Practice Two: East Coast

Sale Price: $880,000

Gross Revenue: $1,100,000

Features: Digital, 2D Pan & Paperlesss

# of Ops: 5 Ops

Type: General Dentistry

Property: Lease

Practice Location:

Affluent area in Nassau County, Long Island. The space was 2,100 square feet leased space in a professional building. The lease only had one year left so we had to negotiate a lease extension to match the loan term.

Type of Practice:

High-end General Dental practice that was 90% fee for service. The challenge was the practice grossed $1.1M on a 2 day work week. This reduced our buyer pool to only the best and most productive dentist in the area. The seller had multiple offers and elected to choose the most talented dentist that can continue the best possible care for his patients.

Financials:

The practice prior to the pandemic was open 3 days a week and consistently did over $1M in revenue. After the pandemic the practice only opened two days a week and maintained revenue of over $1M. The financials were on one tax return, so we had to separate both locations’ financials and value this location by itself.

Reason for Sale:

The seller has two offices and elected to sell one of them so he could spend more time with his family.

Purchase Price: $820,000