Listing ID: 69916
Dentists looking to open your first location or expand into a second location, this dental practice business is for you! Located in a busy, prominent part of Louisville, this practice has a history of strong financial performance and patient retention. Patients at this practice are cared for by one tenured dentist and one dental assistant, with temporary dental hygienists from a temp agency also utilized. All equipment is either new or well-maintained and annually serviced, allowing the practice to operate at a highly efficient level. In terms of insurance, this practice is in-network for all major carriers. These factors combine to create a great dental practice that retains nearly 1,500 recurring patients.
- Asking Price: $350,000
- Cash Flow: $134,657
- Gross Revenue: $440,448
- EBITDA: N/A
- FF&E: $130,184
- Inventory: N/A
- Inventory Included: N/A
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The practice is operated out of a 1,400 square foot space on a highly trafficked street in Louisville. It includes two exam rooms, one dentist office, a large back office / storage room, and a large front desk / waiting room area.
Will train for 4 weeks @ $0 cost. Services include General Dentistry, Restorative Dentistry, Cosmetic Dentistry, and Pediatric Dentistry.
The owner is planning to retire upon exiting the business.
Competition is high in the Louisville market, as there are many dental practices throughout the city. In close proximity to this practice, there are a handful of other small practices. However, this practice does have longer hours than most other dental practices in the area.
While the practice has seen strong growth in recent years, there is room for further growth and expansion in the current location. One option would be bringing another dentist into the practice. A second possibility for practice growth is opening up Saturday appointments.
The business was started in 2009, making the business 13 years old.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people resolve to sell operating businesses. Nonetheless, the genuine factor and the one they tell you might be 2 absolutely different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these might just be excuses to try to hide the reality of transforming demographics, increased competition, current decrease in earnings, or an array of other reasons. This is why it is extremely essential that you not depend absolutely on a seller's word, however instead, utilize the seller's response along with your general due diligence. This will repaint an extra realistic image of the business's present scenario.
Existing Debts and Future Obligations
If the existing company is in debt, which numerous businesses are, then you will certainly have reason to consider this when valuating/preparing your offer. Numerous businesses take out loans so as to cover things such as stock, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can mean that earnings margins are too small. Numerous businesses fall into a revolving door of taking on debt as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with vendors that should be fulfilled or might lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in new customers? Most times, companies have repeat customers, which develop the core of their day-to-day profits. Particular variables such as new competitors sprouting up around the area, road construction, and also personnel turn over can influence repeat clients as well as adversely influence future earnings. One essential thing to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the opportunity to construct a returning customer base. A final thought is the basic location demographics. Is the business located in a largely populated city, or is it situated on the edge of town? Just how might the regional median household earnings effect future revenue potential?