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Sale Structure: Share Sale
We are pleased to offer an exceptional general practice in Pointe Claire for sale. This 49-year solo practice was established in 1967 and has been located in the current building for over 42 years. The vendor has a commitment to the highest standards of practice, and has been active in local study clubs, the ACDQ, and as part-time faculty at McGill University. He provides all aspects of dental services including a sub-specialty in prosthodontics. However, molar endodontics, most oral surgery and major orthodontics are all referred to specialists.
Concern for his patients’ oral health and well-being is extremely important and is evidenced by the number of loyal patients who attend the practice on a regular basis, including several who have been patients since he opened the practice.
The practice operates Monday to Thursday; however, as of September, the owner has reduced his Wednesday schedule. There is a strong hygiene program in place and two dental hygienists provide 4-5 days of hygiene per week for the approximate 1,050 active patients. Revenue in 2016 was approximately $655,260, with 33% attributable to hygiene. Expenses are extremely well controlled with cash earnings of 46.3%. Year over year, the owner has maintained a steadily increasing gross per hour despite reducing his practice hours.
The 1,252 sq. ft. practice is professionally decorated, bright and impeccably maintained, with three operatories, consult and private office. The radiograph equipment includes panorex and DEXIS. The office is ideally located close to Hwy #40 with abundant free parking and the premise lease has generous renewal terms.
The vendor is willing to associate with the new owner for a period of 6 months on a reduced schedule, in order to facilitate transition with a possible additional extended associate period.
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request to those who have completed a ROI Corporation Confidentiality Agreement
- Confidential visits will be scheduled with interested parties
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
- Preference will be given to those who submit a 10% deposit payable to “ROI CORPORATION IN TRUST” with their conditional offer
For more information or to schedule an appointment, please contact Ann Wright.