California Dental Office For Sale

California Dental Office For Sale
General Dentistry, Restorative & Periodontics
Santa Cruz County, CA
Offered at $175,000
Reference #D502

This practice has been in business at the same location for 25 years. It is a satellite office of a successful Dentist with excellent reputation. It is open 5 days a week. It was operated by the dentist 1 day a week and with an associate working 4 days a week. The owner dentist could not practice due to sudden health condition starting April 2009 and was not visiting the practice. The associate left the practice at the end of October 2009 in anticipation of the sale. The associate is now working about 50 miles away. The office was closed for a month and it has been reopened. Patients are treated in their main office.

Included in the purchase is $124,000 (as of 12/15/09) in receivables less than 12 months old.

The office is located in a medical/dental building with few dentists in the area. It is fully improved, well laid out 2,100 sq. ft. office and has 6 operatories, waiting/receptionist area, a doctor’s office, a business office, a dark room, a rest room, a storage room, sterilization and computer system with Scandent software It is currently on a month-to-month lease. The landlord will sign a new lease with the new owner at current market rent. The equipment includes digital x-ray, intra-oral camera and 6 well maintained chairs. Seller will assist in lengthy transition, if required, and provide a covenant not to compete.

Gross Income:
2009: $234K (10 mos, Annual Proj=$285K)
2008: $385K
2007: $264K

Patient Information:
170 visits per month
30 new patients per month
2000 active charts

100% FINANCING AVAILABLE

Contact ProMed Financial for more information:
888-277-6633
info@promed-financial.com

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