We have a well established multigenerational practice in Spartanburg, South Carolina.
Well, over 30 years of experience in this market. We would like to divest of this practice as we are getting close to retirement.
We have two hygiene operatories, and three clinical operatories for a total of five.
We are booked out in our hygiene department.
We have averaged roughly $900,000 in collections per year over the last four years.
We are in network with insurance companies and we take roughly 12 to 15% Medicaid.
We also do roughly 12 to 15% ortho as an added service to our patients.
We have one hygienist, two assistance, a part-time Ortho assistant as well as two front desk.
Eaglesoft is our practice management software.
We would like to sell the real estate. It is currently valued at roughly $300,000.
We are happy to make sure this is a smooth transition for the buyer. And will do what we can to make sure they are successful.
Our doctor is very experienced in many facets of dentistry. They reached the highest level of continuing education in the AGD. They like stretching and learning more.
There has historically been some associates in this office as well as the dentist.
They currently own a second location, 30 miles away. They would like to just focus on one location as they enter into retirement.
The practice is in a smaller building off of a main four-lane highway in Spartanburg. It's well established. It's been there for over 30 years as a dental office. It has historically been a satellite location that has averaged roughly $900,000 over the past four years. There's a variety of dentistry within the practice. The practice is digital, but uses some charts as well. They have a digital panoramic x-ray but not a 3-D x-ray. They are not placing implants within the practice. This practice is primarily just ordinary general dentistry.
Strengths: The longevity of the practice in the location is known to the community. It has a very good solid patient Bass.
Challenges: This is a satellite office. The main dentist works in there two days a week. There have been associates that have worked in there from time to time. A full-time focus dentist could really do well in this market.
Opportunities: This is a general practice that does not incorporate anything unusually advanced except for roughly 130,000 in Orthodontics. The main dentist has historically done that as a service to the community.
https://ddsmatch.com/practices/467980/