Business Overview:
Dentists looking to break out on your own or to expand into an additional location, this opportunity is for you!
This practice has served the community for nearly 50 years, providing preventative, diagnostic, and restorative treatments to patients of all ages. There are over 2,500 active patients, with new patient acquired consistently on a monthly basis. All equipment is owned, rather than leased, and included in the sale. A buyer will have the opportunity to step into a fully functional practice on day one, allowing the buyer to focus on patient care and practice growth.
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Property Features and Assets:
The practice occupies a 1,500 square foot space and contains four patient rooms. Two rooms are utilized by the practicing dentist and the other two are used for hygiene patients. This layout allows the practice to operate efficiently, seeing multiple patients at one time.
Assets = $47,000
Market Competition and Expansion:
Mercer County is centrally located in the state of Kentucky, with proximity to Lexington, Frankfort, Elizabethtown, Somerset, and Danville. The population of Mercer County is over 20,000. Local competition in and the surrounding area includes local dental practices and a couple larger, national groups, including Aspen Dental.
Opportunities for growth include increased marketing efforts and increased number of patients seen in the practice. In recent years, as the owner and his wife approached retirement, the practice has decreased production and hours worked. Most recently, the practice is open four days per week, alternating Monday and Friday as the day off. A new owner could come into the practice, increasing production to 5 days per week. Additionally, the business has historically operated on two Saturdays per month, from - 12:30. Expansion of weekend hours also presents some opportunity for the new owner.
Reason for Selling:
The seller and his wife are retiring.
Additional Details:
- The property is Leased.
- The owner is not willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
Asking Price: $1,950,000