Kendall 7-chair dental practice in prime location

Miami, FL

$425,000

Listing ID

FL5160

Specialty

General Dentist

Annual Collections

$600,000

Asking Price

$425,000

Operatories

7 Ops

Floor Space

2,080 sqft

Details SOLD

DETAILS

Kendall office in a prime location with 7 chairs from a retiring dentist in a large retail plaza with many anchor tenants. The office has consistently averaged approximately $600,000 in collections over the past several years. The owner works in the office up to 3.5 days per week, and the hygienist sees patients 4 days per week. The office pays $7,200 monthly gross rent for 2,080 SF of rentable space, with 1 year left on the lease and a 5-year renewal option.

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Acquisition Price

The total purchase price of the practice.

Down Payment

Cash contribution towards the purchase.

Loan Amount

The total capital amount required for the acquisition or project, including working capital.

Rate (%)

Estimated annual interest rate. Current commercial practice rates typically range from 7-9%.

Term (Yrs)

The amortization period of the loan. 10 years is standard for practice acquisitions.

Collections

The annual gross revenue collected by the practice before any expenses.

$800k

Overhead %

Total operating expenses expressed as a percentage of revenue. Typically 55-65% for general practices.

60%

Personal Annual Debt

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Est. Monthly Payment

$9,100/mo

DSCR Ratio --x

Debt Service Coverage Ratio (DSCR) measures the practice's ability to pay debt with cash flow. Lenders typically require >1.25x.

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