HIGHLY MOTIVATED SELLER OF AN EXCELLENT SOLO MISSOURI PRACTICE WITH A HIGH SIX FIGURE OWNER CASH FLOW

Published
April 8, 2022
Location
Confidential, Missouri
Category
Job Type

Description

This single owner practice has been in existence for well over 20 years and is located in a smaller metro area in the State of Missouri.  In 2023, the practice collected over $1,700,000 and consistently shows owner cash flow after overhead in the high six figures.  And the owner did it taking approximately 10 weeks of vacation a year in 2023. This practice clearly has room to grow and an owner, with some aggressive marketing should be able to collect over $2,000,000 and take home over $1,000,000.

The owner owns the building where the practice is located and the building will be sold with the practice.  The building has almost 1,500 square feet of space for another medical/dental professional to practice.  This ancillary space has 2 operatories, 1 consult room, 1 recovery room, 3 offices and a separate waiting room.  This ancillary space can generate significant meaningful rental income to the purchaser.

The practice is currently occupying approximately 3400 square feet of space.  The practice has three operatories along with three dedicated consultation rooms. The practice has a two Carestream 9300 cone beam machines. The practice has newer equipment and a buyer will not have to spend much over the next few years updating the space Given the size of the office (even excluding the ancillary space), 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 practice has no Medicaid patients and is approximately 2/3 fee for service.   The owner will work hard to transition over the referrals to the purchaser.  The purchaser would like to retire from seeing patients by the end of 2024.

While the practice is not located in a major metro area, the St. Louis metro is less than a two-hour drive away and a purchaser can take advantage of all of the cultural and sports activities in the St. Louis metro area.  The practice location has a major university nearby and the immediate area around the practice location has a hospital and many other health care facilities.  The area is growing and the employer base is highly diversified.  The area has excellent schools, both public and private and is close to desirable outdoor activities.

This is a rare practice in a smaller metro area that 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

President

OMS Exclusively, Inc.

Mobile:  312-446-9314

Fax:  888-523-9006

larryjacobson@oms-exclusively.com

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