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Sale Structure: Asset Sale
St. Stephen, New Brunswick
An appraisal of this 3 operatory general practice has just been completed. The owner started the practice in 1978 and has remained at the same location ever since. The practice has lots of natural light in its ~1,056 square foot (on the main level) purpose-built facility, with large windows overlooking restful fields and woods. The dentist has only been working 3 days per week (by choice) for the past 2½ years, as retirement is looming. As a result revenues have declined to just under 400k annually (from about 500k when working 4 days per week). The practice has had neither associates nor hygienists during its tenure and although being diagnosed, many procedures are now referred out. Potential abounds!
Currently the equivalent of seven full-time dentists serve a draw area of about 30,000 people. St. Stephen is New Brunswick’s border town, with a population of just under 5,000, is home to world famous Ganong’s Chocolates. The sister community of Calais, Maine (population ~4,000) is right across the international bridge.
The community, through mostly volunteer efforts, has just finished the Garcelon Civic Center (featuring an NHL-sized ice surface, seating for over 1,000, an indoor walking track, leisure and therapy pools, fitness room - among other amenities). An airport offering domestic flights is located only 80 minutes away (in East Saint John) with an international airport just 2 hours’ drive (in Bangor, Maine).
For more information or to book an appointment, please contact Dr. Jeff Williams.