Business For Sale

Family Dental Practice

Not Disclosed, NJ
Union County


Asking Price: Annual Revenue:
Not Disclosed $878,766

Services: Medical, Dental


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RE: Family Dental Practice Broker: Ron Cervelli
Owner Financing is Available!
Seller financing is available to a qualified buyer.

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $878,766
Net Profit: Not Disclosed
Cash Flow: $241,556
Total Debt: Not Disclosed
FF&E: $275,000
Real Estate: Not Disclosed
Year Established: 1993
Employees: 11
BBN Listing #: 25843909
Broker Reference #: SVS385

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Business Overview:

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.

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Property Features and Assets:

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.

Market Competition and Expansion:

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. 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.

Reason for Selling:

The sale is due to the owner's retirement.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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