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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Family Dental Practice
(Services)
Union County , NJ
Listing ID: SVS385

Listing DetailsGross Revenue: $ 878,766
Cash Flow: $ 241,556
FFE: $ 275,000 (Included in Price)
Inventory: $ 20,000
Reason for Sale:

The sale is due to the owner's retirement.


Training & Support:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.


OperationsYear Established: 1993
Non-owner Payroll: $ 15,500
Employees: 11
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8000
Monthly Rent: $ 4,324
Square Footage: 2500
Facilities:

The facility consists of approximately 2,500 square feet and has a modern professional appearance. The business is in a mid-size commercial building with various other active and successful businesses. This opportunity is in Northern New Jersey, Union County, which consists of various highly populated communities with continued demand for this particular service.


SummaryBusiness Description:

Wonderful business opportunity for this long established professional dental practice with a gross income of $878,766 and a consistent net income to the owner operator. The company is located in a highly populated urban city of Union County, New Jersey. The owner is retiring and is prepared to supply a long-term transitional period and remain on a part time basis. They are dedicated to providing excellent oral health as well as a beautiful smile to the patients they service. Their mission is to make the best possible decision for their patients and offer the best quality comprehensive and customized treatment plan. They are committed to providing a soothing and comfortable environment with professional and gentle dental care. They treat every patient with dignity, first-rate care, they understand visiting a dentist can be a stressful experience and their comfortable surroundings and compassionate dental professionals will ease fears. This dental practice consist of eleven full / part time employees, consisting of four (4) dentist and various assistants, who are unaware of the pending sale. The payroll is primarily based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $15,500. The business fixed assets has an estimated value of approximately $275,000 which is based on the cost of the original equipment, licensing, buildout replacement expense, tangible & nontangible, in addition to the multiple of the existing net yearly income. This successful dental practice is active 6 days per week, with hours varying from 8:00am-4:00pm, 10:00am-6:00/7:00pm. The company approximately has $20,000 of marketable inventory and the purchaser will be responsible for that cost at time of closing, based on wholesale value. The business transaction has an assignable commercial lease which expires 01/01/2025, plus additional options available, with a monthly rent of $4,324, cost per square foot is estimated at $20.32, and rent security of approximately $8,000. Please do not disturb business, this sale is confidential, the employees are unaware of the pending sale, all viewings are by appointment only and the photo does not represent this particular business opportunity.


Competition:

Regarding competition, to the best of our knowledge, due to various circumstances, 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 can be further expanded by the new operator by instituting a website, and a marketing plan which will further develop the business yearly gross sales.


Financing/Terms:

Seller financing is available to a qualified buyer