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|Ref# 4205||Gross Revenue||Appraised Value||Asking Price||Cash Flow|
|Status: Offer Registered||$557,740||$479,270*||$550,000**||$201,320|
Sale Structure: Share Sale
* practice only **practice and property
Annapolis Valley, NS
This established solo practitioner has worked in the same location for almost 15 years. This is a 3 operatory general practice (with space to easily expand to 6) that provides a range of basic dental services, with the exception of periodontics and orthodontics. A moderate number of procedures are referred out; primarily molar endos, complex prosthodontics, oral surgery and virtually all orthodontics. Two fulltime hygienists are part of the team; treating about 12-14 people per day (on average) between them.
Approximately 1,430+ patients regularly seek care at this practice; including families and individuals from all age brackets. This is an assignment practice, but the accounts receivable are very well managed - at less than half a months’ gross.
This retiring dentist is flexible in terms of working part time for the purchaser as their associate post-closing, subject of course to negotiating terms and conditions that are acceptable to both parties.
The professional corporation owns both the practice assets as well as the Real Estate. Our client insists on a complete sale (i.e. both practice and building). The asking price of $550,000 includes the practice, the Real Estate and the assumption of debt (approximately $230,000). More details on the property (recently valued at $335,000) are available on request to qualified buyers.
This is truly a turnkey operation and is only a 40 minute drive from Bedford!
Contact Dr. Jeff Williams today for more details.