15 Year Old Dental Practice - 1,500 Active Clients - Prime Location

Collin County, TX

15 Year Old Dental Practice - 1,500 Active Clients - Prime Location
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Asking Price: $480,000

Cash Flow: $130,000

Gross Revenue: $648,315

EBITDA: $130,000

FF&E: $190,000

Inventory: N/A

Rent: $5,110 /Month

Established: 2003

15 Year Old Dental Practice - 1,500 Active Clients - Prime Location

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Business Description

Established in 2003, for the past 15 years, the dental practice has specialized in restorative, cosmetic and preventive dentistry as well as Orthodontics.

Restorative Dentistry: the restoration of abnormal teeth to their normal state and function
o Dental Implants
o Bridges
o Crowns
o Dentures
o Root Canal

Cosmetic Dentistry: brightening, constructing and perfecting teeth
o Veneers
o Composite Bonding
o Whitening

Preventive Dentistry: preserving health teeth, gums and mouth through the practice of good hygiene
o Hygiene
o Mouth Guard
o Sealants

Orthodontics – Practice of preventing or correcting irregular teeth by using braces
o Traditional Braces
o Invisible Braces

Top Things to Know

o Specializes in Restorative, Cosmetic, Preventive Dentistry and Orthodontics
o The practice is located in prime real estate in a lifestyle center in a corporate hub
o Currently, the practice maintains an active client base of 1,500+ patients
o 100% of the full-time salaried employees have been employed for 2+ years
o The practice was started in 2003 and the current owner took over in 2010 years
o The dental practice is a modern well-kept facility housed with new technology
o The company has a 5 Star Google Review rating
o 1,536 active patients, 53% Male vs 47% Female
o 76% of patients are 49 years or younger
o 87% of patients have insurance and 13% do not have insurance

Key Strengths

1) Located in a $2 billion development in Collin County close to Fortune 500 companies
2) The company maintains a 5-Star Google Review Ratings
3) Part of a strong network of specialists
4) All full-time employees have been employed for 2+ years
5) The practice uses the newest technologies

Possible Weaknesses

1) In-Network with several dental plans
2) Visibility is limited due to office location
3) Vendor-utilized specialty in-house care
4) Light Social Media Presence

Business History

The Company was started in 2003 by a prior owner. The current owner purchased the practice in 2010. The business has not been relocated and has been in the same location for over 15 years.

Detailed Information

Real Estate:
Leased
Building SF:
1,915
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business occupies a 1,915 sq. ft building and pays $4,940 per month and runs annually from May 1st – April 30th. The current lease expires April 30, 2021. The lease is set to increase by 3.5% to $5,110 staring on May 1, 2019. A new buyer will be able to negotiate a new lease with the landlord.
Growth & Expansion:
The owner believes the business has the capacity to increase revenue by 35%. There is also an adjacent vacant office that a new buyer could use to expand.
Support & Training:
The Owner genuinely desires an effective business transition with seamless customer service through to the buyer. They will train a buyer for 30 days. An additional consulting contract can be obtained.
Reason for Selling:
Seller wants to relocate to California to be with family.
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Alex Vantarakis

Business Listed By:
Alex Vantarakis

The Vant Group

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