Profitable Para Dental Business for sale

Spokane, WA (Spokane County) (Relocatable)

Profitable Para Dental Business for sale
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Asking Price: $194,000

Cash Flow: $68,000

Gross Revenue: $177,000

EBITDA: N/A

FF&E: $30,000

Inventory: $10,000

Established: 1999

Profitable Para Dental Business for sale

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Business Description

12-31-2018 Certified Business Valuation is available with an NDA

Profitable Para Dental Business for sale with a great reputation providing a unique opportunity for an interested buyer to work as little or as much as desired and be their own boss. Established in 1999 with a long history of stable cash flow and currently located in Spokane WA.

The Company provides repairs for a range of both high and low speed dental handpieces. The company currently has between 250-300 active customers, primarily dentists and dentist offices. No client makes up more than 3.5% of revenue and the owner represents that there is little competition in the area. The company’s geographic reach extends to Texas, Utah, California, Oregon and Montana, but the majority are located in Washington and Idaho.

Handpieces can be shipped all across the United States and Internationally, opening the door for more opportunity. Highspeed handpieces are known to break down twice per year and repair services for these pieces constitute 75% of the company’s revenues. Low speed handpieces typically have a life cycle of nine months before breaking down and make up the remaining 25% or revenues. Dentists typically have 10 handpieces per chair, requiring several repairs each year.

The owner represents there are opportunities to develop relationships and work in conjunction with manufacturers if willing to invest in their equipment for testing and meet their performance criteria, which could significantly increase revenues. The owner has not previously engaged in these since he was satisfied with the level of revenue he was at. The company does not currently do any work with manufacturers besides a small portion with NSK.

Quick turnaround times from engagement to completion is a staple in repairs for highspeed handpieces and typically have an engagement to completion repair turnaround of 24 hours, while low speed handpieces have an engagement to completion repair turnaround of 48 hours. Prices vary depending on the service provided. Highspeed handpiece repairs cost the customer approximately $130 to $350, while low speed handpiece repairs cost approximately $200 to $400.

The owner represents that the business is very scalable or could be continued to be operated as a profitable part time business.

email Shawn Coleman at Shawn@grifco.com to get a copy of the Certified Business Valuation and Company Tax Returns.

Attached Documents


Detailed Information

Location:
Spokane, WA
Inventory:
Included in asking price
Employees:
1
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Inventory and equipment value is estimated at approximately $40,000. No item is worth more than $1,000 with most of the equipment being small hand tools, the industry is not capital intensive and minimal facility space is needed to operate the business. The owner is willing to consider sale of his primary home that he operates out of. (Home Based)
Competition:
Owner estimates that the company has 80 to 90% market share in the Spokane area. No money is spent on advertising and the company relies solely on word-of-mouth and its relationships with existing customers to drive sales. Approximately 90% of the customers are repeat customers. The owner represents that he has purposely kept the business small and not advertised because he was as busy as he wanted to be.
Growth & Expansion:
The owner is the sole employee, working approximately 20 hours per week. On average, 12-15 of these hours are spent repairing equipment while 5-10 are spent making deliveries. Management represents a new owner could potentially quadruple the business size if he/she were to assume a full-time roll and add more technicians.
Financing:
Financing help is available
Support & Training:
Overall the learning curve is very short. Familiarization with a single repair may take up to two weeks. In general, three months of intense training, three months of supervised performance, and six months of phone support is needed to perform all the repairs. The current owner and operator is willing to train a buyer to perform repairs currently provided.
Reason for Selling:
Owner Retirement
Home-Based:
This business is Home-Based
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Business Listed By:
J Shawn Coleman

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