Dental Practice

Franklin County, OH (Relocatable)

Seller Financing Available
Dental Practice

Asking Price:$550,000

Cash Flow:$166,604

Gross Revenue:$788,744

EBITDA:N/A

FF&E:$296,000

Inventory:N/A

Lease Rate/Sq. Ft.:N/A

Established:1981

Dental Practice

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Business Description

This is a dental practice owned by the second generation of successful family of dentists. The founder of the practice educated and trained his daughter to take over the firm as he approached retirement. In 2012 the daughter bought the practice and is now the sole owner. The founder/father is still a practicing dentist at the office. The practice has a well established reputation for good dental care with many satisfied long-standing patients. Seller may accept up to 50% seller financing for a qualified buyer.

Detailed Information

Real Estate:
Leased
Building SF:
N/A
Lease Expiration:
N/A
Employees:
1 FT/9 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The practice operates from a building designed for dental care. It is a well maintained building on a main road that has some 10,000 vehicles passing by everyday. In addition, the practice operates from a building that is shared by 3 other dentists and they share waiting rooms and occasionally share staff to cover patient needs. This practice has 5 operators and is properly equipped to do basic oral hygiene, basic dentistry and oral surgery procedures.
Competition:
There are 12 dental offices within a 8 mile radius of the practice. All are smaller and less well known. This practice, because of its long standing reputation and effective transition to the current owner, has seen stable billings over the past 5 years. The market in the area indicates that there will be significant growth in the need for dental care as the population in the area changes.
Growth & Expansion:
Rising Demand for Implants - Growth in the number of elderly Americans, driven in part by the aging of baby boomers, will continue to increase demand for dental implants. The number of Americans 65 years and older is expected to rise 38% between 2015 and 2025, compared to an 8% increase in the overall population. Insurance Coverage Expansion - About 250,000 adults will gain some level of dental coverage through the Affordable Care Act (ACA), primarily due to the expansion of Medicaid in Ohio. Only about 150,000 will gain extensive dental benefits, however. An additional 45,000 children will gain dental coverage through Medicaid and private plans. As the population in the immediate market area changes there will be significant opportunity to grow the billings of the practice.
Financing:
$55K Down / $265K for 120 mos. @ 6.25% / Other Financing.
Support & Training:
Will train for 6 weeks @ no cost. This is a fully licensed dental practice with 2 experience licensed dentists.
Reason for Selling:
Owner wants to relocate to different part of the U.S.

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John Morris

Business Listed By:
John Morris

Murphy Business & Financial Corporation

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