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Dental Practices

Ontario

Viewed by 853 people

Ref# 4227 Gross Revenue Appraised Value Asking Price Cash Flow
Status: New $555,510 $606,610 $650,000 ~$242,270

Sale Structure: Share Sale

Niagara Peninsula

This is a charming practice located in a converted residence, where it has maintained a presence for the past 20 years under the current owner. The practice is situated in a residential area of a city in the Niagara Peninsula. It contains 4 operatories in approximately 1,400 sq. ft. and is decorated in a very stylish and attractive manner. The Vendor owns the building and wishes to continue ownership for time being for reasons of financial security. A lease would be written for the purchaser and could contain a first right of refusal for any future sale of the property. The Vendor is planning to retire but would stay for a short transition period if requested.

This is the classic definition of a solo dental practice, employing one receptionist, one assistant and one hygienist. The practice is open 4 days per week. No evenings or weekends.

Highlights of this practice include:

  • Ample free parking at the rear of the building
  • Production was $555,000 for the fiscal year ended August 31, 2017
  • Approximately 22% of the revenue came from hygiene
  • Good cash flow
  • Many procedures are referred out each month
  • No advertising, except for Yellow Pages

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
  • A Confidential Open (by appointment only) will be held on Sunday, October 15, 2017
  • The Appraisal will be distributed on  Wednesday, October 18, 2017
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline
  • Offers must be submitted on or before 3pm on Friday, October 27, 2017
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • Our Vendor is looking to close this practice sale Thursday, November 30, 2017

To book your appointment at the Open on Sunday, October 15th, please contact Bill Alton.



For More Details Contact

Bill Alton

Sales Representative

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