Successful dental practice of 32 years for sale…but it is the wonderful community that makes this offer so rare. Madison, Indiana is a beautiful, historic mid-western town, wholesome and safe. We built our home on 20 acres and have a small farm where our 4 children grew up. They were involved in many projects, sports, music events and raised animals to show at the 4-H fair each year. This is the idyllic place to raise a family, where children learn about work and responsibility; where they learn to love the land, animals and nature. Our now grown children all express that they loved growing up here.
Our friendly community has cultural and civic activities as well as fun music and food festivals. There is a community college and a nearby private college. The outdoor farmers market is just steps from the beautiful Ohio river. There’s an amazing state park with hiking trails, waterfalls and a nature center. This wholesome town with its warm welcoming hospitality is charming, and it’s a place to get away from the traffic and air pollution of the big cities.
The schools and classrooms are not over-crowded which makes getting into sports, music, theater and extracurricular activities easier.
This area offers very affordable housing and land. The low cost of living and the high dental income is a great combination.
The dental office offers 7 operatories, cone beam x-ray, scanner, Dentrix software and the option to purchase the building and expand in the future.
Come and see Madison! We are 50 minutes from an international airport, and 1 to 2 hours from three major mid-west cities. (Louisville, KY; Cincinnati, OH; Indianapolis, IN)
BUSINESS SUMMARY
Overview: This practice was established in 1991 and currently provides general and family dentistry for all ages. Located in charming, Madison, Indiana, the practice is approximately 1 hour from Louisville, KY, and Cincinnati, OH and offers a wide range of dental procedures including diagnostic, restorative, and preventative, prosthodontic, oral surgery, and some periodontal procedures. Opportunities exist to add ortho and implant
procedures. There is 1 hygienist but room for 2 or more. There is a huge opportunity to expand into Medicaid if so desired. This practice provides each and every patient a trustworthy, kind and reliable atmosphere.
After 33 years of faithful service to the patients, the doctor is ready to retire, and pass this practice to the next owner. While the practice has seven equipped operatories, with nearly 3,500 square feet, there is room to add 2-3 operatories as the business expands. The opportunity for this practice is huge. At it’s peak, this practice was collecting in excess of $1.8MM. The practice owner is willing to sell or lease the real estate. The building features an additional 1,500 square feet that is currently rented and generating cash flow for the owner. This additional space can continue to be rented in the future, or used to further expand the practice. The real estate also features a 480 square foot garage and a 144 square feet storage shed. The practice currently offers services only four days per week and has the opportunity to expand days / hours. The payor mix is approximately 35% insurance, and 65% fee for service (no Medicaid currently). The practice is currently supported by one hygienist, two dental assistants, one office manager and 2.5 front desk personnel. With a motivated owner, this practice is poised for growth and is a perfect opportunity to buy an affordable practice & build your legacy!
This is a unique opportunity to purchase a turnkey practice at an affordable price in a great community. The practice generates $323,000 in annual Seller Discretionary Income at 4 days a week, and has the potential to generate significantly more. This practice affords the purchaser the opportunity to buy the real estate! The seller is motivated and is willing to work with the purchaser on a successful transition. For a motivated purchaser, this is a great opportunity to own and build your future!
OPPORTUNITY
Retiring dentist selling GP
practice in lovely Madison,
Indiana.
COMPANY PROFILE
Type Practice: GP
Locations: 1
Employees: 7.5
# of Operatories: 7
Square Footage: 3,496
Founded: 1991 ( last 26 years in
same location)
2022 FINANCIALS
Production: $834,000
Collections: $813,000
Seller Discretionary Income:
$323,000
ADVANTAGES
*Strong base business
*Huge growth opportunity
*Great location on major roads
*Strong brand awareness
*Room to expand
*Real estate purchase option
CONTACT:
Practice Transition Advisors
Matt Straub
(502) 298-8120
Linda Wehner DMD
(812) 701-9518