Ref# 5360
HAMILTON – Asset Sale
Material Change Announcement – Updated Appraisal – Previously Listed as REF# 5266
Reduced to $950,000 Previously Listed at $1,100,000
For more than two decades of serving the community, this well-established dental practice is now available for purchase as the owner steps away for health-related reasons. Due to these circumstances, the doctor has been forced to reduce clinical hours in recent years. Acquired by our client in 2004, the clinic has built a loyal patient base and a strong reputation for quality care. The 1,500-square-foot space is well designed, featuring four fully equipped operatories and a private office. The sterilization area is fully compliant with all IPAC standards.
The clinic team includes one hygienist, one assistant, and two receptionists. Annual production is approximately $644,352, with 34% generated by a robust hygiene program and a shorter 30-hour work week. More than 30 cases are referred out each month, offering clear opportunities for growth. There is also an immediate opportunity for a new owner to increase revenue by adding an additional clinical day.
The patient base is diverse in terms of age and cultural background, with most individuals residing or working nearby. This is an assignment practice, and 90% of patients have comprehensive insurance coverage. The office adheres to the current provincial fee guide, collects all co-payments, and maintains minimal accounts receivable, reflecting sound business operations.
The clinic is situated in a busy plaza on a main arterial road with ample patient parking and good exposure. The current term is until April 2031, with a five-year renewal option. The practice has operated in the same location for 30 years. The landlord has verbally indicated a willingness to negotiate a lease extension with the new owner, and our client has left this discussion for the successful purchaser.
Asset Sale: Structured as an asset purchase, which is more advantageous to a purchaser.
Highlights of this practice include:
- 34% hygiene program
- 30+ cases are referred out each month
- Exclusivity in the plaza
- Digital X-rays and charting
- Very low accounts receivable
- Minimal marketing or advertising, with only internal referrals
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request
- A Confidential Open will be held (by appointment only)
- The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
For more information or to schedule an appointment, please contact Bev Taylor, Sales Representative for ROI Corporation.