This is an opportunity to own an exceptionally profitable, very well-established conservative family practice with a great hygiene program and a solid track record of growth.
If you are highly productive, you could continue the current owner’s 4 day work week, freeing up your evenings and weekends to do as you please. Alternatively, if you work at a more relaxed pace, or are interested in further building this practice, weeknights, Fridays and weekends are not currently being scheduled, yielding considerable additional hours.
The practice includes almost 1,700 annual patients, and has exhibited a consistent track record of revenue growth on a foundation of strong new patient flow. The practice has an extremely strong hygiene program, with a 92% compliance rate. The strong hygiene program in the practice is good evidence of the conservative, preventive oriented philosophy. There is a healthy level of outbound referrals, with an estimated 25+ per month to various specialists. An owner operator could easily take advantage of this and take the practice to the next level by keeping some of these procedures in house.
On top of the strong hygiene program, and continued growth in both revenue and patients, the practice has a great cost structure, with over $700,000 in earnings before tax and dentist compensation in FY 2017.
The facility includes 3 equipped operatories, a staff room that is plumbed and wired for potential future use as an operatory, and a doctor’s private office, in a total of 913 square feet. The facility has been beautifully updated over the past several years, with considerable updates made to the leasehold improvements.
The vendor is flexible with regards to a transition period to be negotiated, and is willing to associate for 1 year, possibly more, significantly reducing the risk of patient attrition.