Located on a very busy thoroughfare, surrounded by a dense residential/retail area, this well-established practice (30 years) has a great ground floor store-front location with great street visibility and easy access to transit. Without having any significant marketing plans in place (no website and no online presence), the practice sees ~190 new patients each year. Imagine the increased revenue that could be generated with a website and a more focused marketing initiative to drive strong new patient flow to the practice.
In addition to a great location, it has over 2,200 patients seen annually, and approximately 2,800 seen in 24 months. With a strong hygiene program in place, and a conservative approach to dentistry, there is significant upside potential. With dental billings that lag ~24% below average, there is an opportunity to add $224,000 to gross revenue by increasing the dental billings to the $415/patient/year average. There are also a good number of monthly referrals representing additional revenue that could be recaptured by an owner comfortable keeping endo, ortho, perio, and oral surgery procedures in house.
The facility has been well maintained and includes a stunning reception area to warmly welcome your patients, 3 equipped operatories enclosed with glass doors, a staff room, private office for the dentist, a sterilization/make-ready area, and a pan, all in an efficiently planned ~1,600 sq. ft. facility that spans 2 floors. The vendor owns the building, and while the building is not for sale at this time, they will provide you with a good long-term lease.
The vendor is also willing to stay for a year on a reduced schedule to facilitate a smooth transition to the new owner, significantly reducing the risk of patient attrition.
This one won’t last. Contact us to receive the full appraisal and schedule a time to see it in person.