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Modern Orthodontic Lab And Building In Nassau County For Sale

Nassau County, New York, US
Asking Price:
$985,000
Sales Revenue:
$1,140,809
Cash Flow:
$302,074

Modern Orthodontic Lab & Building-33218

This modern NY based orthodontic lab has been family owned and operated for the past 40 years. They service approx. 250 accounts throughout LI and NYC Metro Area. Their clients include Orthodontists, Pedodontist and General Dentists. Product lines include Traditional Orthodontic Appliances as well as Clear Invisible Retainers, Sports Guards and other niche appliances. The 3D printed products have been an area of very strong growth. In fact, the sale price includes a US patent for a particular product created by the seller. In the past three years the business has grossed just over $1 Million in sales per year, with a net cash flow of approx. $300,000.00. In addition to the owners, there are 7 employees (most have been working here for over 8 years). The owners would be willing to sell or lease the building as well. The sale price would be $525K for a stand alone professional building, with its own parking lot. 1,200 sq. ft. space (with full 1,200 sq. ft. basement) zoned as a professional office. If leased, the rent would be $4,200/mth., triple-net with at least a 10-15 year lease (for a qualified tenant). The owner is looking to retire, but understands the sensitivity of such a sale and would be willing to stay on for 1 year or longer in a transition phase, if necessary, to help maintain continuity of staff and clients. We are seeking a serious and financially qualified buyer. The financial record keeping is solid and the business would qualify for SBA financing, especially with a property purchase. Proof of funds will be requested prior to any meetings/conference calls. Visits must be scheduled by appointment only.

Business Operation

Reasons for selling:

Retirement

Employees:
5FT/2PT
Years established:
1980

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

985,000.00 Down & Building is an additional $525K

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