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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Family Dental Practice
(Services)
Union County , NJ
Listed Price: $ 199,000
Listing ID: SVS369

Listing DetailsGross Revenue: $ 194,441
Cash Flow: $ 100,000
FFE: $ 55,000 (Included in Price)
Inventory: $ 1,000 (Included in Price)
Reason for Sale:

The sale is due to the owner is absenteeism.


Training & Support:

The owner will remain post-closing to supply an appropriate transitional period to the new owner / operator.


OperationsYear Established: 2013
Non-owner Payroll: $ 2,000
Employees: 1
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 2000
Monthly Rent: $ 2,000
Square Footage: 1100
Facilities:

This business opportunity is in Northern New Jersey in Union County and conveniently located near various schools and communities. This area consists of a highly populated urban city with continue demand for this professional service. The facility consists of 1,100 square feet with a clean and professional image.


SummaryBusiness Description:

Professional dental office located in a highly populated urban area of Northern New Jersey, Union County and in the city of Linden. This operation is presently active two days per week and consist of an absentee owner operator. This industry requires government licensing approval to operate. This dental business operation has one employee who is unaware of the pending sale and fully expected to remain post-closing with a monthly payroll is approximately $2,000. The practice has an assignable commercial lease which expires 2020-01-01 plus additional options, with a monthly rent of $2,000, cost per square foot is estimated at $21.81 and rent security of approximately $2,000. The business fixed assets has an estimated value of approximately $55,000 which is based on equipment and licensing replacement cost. The sale consists of a fully equipped dental office which includes medial dental equipment, shelving, POS system, tables, computers, software including all the necessary equipment to maintain the day to day business operation and a list of assets will be supplied to purchaser upon request. This successful professional practice is active two days per week, with hours from 9:00 am to 6:00 pm. The sale includes all required documentation including a certificate of occupancy from the municipality and the required state / city licenses to conduct its day to day business. The business has been valued at $199,000 based on a multiple of the net yearly income including the value of the specific business assets and seller financing has been conditionally approved to a qualified buyer with an appropriate down payment, collateral and credit rating. This can be a profitable business opportunity and based on the asking price, required down payment and yearly projected net income, this business expects to supply a positive investment return to the owner operator. Please do not disturb business, this sale is absolutely confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

Competition is not an issue in this industry and to the best of our knowledge, no other new competitors are expected near to this business. Additionally, the owner has agreed to supply an appropriate non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, no web site and if improved can further develop the business gross sales.


Financing/Terms:

May be considered to a qualified buyer.