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Practice Profile: Be the Only Dentist in Town — at Half the Appraised Value

Posted by Bree Simmers on 12/30/20 8:30 AM
Bree Simmers

Small_Town_Dental_Practice_For_Sale

Buy this small-town practice for half the appraised price and be the only dentist in town! The owner was forced to retire for health reasons, leaving patients to drive 25+ miles to the nearest dentist. The local bank is eager to work with a potential buyer to help bring a dentist back to town – so this could be your perfect opportunity to own a practice with an instant patient base.

Walk into this 6-operatory practice in a 2,500 square foot, well-maintained building (built 1990; re-roofed 2016). The full basement provides easy access to equipment, while the main level has a large waiting area, front desk, consult room, lab, sterilization area, private office, and staff area. The building is part of the sale, as well.

The owner performed a wide range of general dentistry, plus implants (with all the instrumentation for placement and restoration) and orthodontics. In fact, the owner is a Master Senior Instructor for the International Association for Orthodontics and is happy to train an ambitious dentist. Likewise, though he is now retired, the seller would love to mentor a dentist in helping them gain the knowledge they need to thrive in the practice.

The seller founded this Wisconsin practice in 1980 and always treated patients like family. As an integral part of the community, the office sent patients birthday cards and participated in town events, with a float in the annual Christmas parade. The owner was also dedicated to helping local Special Olympics athletes and BadgerCare patients. He hasn’t accepted insurance since 1986, so joining a network could boost the patient population.

The building, practice, and equipment were appraised at $415,000 in 2016, but since the owner was forced to retire and sell the equipment, he is willing to sell the building and practice for $200,000 to the right buyer.

The seller explains, “I would be willing to sell all of it and help a dentist learn. I hope to find someone who will take care of the community’s dental needs for the next 20-30 years. The community has been good to me and my family, and would be good to someone else’s if given the chance.”

Indeed, the community is perched on the Wisconsin shore of the Mississippi River, just across from Iowa, with ample fishing, boating, and outdoor recreation opportunities, plus schools, restaurants, and a close-knit community.

As other dentists have noted, small-town practices can be very lucrative while offering an ideal work-life balance. See how several ADAPT supporters have described their small-town careers, including Dr. Christy Rens, Dr. Daniel Hall, Dr. Jim, and Dr. Dean Hussong.

Buyers may even be eligible for loan repayment programs through the National Health Service Corps (NHSC) or the Wisconsin Health Professions Loan Assistance Program, as the area could be considered underserved.

Purchase this minimal-risk practice and be immediately productive. It’s perfect for the dentist ready to forge their own path in a community that’s eager for a dentist.

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Topics: practice profiles


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