Company Overview
American HealthCare Capital is pleased to introduce a well-established, highly reputable, fee-for-service general dentistry practice in Davis, California. The practice was established in 1993 as a general dental practice in Davis, California. The current dentist-owner maintains a philosophy of quality of care over quantity of patients, and thus the practice has been attracting fee-for-service patients looking for high-quality care and a great patient experience.
The practice offers a full range of general dental services, and the estimated percentage of revenue breakdown is as follows: 25% Diagnostic and Preventative, 25% Hygiene and Periodontics, 25% Crown and Bridge, 15% Restorative, 7% Ortho, and 3% Other Treatments. All Oral Surgery, Dental Implants, and Endodontics are referred to local specialists, which would be a great upside opportunity for a new owner to capture that revenue by performing those services in-house.
Financial Overview
Gross revenues have been in the $1.4 million range over the past couple of years with an adjusted EBITDA margin of around 42%. In 2023, they are on pace to gross $1.52 million with an adjusted EBITDA of $660,000.
The practice does not participate in any PPO or HMO Plans. However, it enjoys an average of 25 new patients per month. The state-of-the-art facility consists of a lone stand building of approximately 2,000 sq. ft and is equipped with six dental operatories. There are two additional rooms that can easily be converted to allow for a total of eight treatment rooms. The real estate is owned by the practice owner and is not included in the asking price of this opportunity, but it is available for purchase as an option to a prospective buyer.
Staff Overview
The practice employs a team of seven people including 2 dental hygienists. All team members are expected to remain with the practice post-closing. The owner dentist is willing to stay on and work for the new buyer up to several years post-closing to ensure a smooth transition and help the practice grow further
Asking Price
The asking price for this opportunity is $3 million, excluding any accounts receivables, cash, and inventory. The Seller is willing to review all reasonable offers and deal structures.
