FLASH SALE! FLASH SALE! FLASH SALE!
Note: the exact address is not correct, BUT IS very CLOSE to the address used in this listing.
When Opportunity Knocks !?!
This Amazing Modern Practice Was Recently Appraised for $2.541-million. BUT THE ASKING PRICE IS ONLY $1.97-million!
Serious/Quick Buyers Only!
The Seller Wants to Sell Quickly Because They Want To Focus On Their Other Practices (Which Are Further Away). Note: The Selling Dentist Would Stick Around and Associate For Up to 2 Years (2 days/week for 1st year; 1 day a week for 2nd year) To Help With The Transition.
This Newer Built Office Boasts:
- Amazing Location (Ground Floor, Strip Plaza)
- Free Parking and Great Signage
- Massive Space (2,268 square feet)
- $1.363-million in production and $700k in normalized EBITDA per appraisal (assuming new owner takes over all dental production).
- 5 operatories (with space for more; currently used as storage).
- Diverse Patient Base (Ethnicity and Age, etc.)
- Theme-Based Dental Practice
- Beautiful Leaseholds (valued at ~$400k in the appraisal), State of the Art Equipment (including Digital X Rays and Digital Pan)
- Great Branding/Website, etc.
- 9 Staff On Contract
- Lease: Can Go Until July 31, 2030 (with Renewals). Buyer Will Get More Years Added On By The Landlord.
- Per Appraisal: ~1,105 recall exams billed in the 2023 fiscal year.
- Per Appraisal: practice gets ~40-45 new patients per month.
- Per Appraisal: ~1,614 active patients attended treatment in the last 12 months.
- Hygiene (Excluding Diagnostic) Is Just Under 20% of Overall Production, and Restorative Makes up Around 40%. The Rest Of the Production Is Surgery, Lab, and a Little Bit Of Specialties (Ortho, Endo, Perio, etc.).
- Walkthrough Video Available (Just Email firstname.lastname@example.org), And You’ll Be Amazed At What You See!
- There’s No Dentist At The Practice 2 Weekdays/Week.
- The Practice Is Only Open Every OTHER Saturday.
- Equip The 6th Operatory.
- Keep Referrals In House (Practice Sends Out 5-8 Endo Cases/Month, 2-3 Perio Cases/Month, 2-3 Denture Cases Per Month, 3-4 Oral Surgery Cases/Month, and 3-4 Pedo Cases/Month).
- Keep The Current Selling Dentist (Who Likes Doing Complex Case Dentistry) For Up to 2 Years After the Sale.
WHY THE FLASH SALE?
This Amazing Practice Was Recently Appraised for $2.541-million. BUT THE ASKING PRICE IS ONLY $1.97-million!
The Practice Has SO Much Going For It! Why The HUGE Discount For Such An Amazing Practice?
The Selling Dentist Unfortunately Forgot To Renew The Lease During Covid-19 so the landlord got them to accept a new lease with a demo clause that can apply after December 2031. The Landlord will provide a buyer a long-term lease. The Landlord Has Informed Us That They Have No Plans At Present To Demo The Building But Don’t Want To Commit Past December 2031.
To access the practice appraisal, please log in or register for a free account above. The Appraisal came in at $2.541-million. When You See The Practice And Review Its Metrics, You’ll Understand Why.
Sunday, June 4, starting at 10:00 am
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For more information about this and any other dental practice on this site, register for a free account above or contact dental lawyer Michael Carabash (email@example.com | 647.680.9530).
If you’re a dentist looking to SELL a practice, contact us to find out how DMC LLP helps dentists sell your practice to the right buyer with no commissions or hidden fees.
Please note that the pictures used in this listing ARE NOT of the actual practice to maintain confidentiality. For specific images and practice details, please download the appraisal report.
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