Listing ID: 80558
This is a long term dental practice in the same location for 11 years. Prior location for over 15 years. Clientele list of approximately 1300 patients. The Dentist would like to sell building, land and practice. The asking price for the the building and land is $2.2M (separate listing) plus the asking price for the dental practice is $457,000.00 (separate listing). The dental office includes, (7) exam rooms, (2) labs, (3) restrooms, (2) private offices, (1) consultation rooms, (1) conference room, reserved covered parking and much more. The building consist of +/- 4,800 sq. ft. of office space and the dental practice occupies 3,380 sq, ft. plenty of room for two dentist and the tenant occupies a separate suite consisting of/- 1,420 sq. ft. which produces additional income for the landlord. Call for more details.
- Asking Price: $457,000
- Cash Flow: $170,000
- Gross Revenue: $550,000
- EBITDA: N/A
- FF&E: $117,000
- Inventory: $7,000
- Inventory Included: N/A
- Established: 1997
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:4,800
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
Free-standing single-story building consisting of (7) exam rooms, (2) labs, (3) hand sinks, built-in reception desk w/ waiting room, (1) consultation room, conference room, (2) private offices, kitchen with cabinets & sink, (3) restrooms and reserved covered parking and plenty of open parking in front of building for patients.
Probably one of the best dental locations in town with street frontage on a major street near Summerlin.
The practice has long term patients but does not belong to any of the insurance networks, which would increase the revenue of the practice.
The venture was established in 1997, making the business 25 years old.
The transaction shall not include inventory valued at $7,000*, which ins't included in the asking price.
The company has 5 employees and is situated in a building with estimated square footage of 4,800 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell businesses. Nevertheless, the true factor vs the one they tell you might be 2 entirely different things. As an example, they might state "I have too many various obligations" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may just be excuses to try to hide the reality of changing demographics, increased competition, recent decrease in earnings, or a range of various other factors. This is why it is extremely essential that you not rely absolutely on a vendor's word, but instead, use the seller's solution in conjunction with your total due diligence. This will paint a more reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the existing entity is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many companies borrow money so as to cover items such as stock, payroll, accounts payable, and so on. Keep in mind that in some cases this can suggest that revenue margins are too tight. Many businesses fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may additionally be future commitments to consider. There may be an outstanding lease on tools or the building where the business resides. The business might have existing contracts with suppliers that need to be fulfilled or might result in fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area bring in new clients? Many times, operating businesses have repeat clients, which create the core of their day-to-day revenues. Particular variables such as new competition growing up around the area, roadway construction, and personnel turnover can influence repeat clients as well as negatively affect future incomes. One essential thing to think about is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the better the possibility to develop a returning client base. A last thought is the general area demographics. Is the business situated in a largely inhabited city, or is it located on the outskirts of town? Exactly how might the neighborhood average home earnings effect future earnings potential?