Well-respected, small dental practice with room for growth
Open 9 to 5 with one hour lunch four days a week and an occasional Friday operation. Has one employee who works as an assistant in the practice. This practice works with most insurance companies, with only 5% of the practice in out-of-network operations. A large percentage of the work done is restorative. It also does diagnostic, periodontic, some implants, endodontics, and oral surgery.
The leased practice building is approximately 1,800 sq ft. Completely furnished and equipped, from office furniture and dental chairs to x-ray, sterilizers, and Dentimeq.
The company has a strong and informative website. They have superior ratings on google and the Internet. They do provide night calls. Competition is typical for the industry. However, this business provides the owner flexibility, freedom, and room to add new customers. Whereas many other practices have long waiting lists, this operation is flexible and lean.
Customers generally tend to be high-end and can afford good quality service. The limited working hours allow the owner to enjoy their hobbies and interests, such as enjoying the beach, playing tennis, and traveling.
Marketing is probably one opportunity for someone to grow the business significantly. The current leadership does not do things like tracking customers or maxing out social media marketing platforms. Part of their marketing includes asking for patient referrals. They have a great thank-you system in place. They also do marketing by being part of the different chambers of commerce, business associations, etc. However, due to the company’s reputation, referral system, and great location, they have a steady flow of new patients regularly.
The owner is of age to retire and ready for something new. He has had and worked in other practices over the years. He’s done this for 10 years at this location and is ready to help someone take over and guide this to a new level.
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