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|Ref# 4136||Gross Revenue||Appraised Value||Asking Price||Cash Flow|
|Status: Conditionally SOLD||~$1,833,600||$1,592,570||$1,625,000||~$839,550|
Sale Structure: Asset Sale
St. John’s, NL
This thriving 8 operatory general practice is just too good of an opportunity to pass up. High gross and tremendous cash flow. Between the owner and associates over 75 hours of patient care is delivered each week. The team of hygienists provide over 120 hours – and this is all with only two evenings per week and no weekends in the appointment book!
All aspects of dentistry are performed, with an emphasis on complete care. Ninety minute new patient exams for adults are the norm. In addition to taking a full history, discussing past experiences and conducting a thorough exam, the practice places a strong focus on patient education.
The practice has been utilizing electric handpieces, intraoral cameras, a diode laser, digital imaging and Cerec® technology for several years. All clinical areas are computerized.
Not only as the largest city in Newfoundland & Labrador but as one that is rich in culture and history and with a growing, vibrant population, St. John’s is a great place to do business. This capital city is served by an International Airport (YYT), which is currently undergoing a major expansion. Besides an increase in the size of the terminal building, technology that allows aircraft to land and take-off in conditions of very low visibility has been added. The installation of this technology increases the usability of the airport to 99 per cent, putting it on par with all major airports in Canada.
As the province’s hub of economic activity (e.g. service industry, finance, manufacturing, retail, etc.), St. John’s is home to much of the province’s public sector, a large university and numerous colleges, and is a support center for the eastern Canadian offshore oil & gas industry. As a result, St. John’s offers the entrepreneurial practice owner a dynamic and diverse patient base. Additionally, the average household income in the city is 5% higher than the Canadian average.
The purchase of the practice Real Estate is an option for qualified buyers who so wish to consider this.
Please contact Dr. Jeff Williams if you are serious about learning more about this incredible practice.