THE PRACTICE TRANSITIONS NEWS-Mobile Version Spring forward edition The Practice Transition News Mobile version is a quick information post from Mike Apalucci-Transition Consultant Henry Schein Professional Practice Transitions. Farewell to SNOW in New York????? Winter continues to keep everyone on their toes as we navigate through March 2014. As dental professionals, everyone should also stay aware of the trends associated with Practice Sales and Transitions. Here are some quick reminders to get your daylight savings off to a great start. TAX Time-Final reminders: Each year the IRS adjusts certain tax numbers for inflation and tax law changes. Here are some of the general adjusted numbers youll need for your 2014 tax planning if you havent started yet. · STANDARD MILEAGE RATE for business driving drops to 56¢ a mile. Rate for medical and moving mileage drops to 23.5¢ a mile. Rate for charitable driving remains at 14¢ a mile. · SECTION 179 maximum deduction decreases to $25,000, with a phase-out threshold of $200,000. (Legislation may reinstate the 2013 deduction amount of $500,000, with a $2,000,000 purchase limit.) · SOCIAL SECURITY taxable wage limit increases to $117,000. Retirees under full retirement age can earn up to $15,480 without losing benefits. · KIDDIE TAX threshold remains at $2,000 and applies up to age 19 (up to age 24 for full-time students). · NANNY TAX threshold increases to $1,900. · HSA CONTRIBUTION limit increases to $3,300 for individuals and to $6,550 for families. An additional $1,000 may be contributed by those 55 or older. · 401(k) maximum salary deferral remains at $17,500 ($23,000 for 50 and older). · SIMPLE maximum salary deferral remains at $12,000 ($14,500 for 50 and older). · IRA contribution limit remains at $5,500 ($6,500 for 50 and older). · ESTATE TAX top rate remains at 40%, and the exemption amount increases to $5,340,000. · The ANNUAL GIFT TAX EXCLUSION remains at $14,000. · ADOPTION TAX CREDIT for adoption of an eligible child in 2014 is $13,190. (thanks to John Cataldo, Dental CPA, for the update) CONGRATULATIONS TO HENRY SCHEIN which has been ranked #1 in the Wholesale / Health Care industry on the 2014 FORTUNE® World’s Most Admired Companies list. This marks the 13th consecutive year that Henry Schein has been named a FORTUNE World’s Most Admired company. The Greater Long Island Dental Meeting will be here soon: April 8th and 9th Hilton Hotel 598 Broadhollow Rd (Route 110) Melville, NY Plan now to attend and please stop by and say hello! Henry Schein Professional Practice Transitions-BOOTH # 32 Introducing our New Practice Listing of the week in Suffolk County, Long Island: An amazing part-time Perio Practice grossing $475,000 Magnificently stylish, 4 operatory periodontal office (2 equipped) in medical complex. 1200 square foot impeccable office in exclusive zip code. Paperless office includes Dentrix with Panorex 3D capable. Fee for Service with some PPO. Great for a solo practitioner or multiple specialties. Listing code: NY 134 Contact: Mike Apalucci 718-213-3896 michael.apalucci@henryschein HENRY SCHEIN PPT- “FOCUS ON 4” PRACTICES OF THE WEEK-NEW YORK · Westchester Endo Practice for Sale. 313,000 gross......Location-Location-Location! Established 10 years at a terrific location and area of Westchester. 2 high end digital operatories with room for expansion for 1 or 2 additional treatment rooms. Beautiful corner office, with large windows, occupying 1440 square feet and equipped with the latest technology. Ample free parking and close to major highways. Very reliable staff willing to continue with new owner. An immediate opportunity also for Start-up candidates who want to be in this great area and start with patients as well. Also, Specialist and General practitioners looking for 2nd practice opportunities or locations. Listing Code: NY 124 Contact: Mike Apalucci at 718-213-9386 or michael.apalucci@henryschein · Queens NY Dental Practice for Sale. 400,000 gross......The practice is jumping! This is a great street- front office in an excellent location - a very nice, busy section of Jamaica. 2000 square feet with 4 ops and an extremely active patient base. Digital, Insurance driven practice. Doctor is relocating to North Carolina and has a full time associate in place and available as needed. Prepared to close and transition in the Spring. Listing Code: NY 119 Contact: Mike Apalucci at 718-213-9386 or michael.apalucci@henryschein · Brooklyn Part-time Practice for Sale. 339,000 gross......Strong 2013 Results! PPO based practice running part-time with 6 ops (5 equipped) in the Canarsie section of Brooklyn. Practice is 3 blocks from the subway and has a bus stop outside the office. Free parking for patients. Doctor is actively accepting new patients, and gross revenue improved between $400k- $500k in 2013. Doctor is ready to retire and move out of NY area. Listing Code: NY 110 Contact: Mike Apalucci at 718-213-9386 or michael.apalucci@henryschein · Queens 2 days a week General Practice for Sale. 179,000 gross... available immediately! Pleasant office in an excellent building location, right in the heart Jamaica Park, Queens. PPO based practice drives gross revenues of $179,000 for just 2 practice days per week using 3 ops. Doctor is relocating to Vermont to associate with another practice, and eventually retirement this summer. Listing Code: NY103 Contact: Mike Apalucci at 718-213-9386 or michael.apalucci@henryschein SEE THE FULL HENRY SCHEIN PPT NEW YORK LISTINGS BELOW.... NEW LISTING County or City: SUFFOLK COUNTY Practice Type: PERIO Gross Revenue: $475,000 Magnificently stylish, 4 operatory periodontal office (2 equipped) in medical complex. 1200 square foot impeccable office in exclusive zip code. Paperless office includes Dentrix with Panorex 3D capable. Fee for Service with some PPO. Great for a solo practitioner or multiple specialties. Contact: Mike Apalucci 718-213-3896 michael.apalucci@henryschein Listing Code: NY 134 -------------------------------------------------------------------------------- NEW LISTING County or City: ERIE COUNTY Practice Type: GENERAL Gross Revenue: $715,591 New construction occupying 1800 s/f. Single Doctor practice, great location with ample parking, close to major highways and highly visible. 5 operatory office, 2900 active patients, newly equipped with the latest technology. Very reliable dedicated staff. Selling doctor is looking to retire. Listing Code: NY 133 -------------------------------------------------------------------------------- NEW LISTING County or City: SYRACUSE Practice Type: GENERAL Gross Revenue: $432,000 Syracuse University Practice. 2800 s/f condo for sale as well. 5 operatories with 4 equipped-2 plumbed. Busy medical building with parking attached. Owner will stay on to work 2-3 days. Listing Code: NY 132 -------------------------------------------------------------------------------- County or City: WESTCHESTER COUNTY-NOW AVAILABLE Practice Type: ENDODONTIC Gross Revenue: $313,000 Established 10 years at the current location. There are 2 operatories with room for one or two additional treatment rooms. Beautiful corner office, with large windows, occupying 1440 square feet and equipped with the latest technology. Ample parking and close to major highways. Very reliable staff willing to continue with new owner. Contact: Mike Apalucci 718-213-9386 or michael.apalucci@henryschein Listing Code: NY 124 -------------------------------------------------------------------------------- County or City: Westchester-SOLD Practice Type: GENERAL Gross Revenue: $111,000 Fee for Service practice in quaint town! The Doctor is retiring and currently works part time hours. The practice is located in a street front condo with free patient parking. All higher end procedures, endo, ortho, oral surgery referred out. Thirty miles outside of NYC! Contact: Michael Apalucci 718-213-9386 michael.apalucci@henryschein Listing Code: NY 122 -------------------------------------------------------------------------------- County or City: Finger Lake Region Practice Type: General Practice Gross Revenue: $963,418 Located in the heart of NYs Finger Lakes Region, this standalone general practice has been operating 26 years at present location. Generating $963,000 gross receipts with 1,700 active patients. 2,000 SF, 6 ops, friendly seasoned staff, retiring doctor. Real Estate for sale as well. Listing Code: NY 121 -------------------------------------------------------------------------------- County or City: ROCKLAND COUNTY Practice Type: ENDO Gross Revenue: $132,000 Small, friendly, endo practice with 2 operatories. Located in a well-established, professional office building. Doctor is working part time and is ready to retire by the end of 2013. Contact: Mike Apalucci 718-213-9386 michael.apalucci@henryschein Listing Code: NY 123 -------------------------------------------------------------------------------- County or City: QUEENS-NOW AVAILABLE Practice Type: GENERAL Gross Revenue: $400,000 2000 sq. ft. street level office. Office features 4 ops and a strong active patient base. Insurance driven practice is fully digital with a panographic x-ray. Doctor is relocating to North Carolina full time, and is prepared to close and transition quickly. Contact: Mike Apalucci 718-213-93866 michael.apalucci@henryschein Listing Code: NY 119 ------------------------------------------------------------------------------- County or City: Eastside of Syracuse Practice Type: GENERAL Gross Revenue: $944,816 New Patient Magnet! Suitable for single practitioner, add an associate for instant revenue, plenty of work for both....Attractive space, 3300 sq. ft- 3 year new construction, with a total of 8 operatories. Six in use- 2 plumbed. Great implant surgical suite. Sustaining gross receipts of $944,812 with adjusted NET INCOME (profit) of $423,852. Single practitioner working 4 days a week. Dentrix, digital, paperless. Located 15 minutes outside Syracuse, NY bordering upscale towns of Fayetteville/Manlius and Cazenovia, NY. Listing Code: NY 120 -------------------------------------------------------------------------------- County or City: CENTRAL NY HERKIMER COUNTY Practice Type: GENERAL Gross Revenue: $384,309 Central New York Herkimer County General Practice operated in present location for 30 years, 2400 sq. ft., 4 operatory office, and generating $381,309 in receipts with about 1,000 active patients, 22-33 hrs/ week work schedule. Selling doctor wishes to retire. This office is very clean and shows very well. Possible records only acquisition. Listing Code: NY 118 -------------------------------------------------------------------------------- County or City: Northern NY State Practice Type: GENERAL Gross Revenue: $366,441 Small but profitable fee for service practice located in northern NY state-close to water and mountain sports and recreation. Much of the office is recently remodeled. 3 Ops-Easy Dental- Dexis-Soft tissue laser With low overhead- this is an ideal location for a satellite practice. Listing Code: NY 117 -------------------------------------------------------------------------------- County or City: Wayne County Practice Type: GENERAL Gross Revenue: $296,668 Well established 30 year old practice located in Wayne County. 1,000 s/f with 4 operatories. This office runs Soft Dent with a great staff and limited insurance. 900+ active patients. Panorex, Intra Oral cameras. This office is located right in the middle of the town with walk by visibility. This office is very clean and shows very well. Owner Doctor wishes to retire...... Possible Records Only Sale as well Listing Code: NY 116 -------------------------------------------------------------------------------- County or City: Syracuse, NY Practice Type: GENERAL Gross Revenue: $784,325 Excellent practice operated by its present owner since 1977-great location, strong active patient base, Gross receipts $784,325 with Adjusted Net Income of $282,279 on 3.5 days. Dedicated office staff. Doctor wishes to retire. Listing Code: NY 112 -------------------------------------------------------------------------------- County or City: Mid- Suffolk, NY SOLD Practice Type: GENERAL Gross Revenue: $262,500 MUST SELL!!! No money down!! Dentists owned property allows for very flexible terms. One low monthly payment for practice purchase and lease. Any reasonable offer accepted. Perfect for starter practice or as a satellite office for established practitioner. 4 Operatories. Clean, bright office. Turn-key ready. Doctor changing careers. Wont last, need to move fast! Listing Code: NY 115 -------------------------------------------------------------------------------- County or City: Columbia County Practice Type: General Practice Gross Revenue: $200,000 Practices 3 operatories are easily expandable to 5 or more as this practice has ample space for expansion!! The buyer of this practice will be the only Doctor in town and will be located just 3 miles from a ski are. Many local golf courses and outdoor recreation opportunities. The selling Doctor has been an institution in the community for years and now seeks a qualified successor to take over his practice. Price reduction will be considered for a quick transition. Listing Code: NY 114 -------------------------------------------------------------------------------- County or City: Oswego County Practice Type: General Practice Gross Revenue: $630,270 BEAUTIFUL 2,500 SF busy productive single doctor practice. Retiring Doctor. 5 operatories, fully digital with up-to-date practice management system. About 2,000 active patients with experienced staff. Listing Code: NY 113 -------------------------------------------------------------------------------- County or City: Brooklyn-NOW AVAILABLE Practice Type: General Practice Gross Revenue: $340,000 PPO based practice running part-time with 6 ops, 5 equipped, in the Canarsie section of Brooklyn. Practice is 3 blocks from the subway and has a bus stop outside the office. Free parking for patients directly behind the practice entrance. Doctor is actively accepting new patients, and had the practice growth trending between $400k- $500k in 2013, but is retiring and relocating out of NY area. Contact: Mike Apalucci @ 718-213-9386 or michael.apalucci@henryschein Listing Code: NY 110 -------------------------------------------------------------------------------- SOLD County or City: Suffolk County Practice Type: General Gross Revenue: $700,000 Delightful, South Shore general practice with 4 ops. and a friendly, suburban patient base, loyal staff, and great location. Real Estate is also available if interested, including upstairs expansion or tenant zoned rental space. Doctor is ready to sell immediately and will be retiring. Contact Mike Apalucci at 718-213-9386 or michael.apalucci@henryschein Listing Code: NY 109 -------------------------------------------------------------------------------- County or City: Oneonta Practice Type: GENERAL Gross Revenue: $1,300,000 13 operatory practice in Oneonta, New York seeks buyer. This large practice boasts gross revenues in excess of 1.3 million dollars and is located in a building with an oral surgeon and periodontist. The building is owned by the selling doctor and is located on a busy street with plenty of visibility. The practice is bolstered by its proximity to both state and private colleges. This already large practice has room to grow! Listing Code: NY 105 _____________________________________________________________ County or City: CENTRAL NEW YORK Practice Type: GENERAL Gross Revenue: $522,686 Located in a college town in New Yorks Central Leather stocking region-the area has small town atmosphere but offers big city activities. With a real estate option-this fee for service practice is fully digital (Dexis-OP3-Dentrix)-has 4 Ops plus 1 additional room plumbed/wired and ready for expansion. Only a 45-60 minute drive to a number of larger metropolitan areas. Listing Code: NY 102 -------------------------------------------------------------------------------- County or City: Onondaga County Practice Type: General Practice Gross Revenue: $600,000 Reduced to $300,000. Income earning building also available in a growing community west side of Syracuse, NY. Digital, Eagle soft, paperless office. Highly trained staff, Doctor retiring. 4 great operatories. Listing Code: NY 101 -------------------------------------------------------------------------------- Mike Apalucci Transition Consultant The Snyder Group / Henry Schein Professional Practice Transitions 718-213-9386 cell / 800-988-5674 (ext. 163) 856-985-7428 (Region Fax) Michael.apalucci@henryschein This electronic message may contain legally privileged and/or confidential information and is intended only for the use of the person to whom it is addressed. If you are not the party to whom this message is addressed or an agent of addressee, you are hereby notified not to read, copy or distribute this message or the materials attached hereto without the prior written consent of the sender. 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Posted on: Mon, 10 Mar 2014 16:38:07 +0000
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