VA25 NORFOLK

This is a wonderful opportunity for an experience dentist to own an excellent practice in the Hampton Roads Tidewater area of Virginia. This office is located on a main street in Norfolk in a professional building with free parking. The practice has been in existence for almost 60 years and for almost 30 at the current location as the seller’s father was also a dentist. The office is in a 2800 square foot, 8 treatment room facility and has handicap access. Because of the Navy and military facilities in the area this is a growing city with a big upside potential. The practice refers out the following procedures; endo, ortho and perio. The seller has started to perform some implant placements but does refer some out. If the buyer can perform all or some of these procedures it will increase the revenue. There are now two dentists in the practice, the new buyer will replace one of the dentists and the owner will stay on after the sale which makes it a smooth transition. The practice belongs to a local group of large practices that contributes to lowering expenses for supplies, lab, etc and allows them to get higher fees in the insurance plans. The group also offers continuing education opportunities that are not normally available locally. The practice has Softent dental software. This is a gem and has a great upside for revenue growth to the new owner. This practice is very profitable and both the revenue is on the path to increase for 2016 and the expense are decreasing. This means that the profit will be even higher for 2016.