This single owner practice has been established less than six years, yet has had over $2,000,000 in collections and owner cash flow of over $1,000,000 in 2018 and 2019. The practice just about matched these numbers in 2020 even in a COVID environment. In addition, the practice can become even more profitable as call opportunities are available and the owner has taken an average of more than six weeks off each of the last three years.
As a newer practice, everything is state of the art. New cone beam, new Panorex, new everything. The space is over 3,300 square feet with two surgery rooms and three exam rooms. The ancillary spaces for office staff, sterilization, storage and meeting areas are quite excellent.
This is a typical office practice with a heavy emphasis on extractions and implants. The owner is a member of a prestigious local study club and is highly regarded in the community. The patient base in 2019 was almost 2,000 patients and was around 2,400 patients in 2020! The practice has a high fee for service component and Medicaid patients make a tiny percentage of the patient base.
As you can see, the owner developed a large and dedicated referral base very quickly. The owner has an outstanding reputation in the dental community and has engaged in many local community activities to raise their profile. It is very rare for a practice to grow from zero to over $2,000,000 in collections in such a short period of time. This growth, standing alone, demonstrates the high quality of the practice and its owner.
The owner is committed to a successful transition and will stay on for a while if the purchaser desires additional staffing.
The practice is located in a very nice part of Alabama. Recreational and cultural opportunities are nearby and the Gulf of Mexico is an easy drive away. The community is very family oriented and there are a number of excellent schools available in the area.
This is one of the outstanding practices located in the Southeast and practices of this quality are hard to find in this area. The purchaser will be the direct beneficiary of the owner’s incredible entrepreneurial efforts and reputation.
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.