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|Ref# 4428||Gross Revenue||Appraised Value||Asking Price||Cash Flow|
Sale Structure: Share Sale
An attractive, well managed, 10-year, solo practice located in the city’s west end is offered for sale. The practice is located in a small mall on a main street, bordered by a large residential neighbourhood. The practice operates 33 hours/week, including Saturdays with 5 days of hygiene.
The practice provides many general services, but refers out most surgery, endodontics and orthodontic treatment. The hygiene recare program is efficient and represents approximately 35% of total production. There are approximately 700 active patients registered with the practice. The total revenue for the current year is estimated at $500,000, despite the owner closing the office for one month for summer holiday.
The 1,865 sq. ft. practice has 3 equipped operatories with a large area that is plumbed and wired for 2 additional ops. It is equipped with digital radiography including the panorex. Patient files are digital.
The patients are extremely loyal, and the owner is interested in selling the practice to a dentist who has the same commitment to patient care. Our client will assist in a short transition only – not longer than one month.
A new owner will benefit from a turn-key, established practice that has yet to reach its full potential.
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, August 25, 2019
- The Appraisal will be distributed on Tuesday, August 27, 2019
- The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
- Offers must be submitted on or before 3pm on Friday, September 13, 2019
- 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 October 31, 2019
For more information or to schedule an appointment, please contact Ann Wright, Sales Representative.