Consistant Production Table of Contents I. Business Highlights II. Practice Summary III. Financials IV. Equipment Appraisel V. UCR Fee Schedule VI. Photos VII. Demographics VIII. Confidentiality Agreement Matt Porter, MBA Principal 480.290.7720 office matt@
Business Highlights Business Name Business Address 704 S Meadow St. Payson, AZ 85541 Sales Price Highlights $745,000 Mature, established practice All digital Strong hygiene department $350k+ personal income after debt service Consistent annual production levels Leased Premises Details Size 1,920SF Improvements Six (6) operatories equipped, 7 plumbed Reception area Lab Dr. office Two (2) restrooms, 1 for employees, 1 for patients Kitchen Lease Expiration Lease Extension Option Lease Rate November, 2015 Year to year renewals. Real estate available for purchase $13.75 PSF NNN
Business Highlights Personal Dentist s Name/Degree Dr. Ryan DiQuattro, General Dentist Years in this Location 30 Years How Long Has Seller Owned Practice? 5 Years Plans After Sale of Practice; Transition Period Move to Scottsdale; flexible timing to transition Internal & External Marketing Methods The office has an internal marketing protocol in place and some of the methods Include: Mailer reminders Radio Website Consultants Used in Last 2 Years Started with Fortune Management doing Hygiene Mastery program with Angie Alba in 2015
Procedure Coding
Practice Summary Business Overview - Patients and Collections Number of Unique Patients Seen in Past 12 Months The office has seen a total of +/- 2,400 unique patients. Average New Patients Per Month In 2014, the practice averaged 15 new patients per month Type of Patient Base 60% Fee for service; 40% PPO 2014 Collections: $964,879 2013 Collections: $948,993 2012 Collections: $900,118 How Has Current Year Gross Changed Compared to Prior Year? Gross has steadily increased in the past 3 years Major Insurance Plans Accepted: Most PPOs, No HMO or AHCCCS
Practice Summary Business Overview Practice Hours Monday: Tuesday Wednesday: Thursday: Friday: Saturday: 8:00 AM - 1:00 PM, 2:00 PM - 5:00 PM 8:00 AM - 1:00 PM, 2:00 PM - 5:00 PM 8:00 AM - 1:00 PM, 2:00 PM - 5:00 PM 8:00 AM - 1:00 PM, 2:00 PM - 5:00 PM Clinical Hours Worked by Doctor: 32 Hours / Week Type of Computer System Dental management software: Dentrix Collections by Source (2014): Cash/Check/CC: $584,335 Insurance: $343,367 Care Credit: $37,177
Practice Summary Staff Profile Title Name Salary/Commission Length at practice Assistant Rikki Cadwell $ 14.00 / Hour Assistant Sami Shover $ 16.00 / Hour Hygiene Coordinator Valorie $ 11.00 / Hour Hygienist Melleny Magill $ 57.50 / Hour Hygienist Gaylee $ 40.00 / Hour (part time from the valley) Office Manager Jo Bolt $ 21.75 / Hour Front Office Gail Brill $ 19.00 / Hour Vacation Policy Paid vacation Sick Time Policy Paid sick time Paid Holidays No Does your Spouse Receive Salary from the Office? Yes; $13,000 per year Is the Staff on an Incentive Program? Yes, based on production Do any Employees Receive Health Insurance Benefits? No
Financials
Financials
Equipment Appraisal Equipment Appraisal Available Upon Request
UCR Fee Schedule UCRs Available Upon Request
Photos
Photos
Photos
Photos
Traffic Count 2260 W. Broadway Rd. Demographics
Demographics 1 Mile Radius
Demographics 3 Mile Radius
Demographics 5 Mile Radius
20 ns om Confidentiality Agreement Menlo Dental Transitions, LLC ( Broker ) may permit Purchaser to have access to Broker s clients ( Seller s ) patient files, tax returns, appointment books, accounting/office records, personnel files, financial data, operating data, and other information necessary to understand Seller s practice ( Seller s Confidential Information ) so that Purchaser may conduct a due diligence investigation. Visits to the Seller s office are made by pre-arranged appointment ONLY. Prospective Buyers shall not directly contact, negotiate with respect to, or discuss with any such seller or employer an offer without the prior written consent of Menlo Dental Transitions, LLC. The information regarding practice opportunities is proprietary and confidential in nature. The information is being supplied to the practitioner(s) signed below for the express purpose of evaluating practice opportunities for possible purchase and is to be protected from any form of publication or reproduction. Unless otherwise specified in writing, all material shared is to be considered confidential, proprietary and/or trade secrets and shall be kept strictly confidential. Purchaser may permit Seller, at Purchaser s option, to have access to Purchaser s tax returns and other financial information ( Purchaser s Confidential Information ), to permit Seller to conduct a due diligence investigation with respect to Purchaser s credit. Nothing in this agreement requires either party to furnish any information. However the parties expressly agree that any Seller s Confidential Information or Purchaser s Confidential Information (together Confidential Information ) which is furnished or otherwise obtained is confidential. Buyer agrees to share the information with professional advisors and spouse only, and agrees to respect the fact that Seller s desire that the fact that their practice is for sale be kept confidential from the Seller s staff and patients and the dental community at large. Neither party shall not copy or in any way reproduce the information without the express written consent of the other party. The parties will hold Confidential Information confidential, and will not disclose it to any person other than their attorneys, brokers, and accountants. Careless or neglectful handling of this information or material could result in liability for all parties involved. Each party agrees to indemnify and hold the other harmless against any loss that may be occasioned by a breach, intentional or unintentional, of this Agreement. All parties (including but not limited to Buyer, Seller or any consultant engaged by Seller or Buyer) agree to indemnify Menlo Dental Transitions, LLC and hold it harmless for any actions related to disclosure or dissemination of information, as well as indemnify Menlo Dental Transitions from any errors, omissions or misrepresentation associated with information that is provided. If this Agreement becomes the subject of dispute or litigation to resolve a claim or breach or default in performance or dispute in interpretation, by either party; the party who is determined to be in default or in any way in breach, shall pay the attorneys fees, expert witness fee, expenses and costs of the other party. The provision of this paragraph shall be enforceable even in the event when litigation does not actually occur but attorneys are retained in order to resolve a dispute. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT LISTING AGENT FOR MORE DETAILS. UNDER NO CIRCUMSTANCE SHALL THE DENTAL OFFICE, DENTIST, OR STAFF BE CONTACTED DIRECTLY.