We have a long-established solo owned single office practice in Colorado for sale. The owner owns the space where the practice is located, and the real estate will be sold with the practice. The practice is located in a growing area outside the Denver metro.
In 2021 and 2022, the practice had collections of almost $2,000,000 and owner cash flow around $1,250,000. The practice is a traditional office-based practice with no trauma call (although trauma can be arranged if the purchaser is interested). Remarkably, the practice has room to grow even further as the owner works four days a week and takes at least 6 weeks a year of vacation.
The office has newer equipment, including a cone beam. The office has two operatories and two exam rooms. Moreover, there is additional space in the office that could easily be converted into a third operatory as large as the two existing operatories. The addition of a third operatory would allow the purchaser to bring in another part-time associate to deal with practice overflow.
The referral base for the practice is very wide, extending over 75 miles. The practice has a regionally strong reputation for quality and patient satisfaction. The buyer will inherit a highly appreciative and diverse referral base that, if managed properly, will provide an exceptionally solid base for decades to come.
The practice is located in a fast-growing city. There are upscale areas for the owner and his family to live that are an easy drive from the office. This geographic area has access to excellent schools and universities. Denver International Airport is an easy drive and has nonstop access to well over 100 cities around North America.
A solo practice of this quality in Colorado comes along only every few years. The owner’s preference is to sell to another oral surgeon who can provide the same quality of care as he has provided for decades. The next owner of this practice will have the ability to live a great lifestyle and serve a very appreciative community. To that end, the owner is willing to remain with the practice, if the purchaser desires, not only for a reasonable transition period that encompasses referrals, but seeing patients on a part-time basis as well.
Dr. Larry Jacobson
OMS Exclusively, Inc.