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Asking Price$790,000
Revenue | $825,317 |
Established | 2008 |
Cash Flow | $532,212 |
Employees | 4 full-time |
FF&E | $323,161* |
Franchise | No |
Inventory | Undisclosed |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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This Southwest Nebraska specialized clinic with 64% profit margin supports patients in Nebraska, Kansas and Colorado. The practice started less than 8 years ago and has grown to revenues of $825,317 in 2014. Current patient count is 4,411 with an average of 30-35 patients scheduled per day. The business receives referrals from 15 doctors.
The current Owner has four employees in place – 1 office/front desk and 3 assistants. Owner is the dentist on staff. The 1248 sq. ft. office has 4 operatory rooms and one central play area.
Owner cash flow in 2014 was $540,484 representing 64% of the $825,317 gross sales for that year. The $515,469 in assets included with the business include $270,170 in machinery and equipment, $11,748 in computer equipment, $41,243 in furniture and fixtures, $76,435 in accounts receivable and $115,873 in build-out. Machinery and equipment include 2 BIOLASE turbo lasers and Dexis digital x-ray equipment.
Current Owner will assist with transition and training until Summer 2016 if desired. Office is currently open from 2-5 pm on Mondays and 8am-5pm Tuesday through Thursday, so a new Owner could expand practice hours to increase gross sales.
With a cash flow of $504,854, a new Owner could retain $377,014 in net operating income after debt service and would realize a 477% return on investment on a $79,000 down payment.
Reason for Selling: Moving Out-of-State
Personnel: 1 Office/Front Desk and 3 Assistants
Hours: Mon 2pm to 5pm; Tues-Thurs 8am-5pm
History: 2008
Lease: $2,000/month for 1248 sq. ft.; contains 4 operatory rooms and central play room
Support to Buyer: Until Summer 2016
Additional Information:
Service Area: Patients located in Nebraska, Kansas and Colorado Practice Focus: Pediatric dentistry; patients aged 0-18 years Number of Patients: 4411 Average Number of Patients per Day: 30-35 Number of Referring Doctors: 15 Growth Opportunities: Additional office hours Current Owner’s Responsibilities: Owner/Operator
Financial Overview Gross Sales 2015: $707,612 annualized 2014: $825,317 2013: $762,619
Owner Profit/Cash Flow 2014: $532,212 2013: $477,495
YOY Growth: Sales grew 8% from 2013 to 2014
Profit Margin: Annual profit margins consistently above 62%
Multiple: 2.45 *Multiples range from 1-5
Valuation: 2 Year Ave. Cash Flow (2013 & 2014) x Multiple = Price $504,854 x 2.45 = $1,236,892
Discount of 36% due to Seller’s desire to move out of state
Assets Included in Purchase: $515,469 Machinery & Dental Equipment: $270,170 (includes 2 BIOLASE turbo lasers, Dexis digital x-ray equipment) Computer Equipment: $11,748 Furniture & Fixtures: $41,243 Accounts Receivable: $76,435 (current to 90 days) Intangible Assets: established repeat client list Build-out: $115,873
*values may vary
Funding Example Purchase Price: $790,000 10% Buyer Down Payment: $79,000 15% Seller Financing: $118,500 75% Bank Loan: $592,500
Purchase price has been discounted 36% due to Seller’s desire to move out-of-state.
Facilities: | Lease: $2,000/month for 1248 sq. ft.; contains 4 operatory rooms and
central play room |
Growth Potential: | Additional office hours |
Training/Support: | Until Summer 2016 |
Seller Financing: | 15% Seller Financing: $118,500 |
Sale Reason: | Moving Out-of-State |
Ad #78622
Seller Reference #DEN006
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