Opportunities
Family Dental Practice in West Omaha
Sold
A 50+ year history with an excellent reputation with room for an additional dentist!
Specifications
As a buyer, you have two great options for purchasing this well-regarded dental practice. If you are looking for dental office equipment, you can purchase the equipment only for $100,000. If you are interested in expanding your client base, you can purchase the client list only for $65,000. If you would like the entire business, you can purchase both the equipment and client list for $155,000, a $10,000 discount!
This local, family dental practice has been in business for over 50 years and takes great pride in building great relationships with patients and offering quality dental services. With over 550 active patients and an additional 100 infrequent patients, this business has a loyal client base with room to expand.
Located in a beautiful strip center along a busy thoroughfare in the Omaha area, this business benefits from great curb appeal in a prime location. This attractive and modern office has prominent signage, this practice is easy to find with plentiful parking. Inside, you are welcomed by an attractive waiting room with built-in reception area. There are three operatories with all necessary equipment including chair, tools, equipment, and lighting. There is a fourth room that can be converted into an operatory for additional revenue potential.
Currently, this dental practice has a focus on restorative dentistry including crowns, bridges, and fillings. They also do some cosmetic dentistry including teeth whitening and general dentistry including tooth extraction, root canals, and bite splints.
Growth opportunities can be found in expanding services, or accepting additional forms of payment. While currently operated by a single dentist, there is room for two making this is a further area for potential growth.
Business Highlights
- Year Established: 1962
- Location: Omaha, Nebraska
- Patients: 560 active patients with 100 infrequent patients
- Services: Restorative Dentistry, General Dentistry, Cosmetic Dentistry
- Lease: 1,600 sq. ft. with 3 operatories, reception, storage closet, break room, dental lab, consultation room, restrooms $3200/month
- Reason for Selling: Retire from the Practice to teach
- Employees: 1 Office Manager, 1 Hygienist
- Seller Training Period: Negotiable 90 days transition
- Growth Opportunities: Convert 4th space into operatory, expand payment options, expand hours
- Current Owner’s Responsibilities: Sole dentist, bookkeeping, inventory ordering
Financial Highlights
- List Price: $155,000 for equipment and client list
- Equipment Only: $100,000
- Client List Only: $65,000
- Gross Sales:
- 2017: $207,593
- 2016: $217,169
- 2015: $242,202
- 2014: $265,206
- Cash Flow:
- 2017: $68,651
- 2016: $71,182
- 2015: $92,686
- 2014: $102,509
- Assets Included in Purchase*
- Equipment and Inventory: $174,264 Dental chairs, dental instruments, x-ray equipment, dental lab, furniture and fixtures
- Intangible Assets: Excellent reputation, long-standing business in the community, loyal patients
- A/R: $15,000
- Lease Improvements: $175,256
- Inventory: $3,000 Hygiene and dental supplies
*amounts may vary
**Owner has been increasing teaching load and decreasing practice time over the past few years, but the practice has the patient-base to continue at previous levels.**
Patients
- Adult patients 80%
- Child patients 20%
- About 30% of referrals are from family members
- All patients are fee for service, but this practice does take insurance
Specific information regarding clients is available upon the receipt of a signed Non-Disclosure Agreement.
Services
Crowns
Bridges
Fillings
Veneers
Inlays
Root Canals
Bite Splints
Primary Dental Provider
Regular exams
X-Rays
Teeth cleaning
Gum care
Dental Therapy
Teeth Whitening
Veneers
Bonding
Employees
Office
Manager
Schedule appointments
Reminder calls for patients
Billing
Files with insurance
Helps turn over the room
Dental
Hygienist
Cleans patients’ teeth
Takes X-rays
Inventory Management
Growth Opportunities
·
Expand hours
·
Expand payment options
·
Expand services offered
·
Convert office space into 4th
operatory
·
This business currently does
little advertising, so the addition of advertising has the potential to
increase business
Valuation Details
The Firm
Business Brokerage used a Cash Flow Valuation methodology to determine the
Purchase Price of the business.
The formula
used is as follows:
Cash Flow x Prescribed
Multiple = Fair Market Value
Cash Flow is
the sum of business net income plus any owner perks and any non-onward going
expenses.
A multiple is
prescribed by a 20 question, 100-point parameter ranking system that is used to
analyze the current business health. Each question is based on a scale from 1
to 5: 1 being low, 2 below average, 3 average, 4 above average, 5 high. The
average of the responses sum is the business’ prescribed multiple.
For this business,
a 2017 Cash Flow was used with a prescribed multiple is 3. With this information, the computation is as
follows:
$68,651 x 3 = $205,953
The Fair Market
Value found above positions the business List Price at $205,000.
Purchase Options
As a buyer, you have two great options for purchasing this well-regarded dental practice.
If you are looking for dental office equipment, you can purchase the equipment only for $100,000.
If you are interested in expanding your client base, you can purchase the client list only for $65,000.
If you would like the entire business, you can purchase both the equipment and client list for $155,000, a $10,000 discount!
Print, sign and send to:
210 N 78th St. 2nd FloorOmaha, NE 68114
Or fax to:
f 402.939.0857