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|Ref# 2098||Gross Revenue||Appraised Value||Asking Price||Cash Flow|
|Status: Conditionally SOLD||$331,020||$173,050||$125,000||$186,560|
Sale Structure: Asset Sale
Murray River, PEI
Gross revenue increased by 3% from $321,967 in 2014 to $331,659 in 2015. This increase occurred even though the Vendor's annual hours decreased by almost 25% from 1,536 hrs in 2014 and 1,159 hrs in 2015.
Be as busy as you’d like to be! The current owner is only working 3 days (28½ hours) per week, and this is by choice. This long-established general practice has been faithfully serving patients in southern King’s County for just under 40 years. Although a small community, the drawing area consists of well over 5,000 people. Two dentists currently serve this area.
The practice consists of two very large operatories, spacious lab/sterilization area, cozy reception room and a small, but functional, business office. There is also a private office. The patient washroom has been newly expanded and renovated. Conceptual plans have been drawn for an expansion to the building which would allow for a third operatory. This extra space would enable the easy addition of a hygienist into the practice, something that would be a tremendous asset.
As an additional feature, the building in which the practice is located is also for sale. This 0.88 acre property and building, which must be sold along with the practice, has a bright 3 bedroom upstairs apartment, making it ideal for a dentist who wishes to reside as nearby as one can get! The selling dentist and his family lived in the apartment for many years. It would serve as a comfortable refuge for an itinerant dentist as well.
For more information or to book an appointment, please contact Dr. Jeff Williams.