Practice Four: Central

Sale Price: $2M

Gross Revenue: $1.6M

Features: 8 Ops, Digital, paperless, updated technology, Great location

# of Ops: 8 Ops

Type: General Dentistry Practice

Property: Seller-owned property

Practice Location:

This practice is located in a highly desirable suburb of Cleveland, OH. The practice has been in this location for 40+ years and the seller has owned the practice and real-estate for the last 19 years. It is a stand-alone building with an apartment. Practice owner rents out upstairs, situated downtown on a corner lot off the major road that runs through the city The practice occupies 4,000 square feet with 5 newer ops that were added on after his purchase of the practice. The area is well-established and has free parking across the street.

Type of Practice:

The practice primarily focuses on preventative, restorative, and crown and bridge work, with most specialty procedures being referred out. The office is majority PPO and 25% FFS. The office is open 5 days per week and has one full-time associate. Also has 4 full-time hygienists and 2 assistants working a total of 18 hygiene days per week. The hygiene production alone made up over 40% of the revenue. Most of the staff were long term employees that were very well trained both clinically and in practice management. The seller was able, and is still able, to take considerable time off throughout the year and do what he loves most, traveling with his family.

Financials:

Practice consistently has performed well year over year, bringing in collections north of $1.4M with 2022 being one of the best years at $1.6M. Discretionary income was over $430K/year.

Reason for Sale:

To retire early and sell to a DSO for a premium. The practice owner wanted a better work-life balance and to enjoy the fruits of his labor that he had put in over all these years.

Purchase Price: $2M (rolled over some of the purchase price into equity in the DSO-expected to receive 4X investment in the next 5 years)