This single owner practice has been in existence for well over 20 years and is located in a highly desirable part of the Chicagoland area. It is very efficiently run, with overhead in the range of 40 percent. It consistently shows owner cash flow after overhead in the high six figures. And the owner does it working roughly 3 1/2 days per week with approximately 10 weeks of vacation a year. So the practice has the dual attractiveness of being highly profitable and with the potential of even greater profitability.
The office has approximately 3400 square feet of space. The office has five operatories along with a dedicated consultation room. There is one additional operatory already plumbed and ready for buildout. The practice has a cone beam/and Panorex. The practice has new monitors for anesthesia, a new CO2 laser and digital periapical x-rays. The practice lease runs for two more years with one 5-year option following. It is expected that the landlord would be very amenable toward renegotiating the lease for a much longer period at favorable financial terms. Given the size of the office, there is room for two doctors to practice in if needed.
This is a typical office practice with a strong emphasis on extractions and implants. The practice has a strong and diverse referral base, with referring dentists located a wide radius from the office location. The owner is committed to a strong transition and will work hard to transition over the referrals to the purchaser.
The practice is located in a highly desirable part of the Chicago metro area. The schools in the area are exceptional, the commute to downtown Chicago is easy and the Chicago area has world class cultural, sports teams and universities. Yet the owner of the practice could have the opportunity of having a short commute to the office and raise a family in one the best family oriented and educational areas in the entire country.
This is a rare practice that is located in an upscale area, is already highly profitable and has lots of room for substantial future growth.
Call today if you would like to learn more about this practice. We look forward to speaking with you. Due to the nature of our business we are on the phone a lot with candidates and clients. If you call and reach our voicemail please leave a message. Evening call times to talk if arrangements are made in advance.
Dr. Larry Jacobson
OMS Exclusively, Inc.