Company Overview
American HealthCare Capital is pleased to introduce a fast-growing dental laboratory for sale in Florida with a long-established record of achievement. This dental lab was initially established in 2003. They have 35 employees and focus on offering exceptional customer service and high-quality prostheses at affordable prices by outsourcing the production to trusted partners domestically and internationally.
In 2012, the company was acquired by a large dental lab group and went through massive expansion and growth up until 2016 when it was acquired by a hedge fund group and eventually shut down. In 2020, the founders were approached by previous clients to rebuild the business again and offer the same level of quality at affordable prices. Thus, the Company was reborn again under the same trade name.
Financial Overview
The Lab is growing again at a rapid pace. In 2020, the Company generated revenue of $598,446.93 with an adjusted EBITDA of $13,803.85. In 2021, they grossed $1,861,662.88 with an adjusted EBITDA of $828,313.25 The Company generated $3,884,832 in 2022 with adjusted EBITDA of $1,911,715.42 The Company anticipates the 2023 revenues to be $4.6 million with an adjusted EBITDA of $1.78 million (38.78%) on a Cash basis.
Asking Price
The asking price for this investment opportunity is $ 9.6 million plus an earnout. The price excludes inventory, cash, and accounts receivable. The owners are looking to remain in the business, working in their current roles and helping to scale the company.
