Company Overview
American HealthCare Capital is pleased to introduce a multi-location Dental Practice for sale in the Midwest. This is an opportunity to invest in one of the very well-known niche and fast-growing dental brands focused on Emergency and General Dentistry. Established in 2015, the clinics are situated in retail settings with great signage, visibility, ease of access, and parking. An average-sized dental clinic has six dental operatories and is situated in approximately 3,000 square feet of leased space. A few of the offices have additional operatories ready to be equipped for further growth and expansion.
The multi-location dental practice has grown since inception as a De novo both organically and through recent acquisitions to a total of 10 locations and is in the process of acquiring an additional 4 locations throughout 2023. The Company now employs 78 people, including 12 dentists and 2 dental hygienists on W-2, as well as two additional independent contractors.
Each practice location averages approximately 75 new patients per month. New patients are generated from various sources, including Walk-ins, Drive-by, Google Ads, Facebook, and the company’s website. Depending on location, the patient demographics are approximately 35-50% Medicaid, 20-30% Cash, and the rest are PPO insurance.
Financial Overview
The following table shows the stellar financial performance of this multi-location dental practice with $4 million EBITDA.
| 2019 | % | 2020 | % | 2021 | % | 2022 | % | 2023* | % | |
| Gross Revenue | 4,319,279 | 7,777,796 | 9,919,571 | 11,337,791 | 12,500,000 | |||||
| Adjusted EBITDA | 1,292,786 | 29.9 | 3,220,290 | 41.3 | 3,472,848 | 35 | 3,995,550 | 35.2 | 4,375,000 | 35 |
Note: Based on Cash Accounting. The numbers shown for 2019-2021 are the actual collection. The Gross Revenue production for 2019 was $4,706,493.00, in 2020 was $7,968.496.00, in 2021 was $10,971,210.00, and in 2022 was $11,176,969.00 The Company’s current A/R is at approximately $2.3M.
*2023 Revenue Projection for this multi-location dental practice with $4 million EBITDA is $15.5M with the planned acquisition of an additional four clinics.
Asking Price
The asking price for this turn-key business opportunity is $30 million, excluding any cash and accounts receivable. The founder will consider all reasonable offers and deal structures from a strategic or a private equity buyer and will consider a majority control sale of her company with an expectation for further expansion and scaling the business to 75+ locations across other regions.
