Details - Information last confirmed on May 28, 2021
Listing ID # 33218
This modern NY based Orthodontic Lab has been family owned and operated for over 40 years. Even though there were closed from mid-March - June 2020, their year end sales were down less than 2% from 2019. They service many 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 and many other niche Orthodontic Appliances. 3D printed models have been a source for very strong growth. The sale price also includes rights to a US patent for Clear Retainers that were created by the seller. In the past five years the business has grossed just over $1 Million in sales, with a net cash flow of approx. $300,000.00. In addition to the owners, there are 5 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 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. To learn more, please call, text or email broker. All meetings must be scheduled by appointment only!
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