Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Dental Practice
(Medical , Dental)
Union County , NJ
Listing ID: MED101

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

The purpose of this business transaction 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.


OperationsYear Established: 2007
Employees: 8
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 8000
Monthly Rent: $ 4,324
Square Footage: 1800
Facilities:


The facility consists of approximately 1,800 square feet, four private offices, plus various work areas 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. 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. 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. The 2017 yearly gross income represented by the seller/owner is $878,766 and the business has a yearly net income of approximately $241,556 based on an onsite owner operator and prior to any debt service. Sixty percent (60%) of the income is Medicaid and forty percent (40%) is private service. Also, due to the possibility of non-disclosed income, a formal due diligence is recommended by the purchaser. The business has been valued / priced based on a multiple of the net yearly income and includes the value of the specific business assets. Also, possible seller / bank financing may be available to a qualified buyer with an appropriate down payment, collateral and credit rating. 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:

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:

May be considered to a qualified buyer.