Business Overview

This beautiful practice has loyal clients dating back to 1992 and is situated in a growing community with lots of potential for growth. They have stayed current with the times by leveraging modern marketing to secure new clients regularly and maintain over $400,000 in revenue annually. You won’t want to miss out on this established and growing practice.

Financial

  • Asking Price: $300,000
  • Cash Flow: N/A
  • Gross Revenue: $407,664
  • EBITDA: $52,646
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1992

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:3
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Situated with 1,473 sq ft, this practice has 4 equipped operatories, lab, and a sterilization area

Is Support & Training Included:

The owner has enjoyed servicing clients and is committed to ensuring the new owner has a smooth transition

Purpose For Selling:

Owner is retiring

Pros and Cons:

Loyal staff one of which was hired in 1992. They have stayed current with the times by leveraging modern marketing to secure new clients regularly while also maintaining clients from when they first opened

Opportunities and Growth:

There is opportunity to expand marketing with social media, Google reviews and updating the website. In addition, with only operating Monday-Thursday 9-5, there is room for growth by being open on Fridays as well

Additional Info

The venture was started in 1992, making the business 30 years old.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals decide to sell businesses. However, the genuine factor and the one they say to you might be 2 completely different things. For instance, they may claim "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these might simply be excuses to try to hide the reality of changing demographics, increased competitors, current decrease in earnings, or a range of various other factors. This is why it is really vital that you not depend absolutely on a seller's word, but instead, utilize the seller's answer combined with your general due diligence. This will repaint an extra sensible picture of the business's existing situation.

Existing Debts and Future Obligations

If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of businesses finance loans so as to cover things like stock, payroll, accounts payable, etc. Remember that sometimes this can mean that revenue margins are too tight. Lots of companies come under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future commitments to think about. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that should be met or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area bring in brand-new clients? Many times, operating businesses have repeat consumers, which create the core of their everyday earnings. Specific elements such as new competitors sprouting up around the location, roadway construction, and also staff turnover can impact repeat consumers and also negatively affect future revenues. One crucial point to think about is the placement of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the opportunity to build a returning customer base. A final idea is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outskirts of town? Exactly how might the regional mean household earnings influence future income prospects?