This single owner practice has been in existence for well over 20 years and is located in a highly desirable and affluent 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.
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 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 will work hard to transition over the referrals to the purchaser and is willing to work for the purchaser if desired on a part time basis for a year or two after closing.
This is a rare practice that is located in an upscale area, is already highly profitable and has room for substantial future growth and profitability.
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.