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|Ref# 4067||Gross Revenue||Appraised Value||Asking Price||Cash Flow|
Sale Structure: Share Sale
ROI Corporation is pleased to present a very unique opportunity for collaboration. Our client is a dual trained, certified and licensed Orthodontist and Periodontist. Currently, practice revenues are comprised of ~48% orthodontic treatments and ~52% periodontal treatments (including TMJ treatments).
Our client is looking to you to purchase the entire practice; an operation that he defines as an “occlusally centered practice”. If you are an orthodontist who fits - and shares his vision - he will stay on as your full-time associate periodontist. If you are a periodontist who fits - and shares his vision - he will stay on as your full-time associate orthodontist. He has much to offer in the realm of mentorship for TMD diagnosis and treatment, having appeared as an expert witness related to this subject on many occasions.
At a projected cost of ~$100,000, the current suite is undergoing significant renovation, nearly doubling in size on the main level. It will result in a ‘space’ conducive to either independent practice (essentially) or on the other hand, the truest form of group practice. As the new owner – you get to decide! The potential for this practice to eventually morph into a multi-specialty center of excellence is there.
The value of the practice as stated above does not include the upcoming renovations and clinic improvements. As such, the price will be adjusted when this work is complete.
The Vendor is a 33.33% owner of this well situated building (which boasts ample parking and high visibility). It is currently going thru a major retrofit of the ventilation system. Subject to the approval of the other building partners, an option to purchase the building exists for the practice purchaser.
Saltscapes magazine (Nov|Dec 2015) has called the Province’s capital “a city that punches above its weight.” Further, going on to say, (it’s a) “Smart city - winning kudos for entrepreneurship and innovation; it’s the people and university that give Fredericton its creative edge.” There are currently 5 Orthodontists in Fredericton (15 in New Brunswick), 1 Periodontist in the city (5 in NB) and 40 GP Dentists in the city (289 in NB). New Brunswick has a population of just under 800,000.