Orthodontics Practice for Sale in Northwest Denver Metro, CO

What this listing does and doesn't tell you

• The asking price, $709,287. It is CTC Associates's figure, not ours; we put no value on any practice.
• Reported collections of $850,000, as the broker states them.
• An adjusted net of $450,000. "Adjusted" means the broker or seller changed the raw profit; see the add-back question below.
• Size and reach: 4 operatories, 1,200 sq ft.

patient count, new patients per month, lease terms, rent, staff size, year established, software and technology, reason for sale. A blank is not bad news, it is a question for the broker.

• How the adjusted figures were built. Add-backs are adjustments, and each one should have a document behind it.
• Whether collections match the tax returns and the practice-management reports.
• How much of the production comes from the owner, and what happens to it after the owner leaves.
• Lease renewal options, who must consent to an assignment, and the landlord's history.
• Payer mix, how "active patient" is defined, recall and hygiene numbers.
• Equipment condition, staff contracts and compensation, and any pending issues.
• The practice name and address. The broker keeps these confidential until their own NDA.

This is a plain reading of the page, not advice and not a valuation. Your CPA, attorney and lender check the rest.

Questions to ask the broker

1. May I see the add-back schedule behind the adjusted net, line by line, with the support for each?
2. Do the collections match the tax returns and the practice-management reports for the last three years?
3. What share of production is the owner's own, and what is the transition plan?
4. What are the lease terms, the renewal options and the landlord's consent requirement?
5. How is "active patient" defined, and what is the payer mix?
6. Which equipment is owned, leased or near replacement?
7. What is the process and timeline from here, and is there a deadline for offers? Why?
8. How are you paid, and do you represent anyone other than the seller in this sale?

Your questions go straight to CTC Associates; we never see them. Save notes on this practice in your workspace above, then take the same list to your CPA.