$2.8M Gross with 6X Rapid Incredible Increase (Fairfield County, CT)

$2.8M Gross with 6X Rapid Incredible Increase (Fairfield County, CT)
This practice is 25 years old and was purchased in August 2023 when it was grossing $465k.  In 10 months, gross collections are exceeding $2.8M.  Seller has done 6X of prior collections projected to 1 year.  Monthly lease amount is $4k for 1,600 square feet with 5 operatories and room for more.  At least 95 new patients per month.  Facility is beautiful with all modern equipment.  Open just 3 days per week with an associate and 2 hygienists.  15% PPO, 70% fee for service, 15% mixed insurances.  Most orthodontics referred out.  Seller does a fair amount of advertising, Computerized with digital x-rays & catscan.  Staff consists of 3 dentists, 2 associates, 3 assistants and 1 front desk.  There is rental income from a 1 day a week sublet of $1,500 a month.  This makes the net monthly rent under $3k, so there is a great opportunity in purchasing this office for all this space in a class A building on a major road.  Current fees:  crown $1,492, full mouth x-ray $159, 1 surface composite $206.  Seller feels he is entitled to a decent profit since he grew the practice so large that it is worth selling.  Doctor & staff will be happy to stay on to assist in the transition.  KBmt85ctCC