This is a truly exceptional single owner, single office practice located in a highly affluent part of the 847 area code in the Chicago metro area. The owner cash flow after overhead in 2021 was in the high six figures. The practice is efficiently managed and this level of profitability occurs even though the owner works only 3 ½ days per week and takes approximately 10 weeks of vacation a year. The buyer has the unique opportunity to keep the practice productivity as is and make a great income or take it to an even higher level of profitability.
The office equipment is up to date and geared towards the modern practice of oral surgery. It has a cone beam/panorex, new monitors for anesthesia, a new CO2 laser and digital periapical x-rays. Most of the office computers have been replaced within the last few years. The office is very spacious and it is expected that a buyer could negotiate a very favorable lease extension with the landlord. Given the size of the office, there is room for two doctors to practice if the buyer wishes to bring on an associate or partner.
This practice has a very strong emphasis on dentoalveolar surgery with a significant proportion of four third molar cases and dental implants resulting in the very high level of profitability. The referral base is both geographically and demographically diverse with a significant number of younger dentists referring to the practice. Significant numbers of MDs are also referring to the practice. Given the referrals' close relationship with the seller and the seller’s strong desire to transition over the referrals to the purchaser, the expectation is the transition from seller to purchaser will be very smooth. The seller is flexible about work schedule after closing with the primary goal of making the transition successful for the buyer and maintaining the excellent reputation of the practice.
Rarely does a solo practice of this caliber come to the market in the upscale suburbs of Chicago. This practice has it all; profitability, location, high quality equipment, and an unparalleled referral base. The seller is highly motivated to transition to a new owner.
Call today if you would like more information about the practice. I look forward to speaking with you. Due to the nature of our business, I am on the phone a lot with candidates and clients. If you call and reach my voicemail, please leave a message. Evening and weekend call times can be arranged with advance notice.
Dr. Larry Jacobson
OMS Exclusively, Inc.