Practices For Sale - Kentucky
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Burlington, KY - Northern, KY / Cincinnati Metro Area - Practice For Sale: Growing area near Airport. Beautiful facility in great location. Collected ~$397,000 in 2015 on ~3 to 3 1/2 day work week. No Medicaid. 5 operatories. Major equipment is quality -- Adec. Dentrix software. Computerized operatories with digital x-ray. Amalgam free. Nitrous plumbed to all operatories. Intra-oral cameras all operatories. Active hygiene recall. Practice owner also owns building. Prefers to sell bldg. to practice buyer, but will lease it with an option to buy later. #RB421GDSR
Louisville, KY - Practice For Sale: (New Listing) Ideal as primary practice to buy and grow, or as a satellite practice. Visible location on high traffic highway. Attractive building, attractive / modern interior design, very nice, modern equipment, digital x-ray, Eaglesoft software. Collected approx. ~$448,000 in 2015. Plenty of room in the office to grow -- provides great future potential for the right buyer. #D401GDSG
Hazard, KY Region / Middlesboro Area - Practice For Sale: (New Listing) Practice has collected between ~$540,000 and ~$580,000 in recent years. 5 operatories. Strong new patient influx. Practice owner also owns the building, and will either lease it or sell it to the practice buyer. Depending on the buyer's preference, owner will either leave immediately at the time of the sale, or stay and work for the buyer for up to 1 year to assist in transition. Reason for sale: Owner desires to relocate and work as an employed associate. #S389GDSH
Owensboro, KY - Practice For Sale: (JUST SOLD) Annual collections ~$277,000. Good opportunity for dentist wanting to make a moderate investment to get into his / her own practice, then grow and develop it further. Attractive office, nicely equipped, in good location. Digital x-ray, computerized operatories with 2 monitors in each treatment operatory, Kavo electric handpieces, nitrous oxide, Dentrix software, I-O camera, 3 operatories equipped with a room suitable to add a 4th. Less than 1% Medicaid. Only one PPO / in-network insurance plan. Growth opportunity created by the ability to add more PPO plans, such as Delta Dental, etc. Practice owner also owns the office condo, and will either lease it to the practice buyer, or also sell it, depending on the buyer's preference. City population approx. 58,000. County population approx. 96,000. Situated on the Ohio River, Owensboro has a riverfront park and a downtown transformation project in progress that is to include a new hotel, a 169,000 square foot convention center, and a new hospital. #D386GDSR
Louisville, KY (East Louisville -- St. Matthews) - Practice For Sale: (New Listing). Attractive office in great location in St Matthews, just off Shelbyville Road. High traffic area for visibility. Area has good educational level, and good socio-economic mix. Located just a few minutes from upscale neighborhoods. This practice has opportunities for growth, given that the owner does not accept emergencies and accepts minimal if any children. Many patients in the area would prefer a dentist who will also accept and treat their children, providing the buyer an opportunity for growth. Owner also refers many treatments that typical buyers can do. Moderate investment to get into this practice, then work to grow and develop it further. Collections in 2015 were ~$220,000. ~20% of collections are from more advanced dentistry or full mount restoration. No Medicaid. 5 operatories. Owner also owns the building and prefers to lease it to the practice buyer, but will also sell it if the practice buyer desires to buy it. At buyer's choice, owner will leave immediately following the sale, or stay and work part-time for the buyer for some period after the sale to mentor and assist the buyer and help in transition. #A387GDSH
Central, KY -- Practice For Sale: (New Listing) Annual collections ~$500,000 on just a 3 1/2 day work week. Ideal situation for either:
1.) An existing Bardstown, Danville, Harrodsburg, Louisville, Elizabethtown, Frankfort, or Lexington practice that desires to establish a satellite practice; or,
2.) An individual dentist seeking to purchase his / her own primary practice.
Within 35 minutes to Bardstown and Danville, ~40 minutes to Harrodsburg, 1 hour to E-Town, and 1 hour & 15 min. or less to Louisville, Lexington, or Frankfort.
Over 1,500 periodic exams in year 2014 suggests a solid patient base. 4 operatories, 2 for dentist, 2 for hygiene. Computerized operatories with Digital x-ray. MOGO software. Low monthly office rent. Located in a city with 5,500 to 6,000 population, in a county with +/-19,000 population. #BW389GDSD
Morganfield, KY - Practice For Sale: (New Listing) Located ~30 minutes from Henderson, KY. Collections in the $414,000 per year range on a 3 day work-week. Profit margin in the 50% range with personal expenses, elective expenses, and non-cash deductions not considered. 4 operatories. Digital x-ray. Diagnodent. Dentrix software. No Medicaid. Only accepts one PPO in-network insurance plan. Office building is for sale with the practice and the building is priced at only $60,000 to make a great purchase package for the practice buyer. #WB448GDST
Louisville, KY (Bardstown Road) - Practice For Sale: Ideal for dentist wanting to buy and build up a practice with low front-end investment & purchase debt, then relocate it to a larger office space, or for another Louisville practice wanting to buy and grow a satellite practice. Annual collections ~215K, but active recall base to grow from. 2 equipped operatories with plumbed room for 3rd operatory. #J225GDSM
Bowling Green & South Central, KY Town - 2 Practices For Sale: 2 Practices for sale - both economically priced, no Medicaid in either. Both have Eaglesoft software and refer out ortho., oral surger, and most pedo. Owner would like to sell both at the same time, but would consider selling either separately. 2nd practice in small nearby town is in easy commuting distance from Bowling Green, so buyer of either or both practices could live in Bowling Green. The Bowling Green practice is the smaller of the two in terms of annual collections, collecting about $126K per year on a 12 hour per week work schedule. It offers some unique opportunities, because it is well located, in a nice office, and is recently equipped. It has 3 operatories and is plumbed for 4. It also has a very favorable long term lease. The rent for approximately 1,480 square feet is only $1,257.50 per month - with about 11 years remaining on the lease. So, much of the value in this practice comes from its equipment, and the potential ongoing savings a buyer could enjoy by taking over the long term lease. It would be ideal for: (i) a Bowling Green area practice, that wants to move into a nicer office space, who could buy this practice, move there, and merge this patient base into his / her own for growth in the process; (ii) a dentist thinking of starting a practice from scratch in Bowling Green, who could get into this nice office for far less than the cost of setting one up, and have some patient base to then help jump start his / her practice; or, (iii) a practice in a town near Bowling Green, looking for an economical way to start a satellite practice in Bowling Green. The 2nd practice, in a nearby small town, collects about ~$200K per year on a 2 day work-week. Both of these practices can be purchased together for just $189K. Separately they would be priced at $110k and $86K respectively. The office facility in the small town is owned by the practice owner. It has 3 operatories and is plumbed for 5. Depending on the practice buyer's preference, he would either lease it to the practice buyer for $1,250 per month, or sell the building for $259K. Contact us for a better understanding of each or both of these opportunities. #F226GDSD
Louisa, KY - Practice For Sale: Ideal for either: (i) an existing practice in the Ashland to Paintsville region that wants to obtain and grow a satellite practice; or, (ii) a dentist seeking to establish and grow a practice, that wants to do so with far less cost than typically required for a start-up practice. 3 operatories. Collections ~$176,000 per year. Located in nice office space. Practice owner owns office space / condo, and desires to sell it along with the practice.
One Hour From Lexington, KY Area - Practice For Sale: Suitable as primary office, or satellite practice for practices in the Corbin to Richmond region. Year 2012 collections +/-$300,000 on 2 day work week. Owner indicates significant opportunity for growth by accepting additional PPO's and/or Medicaid. Owner willing to stay and work for buyer, if buyer purchases the practice as a satellite practice and needs 1 to 2 days a week in production assistance from the seller. Seller will leave immediately if buyer prefers that. #J333GDSF
George D. Stollings, DDS