Planning Practice Three: East Coast

Sale Price: $1.3M

Gross Revenue: $1.4M

Features: FFS, Low Overhead, Panorex (film)

# of Ops: 6 Ops

Type: General/Restorative

Property: Lease

Practice Location:

A successful practice transition is not always about the numbers –it often is also about the “match”. In this case, finding the proper individual was vital to the success of the transition and future of the practice. It took resources and expertise to make that connection.

This Florida dental practice was owned by the Seller for approximately 25 years prior to transition, operating out of 6 operatories in roughly 3,000 square feet of space. The office resided in a professional building in a more rural but growing area of the city. There was ample parking and possible opportunity for growth, or relocation in the future.

Type of Practice:

Focused on restorative, crown and bridge procedures, the Seller referred out some specialty work but had a wide mix of services, which suited the community. The practice operated on a four day per week schedule, with strong new patient flow and full hygiene schedule over the course of the week (two hygienists and eight hygiene days). Patients were primarily fee-for-service (cash/credit) with some utilizing “out-of-network” insurance. The staff was well trained both clinically and in practice management which allowed for the practice to run efficiently (both operationally and financially). Technologically, the practice was computerized but utilized paper charting and film radiography. Equipment was well maintained and functional but roughly 25 years old.

Financials:

With year-over-year recent collections growing within the 3 years produced and analyzed, there was a balance between crown and bridge restorative and hygiene department generated production, yet significant room for growth in preventative care. Some specialty work was referred out of the practice leaving additional opportunity for a purchaser to continue to develop additional revenue sources into the future, while supporting the maintenance of the practice’s make-up as is with expected strong profitability due to properly managed overhead.

Reason for Sale:

After a long career in practice, the seller was ready to step away from clinical dentistry, retiring to spend time with their growing family while enjoying various non-dental hobbies.

Purchase Price: $1,265,000