Office For Sale

Status: EXPIRED
ID: 5638
Practice for Sale in Plano, TX

OFFICE

FOR SALE

Plano, TX 75093
Posted June 26, 2019
Contact info
Lauren Clapp
classified listing
Description
Established in 2003, for the past 15 years, the dental practice has specialized in restorative, cosmetic and preventive dentistry as well as Orthodontics. Restorative Dentistry: the restoration of abnormal teeth to their normal state and function o Dental Implants o Bridges o Crowns o Dentures o Root Canal Cosmetic Dentistry: brightening, constructing and perfecting teeth o Veneers o Composite Bonding o Whitening Preventive Dentistry: preserving health teeth, gums and mouth through the practice of good hygiene o Hygiene o Mouth Guard o Sealants Orthodontics – Practice of preventing or correcting irregular teeth by using braces o Traditional Braces o Invisible Braces Top Things to Know: o Specializes in Restorative, Cosmetic, Preventive Dentistry and Orthodontics o The practice is located in prime real estate in a lifestyle center in a corporate hub o Currently, the practice maintains an active client base of 1,500+ patients o 100% of the full-time salaried employees have been employed for 2+ years o The practice was started in 2003 and the current owner took over in 2010 years o The dental practice is a modern well-kept facility housed with new technology o The company has a 5 Star Google Review rating o 1,536 active patients, 53% Male vs 47% Female o 76% of patients are 49 years or younger o 87% of patients have insurance and 13% do not have insurance Key Strengths: 1) Located in a $2 billion development in Collin County close to Fortune 500 companies 2) The company maintains a 5-Star Google Review Ratings 3) Part of a strong network of specialists 4) All full-time employees have been employed for 2+ years 5) The practice uses the newest technologies Possible Weaknesses: 1) In-Network with several dental plans 2) Vendor-utilized specialty in-house care 3) Light Social Media Presence Business History: The Company was started in 2003 by a prior owner. The current owner purchased the practice in 2010. The business has not been relocated and has been in the same location for over 15 years. Detailed Information Real Estate: Leased Building SF: 1,915 Lease Expiration: N/A Employees: 4 Furniture, Fixtures, and Equipment (FFandE): Included in asking price Facilities: The business occupies a 1,915 sq. ft building and pays $4,940 per month and runs annually from May 1st – April 30th. The current lease expires April 30, 2021. The lease is set to increase by 3.5% to $5,110 staring on May 1, 2019. A new buyer will be able to negotiate a new lease with the landlord. Growth and Expansion: The owner believes the business has the capacity to increase revenue by 35%. There is also an adjacent vacant office that a new buyer could use to expand. Support and Training: The Owner genuinely desires an effective business transition with seamless customer service through to the buyer. They will train a buyer for 30 days. An additional consulting contract can be obtained. Reason for Selling: Seller wants to relocate to California to be with family.