Viewed by 1271 people
|Ref# 4294||Gross Revenue||Appraised Value||Asking Price||Cash Flow|
|Status: Offers Drafted||$1,053,740||$1,433,910||$1,550,000||$497,330|
Sale Structure: Share Sale
We are very pleased to offer a superb practice for sale that meets every buyer’s key criteria.
The Vendor has operated the practice in this location for close to 20 years but the practice itself dates back to the 1970’s. Patients are extremely loyal and the patient base currently consists of 2nd and 3rd generations of families. There are at least 1,500 active charts.
This is a solo practice with a strong hygiene component of 8-9 days of hygiene per week. The owner provides a range of general dentistry including TMD therapy, and limited services for endodontics, oral surgery and orthodontics. Revenues are consistent over the last several years at approximately $1M with hygiene representing over 40% of revenue. The practice does not accept assignment of benefits.
The 5-operatory practice is located in a well known commercial mall in the west end of the city. The 1,794 sqft practice uses the digital plate system for both intraoral and panoramic radiography and has installed ceiling mounted televisions in each operatory. Computer software was updated in 2016.
The Vendor is retiring but is willing to work with a new owner for up to a year. Of utmost importance is that a new buyer will share the owner’s practice philosophy and keen dedication to patient care that has made this practice so successful.
- 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, April 8, 2018
- The Appraisal will be distributed on Tuesday, April 10, 2018
- The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
- Offers must be submitted on or before 3pm on Friday, April 27, 2018
- 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 by June 30, 2018
For more information or to schedule an appointment, please contact Ann Wright.