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A Growing Dental Practice - State-Of-The-Art Equipment - Ryde Area

Healthcare Practice Sales , Healthcare Practice Sales, Trades And Services , Health, Fashion and Beauty Businesses, Sales below $1m, Business Services

Sydney, NSW 31 Views

Asking Price $500,000 for 100 %

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SALE OR INVESTMENT DETAILS

  • $10,000 Stock at Cost
  • $315,000 Gross Sales per annum
  • $500,000 Assets Included in Sale
  • $168,000 Profit (Normalised EBITDA)
  • Yes Finance Available (subject to approval)

Highlights

  • A Growing Dental Practice - State-Of-The-Art Equipment - Ryde Area
  • Newly fitted-out and equipped in 2015 and a fully digitalised practice
  • Family focused dental practice offering a wide range of services
  • Equipment/assets valued at circa $500,000+

Executive Summary

This is an excellent opportunity to acquire a young, growing dental practice with state-of-the-art equipment and excellent potential for rapid expansion given the key location.


Location Details

This is a 87 sqm premises situated on the first floor of a modern building, in a small suburban shopping area that has excellent parking.


Potential

There is excellent prospects for future expansion of the customer base given this area is one of Sydneys most rapidly growing, with population growth more than 50% above the national average over the last decade. In addition, the practice benefits from high foot traffic with a neighbouring medical centre and Allied Health in the same building.


Skills

The current owners are highly skilled dental practitioners. Transition period and knowledge transfer will be provided. Potential for one owner to stay on part-time through separate negotiation.


Hours

Monday & Friday 07:30am- 4:30pm 

Tuesday & Wednesday 09:00am- 6:00pm 

Thursday 10:00am- 8:00pm

Saturday 08:00am- 12:00pm


Lease

Current 5-year lease expires in 2020, additional 2 x 5-year options available.


Employees

2 x Part time Principals/Owners

2 x Part time Associates

2 x Causal dental assistants/receptionists


Reason For Sale

Owners have accepted the desire to devote more time to young family responsibilities rather than investing more time required into growing the practice.

About Business

With a sleek, clean fit out in neutral colours, the practice benefits from lots of natural light and has a spacious reception area and two good sized treatment rooms with ample storage and sterilisation bay.

Offers excellent prospects for future expansion of the customer base given this area is one of Sydneys most rapidly growing, with population growth more than 50% above the national average over the last decade.

The Dental Practice is fully digitalised and has invested in high quality, up-to-date dental equipment and machinery, with the owners spending approx. $600,000+ on the fit out and equipment of the practice to date which is under a 7-year lease with 4 years remaining.


Key facts about this business:

- Newly fitted-out and equipped in 2015 and a fully digitalised practice

- Two treatment rooms with state-of-the-art equipment and machinery including digital and OPG x-rays, sterilisation bay, dental lab and more

- Situated in a local shopping area in a suburban locale, the practice benefits from excellent access for major local roads and plenty of parking

- Family focused dental practice offering a wide range of services

- Equipment/assets valued at circa $500,000+ on 7-year equipment lease with approx. 4 years left to run

- Spacious reception area and two treatment rooms

- Fully lead-lined OPG room and kitchen/staff area

- Sterilisation bay with dental lab

- Private staff toilet and a separate patient toilet.

- Plenty of storage

- Modern, light, bright fit-out in neutral colours

- 3 x secure underground car parking spaces included in the rent

- Excellent foot traffic

- Premises located amongst other retailers in a suburban shopping locale in the Ryde area of Sydney


For more information on this opportunity, please contact the undersigned:


Richard Ames

Business Sales Specialist

Mentored Business Sales, Corporate Business Sales & Acquisitions 

M: 0421 490 501 T: 1800 858 696 E: rames@mentored.com.au


Disclaimer:

Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner\\\\\\\\\\\\\\\'s salaries, directors benefits, personal expenses, non-recurring expenses, one-off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

Business categories: Service, Business, Business for sale, dental, dentist, Ryde, Health, Beauty, medical

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