Asking Price: $799,000 Cash Flow: $306,000
Established 1995 Inventory $200,000
The Practice has revenue that has remained steady with very little marketing. Collections on Accounts Receivable average 99% with only 1/3 of 1% of total AR being over 90 days old. The financial systems maintain delinquency rates of 2-4% overall which is very good. Approximately 96% of the practice is private pay. The Practice has 389 active patients, 218 on Observation and Phase II retention status, and about 38% of Annual Revenue is in Accounts Receivable. They treat full cases as well as Phase I and Phase II patients.
The Orthodontic practice was started over 25 years ago and purchased 6 years ago by the current owner. There are 15 employees who are trained, loyal, and very capable. Some team members have worked at the practice since it opened. The Treatment Coordinator Systems provide an excellent structure for an elevated experience and conversion rate of 75% or greater while the national average is only 52%.
The owner only works part-time in the practice, spending 7-9 patient days per month as the sole orthodontist in the practice. He feels like the growth of the practice is limited by his schedule and if an orthodontist would work more days per week, he could easily increase revenue. Work full-time and make $600,000+ a year.
This practice is 100% finance able so you will have no out of pocket to purchase.
Please contact Heather Krebs for more information at 801-201-6866