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Listing ID: 2970620

Dental Assistant School Nets $57K For Sale

Monmouth, New Jersey, United States

$ 65,000

(Furniture / Fixtures and Inventory / Stock included)

Revenue: $ 115,966

Cash Flow: $ 57,978

Business Description

Highly respected dental assistant training program that caters to people of all skills and experience levels. They are a well-known successful training center that has served Central Jersey for the past thirty-five years. For the past few years the owner has reduced their work hours due to pending retirement, which can be increased resulting in a substantial increase in net profit. Based on the limited hours of operation the company has a 2017 gross income of $115,966 and a net yearly income of $57,978. While their reputation is nationwide, they operate strictly out of a specific location in central New Jersey. Their goal is to assist their students to work towards obtaining all levels of NJ-based dental assistant credentialing they desire. This includes assisting their students to prepare for and obtain a dental x-ray license, a Certified Dental Assistant certificate, and to become a Registered Dental Assistant. The company has been consistently recognized for the high percentage of students who complete their courses and go on to pass a DANB (Dental Assisting National Board). DANB's role is in part to create and administer examinations that are part of the requirements to obtain a dental assisting credentials in NJ. Most recently they were notified a full 100% of the students who took their Radiology course went on to pass the exam allowing them to obtain their dental x-ray license. For Qualifications purposes, this business opportunity industry requires the following government licensing to operate, A CDA, RDA, and dental x-ray license are highly recommended as students will be studying to obtain these credentials themselves. An x-ray license is required to teach radiology, whereas the CDA and RDA are only recommended. Additionally, radiology instructors must also successfully pass a course entitled “Educational Theory and Methodology for Dental and Allied Health Educators”. Regarding the employees and payroll, this service company routinely has four part time employees who are unaware of the pending sale. The payroll is essentially based on an hourly basis, the staff is fully expected to remain post-closing, and the monthly payroll expense is approximately $3,233. The business transaction will offer a new commercial lease which expires 2019-01-01, plus additional options available, with a monthly rent of $750, cost per square foot is estimated at $10.61 and rent security of approximately $1,500. This is a dependable safe business opportunity and based on the asking price, required down payment and yearly net income, this business expects to supply a consistent return on investment to the owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and the photo does Not represent this particular business opportunity.

Property Details

Size:

700

Property Type:

Lease

FF&E:

$ 66,000

Inventory Value:

$ 1,500

Other Details

Business Location:

This successful facility, which consists of approximately 700 square feet has a professional appearance. This opportunity is in central New Jersey, Monmouth County, which consists of various highly populated communities with continued demand for this industry.

Competition:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.

Expansion Potential:

The business can be further expanded by the new operator, it presently has a limited marketing plan, no local advertising, and a basic web site. Additionally, Attendance was down from 2013-2015 due to a family illness that led to the offering of fewer courses. The demand had not changed, only our ability to offer the same number of courses. The opportunity for increased rates is a very real possibility. Due to time restraints of the owner, they stopped offering Infection Control office trainings. These required on site trainings depending on the number of employees bring in $500-3000 per office for a single presentation. Course materials may for certain courses be sold as a manual for students unable or unwilling to attend a live course.

Document:

Operation Details

Employees:

4

Support & Training:

The owner will remain post-closing and is prepared to supply an appropriate transitional period to the new owner / operator. Also, if required the seller may be available to supply additional training, at a fair cost to the purchaser.

Miscellaneous

Reason For Selling:

The owner is retiring after many successful years.

Contact this seller

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