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|Ref# 4174||Gross Revenue||Appraised Value||Asking Price||Cash Flow|
Sale Structure: Share Sale
An 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 the practice in 2014.
The practice operates four days per week, Monday to Thursday with extended hours on Thursday evening. The practice is closed Friday, Saturday and Sunday. Two dental hygienists provide 6 days of hygiene per week and hygiene services contribute approximately 40% to total revenue. 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).
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 patient files. Patients of the practice are long-standing; some of whom represent 3 generations of family members. The office does limited marketing and promotion activities, yet continues to enrol 60 new patients per year on average.
The attractive, updated 1,164 sq. ft. office is equipped with 3 operatories. All radiograph equipment including the panorex are digital.
The owner is willing to assist in a transition until the Fall of 2017.
Additional Purchaser/Advisor Information:
- A Practice Profile is available for those who have completed a ROI Corporation Confidentiality Agreement
- Currently confidential visits to the practice (after hours) are available upon request
- Practice Appraisal will be released to interested parties on Monday, April 10, 2017
- ROI Corporation will prepare your Conditional Offer using our standard template for your lawyer’s review
- Offers are due on or before 6:00pm on Friday, April 21, 2017
- The Vendor will respond to offers on Friday, April 28, 2017
- Preference will be given to those who submit a 10% deposit payable to “ROI CORPORATION IN TRUST” with their conditional offer
- Conditional period will conclude on Friday, May 19, 2017
- Our client prefers a closing date of Friday, June 30, 2017
For more information or to schedule an appointment, please contact Ann Wright.