Dental Practice In Bangor For Sale

Description

Dental practice for sale in Bangor, Maine. The practice operates from a modern freestanding facility and has a large existing patient base, with the seller willing to remain after closing under an employment agreement.

Financials

• Practice asking price: $1,090,000
• Accounts receivable excluded from the practice price
• Annual gross revenue: more than $1.5 million
• Recent annual collections: approximately $1.7 million on average
• Optional real estate purchase price: $775,000
• Alternative property lease: approximately $4,200 per month

Buyers should review collections, production, adjustments, accounts receivable and owner compensation separately when evaluating practice earnings.

Facility

• Approximately 3,665 sq. ft. of dental office space
• Approximately 2,040 sq. ft. of basement storage
• 11 operatories
• 10 operatories currently equipped
• Freestanding property

The seller states that the office is approximately one mile from two major hospitals and serves a broad regional patient market.

Equipment

• Nine digital X-ray units
• Panoramic X-ray system
• D4D crown milling unit
• Waterlase laser
• Sterilization equipment
• Existing operatory equipment and dental fixtures

Patients and schedule

• Approximately 5,000 active patients
• Approximately 45 new patients per month
• Open four days per week
• Three full-time employees
• Three part-time employees
• Two hygienists included in the current staffing structure

Buyers should confirm how the practice defines an active patient and review new-patient, recall and hygiene statistics through the practice-management system.

Seller transition

The selling dentist is willing to remain with the practice after closing under a separate employment agreement. Compensation, schedule, restrictive covenants, clinical responsibilities and the expected transition period should be negotiated as part of the transaction.

Real estate options

The buyer may lease the property for approximately $4,200 per month under terms to be negotiated, including a stated right of first refusal, or purchase the real estate separately for $775,000.

Buyers should review the lease terms, property condition, taxes, maintenance responsibilities and any financing implications separately from the dental practice acquisition.

Due diligence

Buyers should verify historical production and collections, procedure mix, hygiene revenue, payer mix, patient retention, accounts receivable, equipment ownership and condition, employee compensation, lease or property terms, malpractice coverage and any prepaid patient balances before closing.

Dental practice ownership, clinical services, patient records, radiography, professional licenses, payer enrollment and prescribing remain subject to applicable Maine and federal healthcare requirements. Existing provider credentials and payer agreements should not be assumed to transfer automatically.