When buying or starting a dental practice, it’s easy to be drawn toward big city or metropolitan areas. After all, more people equals more money, right? Not necessarily. One in ten dentists practices outside of a 30-minute radius from a large city, and for good reason. Here are some perks worth considering if you’re in the market.
WANT MORE PATIENT DEMAND?
For instance Yuma County has basically 4500 patients per Dentist while Maricopa County has approximately 2700; almost twice as much demand in Yuma as there is in Maricopa which equates to a better financial outcome in the long run for the practicing dentist.
WANT LESS COMPETITION?
Statistically, less competition as more dentists are gravitating toward major cities and suburban areas means more patient demand. Established practices in rural areas offer more economic and buy-in opportunities simply because existing clinicians are doing well financially and therefore don’t have to put off retirement. Similarly, while many young graduates are having a harder time finding associate-to-buy-in opportunities, less competition means more economic opportunities.
INTERESTED IN LOWER OVERHEAD AND HIGHER NET PROFIT?
Lower cost of labor, lower occupancy costs, lower rent and office costs, lower housing, and comparable dentistry fees to urban areas all contribute to lower overhead costs, which, in turn, results in a higher net profit for the practicing dentist. And, contrary to popular belief, most rural or small-town practices have updated facilities and high-end equipment.
It’s no surprise that smaller towns generally come with a slower pace, allowing you to build a stronger connection with your patients that then translates into goodwill for your practice in the community while also significantly increasing your level of job satisfaction. In the past 20 years, practices that AFTCO SW has sold in areas like Yuma, Prescott, Lake Havasu, Kingman etc. have generally exceeded profitability expectations (i.e., one of our clients was able to bank a million dollars in 18 months after all business and personal expenses.) When looking for the right practice to buy, consider looking beyond the urban practices and see how a rural practice might fit your needs. Unsure what might be right for you? The Analysts at AFTCO Southwest can help you think through your next steps.
Currently we have two General Practice Dental Office for sale in Yuma:
SOUTHWESTERN ARIZONA PRACTICE - NOW WITH SELLER FINANCING AVAILABLE: This practice is well-established and has a loyal patient base. The digital office is located in a 2,400 sq. ft. office building and has 4 fully equipped ops. This practice had a little over $370K in net collections at the close of 2020 and is on target to collect $473,000 in 2021, with 1 doctor working a 3-day work week. Imagine what could be made with a doctor working full-time.
OPPORTUNITY FOR GROWTH: This GP is well established in the community and primed for growth. The practice is grossing $610K. Currently, the seller does all their own hygiene and refers out all specialty treatments. The practice has a large FFS/PPO patient base that can be capitalized on by adding hygiene days and letting the purchaser focus on clinical treatment and specialty procedures. If you are looking for a practice that you can take to the next level, this is the practice for you.
Interested? Call AFTCO today and let us talk to you about Rural Dental Practice Ownership; 480-634-4803!
Here are the reasons why you'll love living in Yuma, AZ.
Cost Of Living In Yuma, AZ
When you compare the cost of living in Yuma with the rest of the country, you will notice that it is lower. The cost of living is more economical, with around 5.5% than the countries average living. This ensures that you can afford to live there even if you are on a tight budget.
Its endowed with all resources and infrastructure like education, health care, and attraction centers. Also, the growing economy has provided more employment opportunities.
Location
Yuma is located at the southwest corner of Arizona. It is along the Colorado River and the California border. The best part about this city is that it is near a river allowing the area to have a cooler effect during summer. Also, the area is very affordable, and the cost of living is not high. This allows the residents to lead a comfortable life and enjoy the peaceful life of living in a small town. Moreover, the town has recreation centers for entertainment. It has a mall, swimming pools, and some fun activities to try as a family.
Things To Do In Yuma
There are numerous things to do in Yuma. If you are an outdoors person, then Yuma is the best place to take a hike. If you love dining, then Yuma has amazing restaurants. Additionally, you can visit the local history and art center to learn a little about the area. Moreover, you will get to see some of the talented works of the local people in the art galleries.
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Extremely affordable real estate, awesome attractions, and great views make it a wonderful place to live.
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