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|Ref# 4174||Gross Revenue||Appraised Value||Asking Price||Cash Flow|
|Status: Conditionally SOLD||~$592,740||$746,550||$751,000||~$260,940|
Sale Structure: Share Sale
A excellent, general practice is offered for sale in this growing, vibrant, family-oriented suburb of Ottawa. Located in a small strip plaza, this solo practice has been located in the same space for over 35 years. The current owner purchased it in 2014.
The practice operates four days per week, Monday to Thursday with extended hours on Thursday evening. The practice is closed Friday and Saturday. Two dental hygienists provide 6 days of hygiene per week and hygiene services contribute approximately 40% to total revenue. The current owner has implemented comprehensive recall and educational programs designed to educate the patients on the value of more frequent hygiene care. This has increased hygiene revenue substantially.
Gross fees have increased steadily over the last 3 years and are expected to increase by 10% to $593,000 by year-end (April 30th). This growth has occurred in spite of the owners reducing the previous owner’s schedule by one day.
The practice is strongly committed to serving the best needs of the patients in a friendly relaxed atmosphere. We estimate that there are approximately 750 active patients who have been with the practice for decades, some of whom represent 3 generations of family members.
The attractive, updated 1100 sq. ft. office is equipped with 3 operatories. All radiograph equipment including the panorex are digital. There is additional opportunity to expand into the next suite. Approximately 2,000 sq. ft. are available which could be partitioned off into smaller suites.
The owner is willing to assist in a transition until the fall of 2017.
- CONFIDENTIAL VISITS by personal appointment
- PRACTICE PROFILE and APPRAISAL are available now
- OFFERS (Professional Corporation) are being accepted NOW
- OWNER will respond to OFFERS WITHIN ONE WEEK
- CLOSING TBD
For more information or to schedule an appointment, please contact Ann Wright.