Listing Status: Conditionally SOLD

4790

Northwestern Ontario

Choosing to purchase a practice in this region has many advantages.  Owners of more remote offices benefit from less stress, competition and overhead expenses when compared to their GTA counterparts. There is simply much more demand than supply when it comes to dentistry in northern regions.

There are a total of 5 dental offices in a town of 7,000 residents.  The surrounding area’s population consists of over 30,000 providing an excellent draw area as people will commute in for their dental care. For our client’s office, there is a backlog of work for standard procedures and a variety of more technical services are referred out to other towns. Patients are commuting 3-4 hours to some of these specialty practices. Patients would be very receptive to specialty procedures being provided in house.

There are 3 types of owners who would be a great fit for this office:

  • The first, is an investor – under our client, this clinic has always been associate-driven. They started working in the last few months to give the previous associates time off.  Associates will be returning in the Fall.
  • The second type of owner is one who enjoys offering the type of procedures currently referred out. As such, a visit to the practice for 3 to 5 days each month is realistic.
  • Finally, the third ideal owner is one who wants to work hard for 3 to 5 years, while making a very comfortable living, with the intention of eventually returning to Southern Ontario or elsewhere. This option allows a new owner to get into the market, have access to a variety of cases, pay down student debt and build a solid financial base for themselves.

Prior to June, there were 2 Associates working in the practice – their return is scheduled for September. It is beneficial to note, that at this type of practice, patients are not tied to the dentist – other factors such as location, and team are more important.

Our client chose to purchase this office in 2019 for investment purposes.  Since then, they have enjoyed excellent cash earnings year over year. Though finding financial success, our client has a young family and wishes to sell to enjoy a better work life balance. Our client is willing to stay on for a transition to ensure the transfer to the new owner is smooth and successful.

Located in a stand-alone building spanning approximately 2,000 square feet, every inch of this building has been used effectively.  The modifications for pandemic compliance have been done tastefully in order not to affect the aesthetic feel of the office.  There are 6 well-equipped operatories, sterilization area, private office, business office, lab and staff room. Air exchange units have been installed to ensure maximum air flow & quality.

The building is also available for sale at an appraised and asking price of $365,000. The package is an asset sale, which from a tax perspective favours the buyer.

Highlights of this practice include:

  • EBITDA is ~570K with purchase price representing just under 5x
  • Approximately 50 cases referred out each month (endos, oral surgeries)
  • ~30 new patients per month with an additional 50 emergencies monthly
  • 90% of patients have dental insurance
  • No external marketing
  • A/R well managed
  • Fully digital
  • No providers work weekends
  • Building is also available for sale for $365K

CRITICAL DATES:

  • Interested parties will receive an Information Booklet and Virtual Tour within 48 hours of your request
  • Click here for a preview of the facility!
  • There will be no Open but offers will have a condition of site visit included if required by purchaser
  • Offers will be presented as received
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the asking price

For more information, please contact Jackie Joachim, Sales Representative & COO, and/or Constance Oly, Sales Representative.

4795

North of Greater Toronto Area

ROI Corporation is pleased to present an opportunity to purchase a highly profitable practice north of the GTA.

Generating an average monthly production of more than $226,693, this practice has serviced over 3,777 patients in the last 12 months. A growing hygiene program produces ~26% of the revenue annually.

This practice has grown to provide an extremely high level of dental care for not only children but purposefully appeals to the entire family. Since its inception, the office has catered to all ages of patients through a tried and tested commitment to children’s dental health.

With 40% of patients over the age of 18 years old this is not a dedicated pediatric office, but a family office as well.

Within 1 hour drive from Toronto, this practice is situated in a central location with incredible signage.

This practice enjoys exclusivity on the premises and has a secure lease with renewal options extending until 2038. Spanning 2,878 Sq. Ft, this friendly, colourful and state-of-the-art facility offers 7 fully equipped operatories.

This practice is ideal for an Investor Dentist™ as it is already fully serviced by a comprehensive group of associates. All general dentists, specialists and key staff are on agreements and contracts.

Our client does work at the office and is producing 17% of the gross revenue.  The owner is willing to transition after the sale.

Highlights of this practice include:

  • Cash earning exceeding $1,370,000
  • 3,777 unique patients seen in the last 12 months
  • Secure lease until 2038
  • AAA location and signage

Additional Purchaser/Advisor Information:

  • A Practice Profile will be available to qualified purchasers requesting information.
  • The Webinar will be recorded. If you are not available to watch it live, we still encourage your registration as it will be sent to those who qualify following the live event.
  •   A Virtual Tour will be provided to qualified parties
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

 

For additional information, please contact Nicholas Boyle, Sales Representative.

 

4777

Calgary

A successful practice reflects an owner’s dedication to patient care, hard work, determination, and the desire to continually improve. This listing is the result of an exceptional owner who surrounded themselves with the right advisors to create a thriving dental practice that has served its community in this specific location for over 30 years.   After a rewarding career spanning 40+ years, our client has decided the time for retirement has come and therefore, is prepared to hand over the reins to a new owner.

ROI Corporation is proud to represent this outstanding practice. Purchasing a practice of this caliber is a rare opportunity. As such, we will be handling inquiries from prospective buyers in a very specific manner. Interested purchasers will be required to follow a pre-screening and qualification process, which is outlined below. Protecting our client’s confidentiality is paramount to us. Therefore, a Practice Profile for this clinic will not be distributed.   Our intention is not to offend any purchaser by our process. We hope those participating will feel assured that these measures will be taken should they find themselves selling a highly desirable office such as this one.

 

The Pre-Screening Process:

  • Upon receiving your request for more information, a buyer application will be sent for your completion.
  • Interested buyers will have a private one-on-one interview with Jackie Joachim, Chief Operating Officer, and must submit a completed application prior to or during the interview.
  • Qualified buyers will also be asked to provide confirmation from their lender supporting capability to qualify for financing at this level. We are aware that a lender cannot give a blanket authorization but can at least provide comfort in allowing us to know this transaction can be completed.

Highlights of this practice include:

  • Gross revenue is just under $5 Million
  • A/R are extremely well managed
  • Practice analytics demonstrate ability to increase hygiene appointments by scheduling 600 active patients, reduce supplies by up to 5%, and saving 3% on staffing simply by scheduling more efficiently – clearly creating additional $300K to net profit annually.
  • Well documented protocols for practice management, sterilization, health and safety, human resources, COVID protocols, etc.
  • 40 new patients per month
  • 7 hygienists producing 160 hours of hygiene per week
  • 12 operatories
  • Associate driven with contracts
  • Team members very well trained
  • 4,200 sq. ft. facility with a current 5-year lease + 2 additional 5-year renewals
  • No demolition clause in lease
  • Excellent location and visibility providing easy marketing to the surrounding residential area
  • Physically well connected via major arterial roadways, thus making it extremely easy for patients & staff to attend
  • All operatories are well equipped and sterilization area is fully compliant with all IPAC protocols
  • Office is open approximately 65 hours per week, with room to expand
  • 20% of patients visit every 3-4 months and 60% of patients visit every 6 months
  • Over 6,500 patients attending the practice
  • Assignment office, with 85% of patients having comprehensive insurance

 

For more information, please contact Jackie Joachim, Sales Representative & COO, and/or Constance Oly, Sales Representative.

4794

Winnipeg – Owner retiring

ROI is pleased to offer a small but well-established dental practice for sale in a vibrant part of Winnipeg.  A long-time busy practice was taken over by the vendor in 1987 and over the years has created a loyal patient following.  This building of over 20,000 sq ft, houses medical, physio, pharmacy and other tenants allowing a lot of opportunity for growth and notice to the practice.

This is an old-fashioned practice with no dental assistant and is not computerized.  It consists of two operatories, one of which is only plumbed but never used.  Situated in 1,000 sq. ft. with approximately 975 active charts in last 2 yrs. The rent is very modest, and the location is very good.

The current dentist is retiring after 40 years of practice and has always done his own prophy and scaling, so no hygienists are employed at the practice. Annual production is ~$250K with only a 26-hour work week.

This practice would appeal to someone looking for a change of lifestyle to a less stressful schedule or semi-retirement or a younger dentist looking for an inexpensive base to build on.

Highlights of this practice include:

  • Approximately 975 active patients seen in the last 2 yrs
  • Revenue last year was over $215,000
  • Ample free parking
  • Excellent potential for growth

Additional Purchaser/Advisor Information:

  • A profile of the practice will be available to qualified applicants who have completed a ROI Corporation confidentiality agreement
  • The Practice Appraisal, in its entirety, will be released electronically to interested parties.
  • 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

For more information or to schedule an appointment, please contact Reema Singla, Sales Representative.

4792

Edmonton

It is a privilege to present this well-established, associate driven family practice. The clinic has been fundamental to providing outstanding care to the community for over 30 years.

Located in the vibrant peripheries of downtown Edmonton in a commercial setting with surrounding residential. The practice is on the corner of a prominent intersection. The signage is excellent, and the visibility of the clinic is exceptional. Public transit is nearby and free parking is plentiful.

The owning dentist manages the clinic but does not and has never treated patients in this facility. Preceding the pandemic, production was greater and two dentists were always employed. As patients are returning, this opportunity requires a hands-on owner and/or an additional associate to meet the surging demand for services.

Hygiene reports since July 2021 represents over 40% of production. Don’t miss out on the opportunity to reawaken this sleeping giant.

Highlights of this practice include:

  • Clinic was built in 1988. Current owner purchased in 2017.
  • 2,360 sq. ft. 5 fully equipped operatories – fully digital office.
  • Decrease in revenue over past two years due to Covid-related issues. The recovery is evident, but an additional dentist is required to handle it.
  • Well managed. Assignment practice with very low A/R
  • Very reasonable lease with two 5-year renewal options will extend the current lease to 2036.
  • Bright, spacious, bright clinic. Sunlight radiates through each of the 5 large and comfortable operatories.
  • 1,700+ patients seen in the last 12 months

Additional Purchaser/ Advisor Information:

 

  • The profile and appraisal will be distributed prior to the Webinar to the registrants who have completed a ROI Corporation confidentiality agreement
  • Within 48 hours of acceptance of an Offer we will require 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

 

For additional information, please contact David Raborn or Dr. Wayne Raborn, Sales Representatives.

4789

Niagara Region

ROI Corporation is pleased to present an opportunity to purchase a highly profitable practice in the Niagara Region, Ontario.

This well-established general practice and its dedicated team, have been committed to providing this community with high level dental care for decades. Generating an average monthly production of over $88,000, this practice has treated over 1,600 unique patients in the last 12 months.

Currently, the office is open 4 days/week with room to expand the hours or continue the current lifestyle practice balance our client enjoys.

Originally opened in the 1970s, the current owner purchased the practice in 2013 and relocated to a brand-new facility in 2018. This efficient use of 2,320 sq. ft. is home to 6 operatories, 5 of which are fully equipped, a modern sterilization area, consult room, private office, staff room and more. The office is designed professionally and is a welcoming, comfortable environment for the patients and staff.

Situated in a ground level, street facing retail plaza, the office enjoys ample free parking and substantial natural lighting in every operatory. This practice utilizes digital x-rays, paperless charting and other up-to-date technologies and business practices.

This is an opportunity to purchase an already consistent and profitable practice in a desirable community.

Highlights of this practice include:

  • Cash earnings of $505,476
  • Hygiene program produces just under $300,00 in annual revenue.
  • 1,619 active patients
  • Well managed accounts receivable below industry average
  • Long term lease has been agreed upon with current landlord (10 years term + 5-year renewal option)
  • Modern facility and equipment with no updates required for years to come
  • Ample free parking
  • All employees on a written contract
  • Located 1 hour from downtown Toronto

Additional Purchaser/Advisor Information:

  • A Practice Profile will be available to all purchasers requesting information.
  • The Webinar will be recorded. If you are not available to watch it live, we still encourage you to register as it will be sent to those who qualify following the live event.
  • A Virtual Tour will be provided to qualified parties
  • The Appraisal will be available to all qualified purchasers
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

 

For additional information, please contact Nicholas Boyle, Sales Representative.

 

4744

Guelph

ROI Corporation is pleased to offer this spacious, well-established, street-level, family dental practice situated in a stand-alone health professional building in a residential area of Guelph. The practice is associate run. The vendors own the building, which could also be purchased, or a long-term lease will be provided.

Highlights of this practice include:

  • Established in 1995. Current owners since July 2016
  • 4 operatories plus a Pan
  • Approximately 1700 sq. ft
  • Ample free parking at the rear of the building
  • Tenants include medical and optometry clinics
  • Annual production $500-600K based on 3 days of dentistry and 5 days of hygiene/week
  • Hygiene accounts for >30% of gross production
  • Digital radiography with sensor
  • Tracker practice management software

Additional Purchaser/Advisor Information:

  • A profile of the practice will be made available to qualified purchasers who have completed a ROI Corporation confidentiality agreement
  • Offers will be considered as received

 

  • For more information or to schedule an appointment, please contact Bill Alton, Sales Representative.

4784

Hamilton

ROI Corporation is proud to present this exceptional, modern, and beautifully maintained practice in west Hamilton. The practice is situated in a medical professional building in a very high traffic retail plaza. Anchor tenants include Shoppers Drug Mart and a chain supermarket. While the practice is on the second floor, it is serviced by an elevator and is wheelchair accessible. Importantly, the practice enjoys exclusivity for dentistry in the plaza.

The practice was built in 2010 and has been under the current ownership since 2012. It consists of 4 operatories plus a Pan in 1,656 sq. ft. This is very much a family, restorative practice with a good mix of patient age groups. While the practice does accept assignment of insurance benefits, the high quality of the patient base and good management practices result in very low accounts receivable, a good collection of co-pays, and few write-offs. Despite its solid performance, the dentist works a relaxed 4-day work week.

Highlights of this practice include:

  • Excellent hygiene program contributes 35% of gross production
  • Two full-time hygienists, with a third returning from maternity leave in July
  • Averaging 16 new patients per month
  • Software is Dentrix and Recall Max
  • Lease runs to Dec 2023 with renewal options to Dec 2031
  • Production averages $78,000 per month
  • Excellent cash flow

Additional Purchaser/Advisor Information:

  • A profile of the practice will be made available to qualified purchasers who have completed a ROI Corporation confidentiality agreement
  • Offers will be considered as received

For more information please contact Bill Alton, Sales Representative.

4783

Previously listed as 4722

GTA Central

To be able to purchase a well-established and successful practice consisting of high dental IQ patients is truly a privilege.  ROI Corporation is pleased to present this exceptional opportunity.  For over 25 years, our client has taken great pride in building a practice where patients appreciate the quality of dentistry provided, exceptional professional service, knowledgeable staff and comfortable surroundings.  The clinic itself has been a part of the community for nearly 40 years.

The office is located in one of the GTA’s busiest neighbourhoods.   The practice is in a desirable location with excellent visibility, highly accessible by public transit and ample parking.  The practice offers approximately 40 hours of dentistry and 58 hours of hygiene weekly.  There is definite room to expand as the clinic is open only one Friday per month.

The new owner will enjoy a newly built space.   In 2019, our client moved the practice to the current location.  Spanning 1,200 square feet, the space has been efficiently used to operate 4 operatories, a new sterilization area, small lab, business office, consult room, private office and staff room with space built according to code for the instillation of a pan.  The new office combines contemporary style providing a warm and welcoming atmosphere, immediately instilling a sense of professionalism and relaxation in patients.   The transition from the previous location to the current one has proven to be successful as evidenced by consistent results in the past two years.  The lease runs until 2038 with no demolition clause.  Moving to this beautiful location was most certainly the right move; the equipment and leaseholds are well done and the patient base quality is excellent.

Our client has reached the stage of retirement, so the decision to sell and spend more time in other non-dental activities is more appealing.  There is one associate who works one Friday per month offering crowns, endos, and implants.    Due to limited time, over 25 procedures such as oral surgery, molar endos, ortho and extracts are referred out monthly.  Our client will stay on for a successful transition and to complete any outstanding cases.

Highlights of this practice include:

  • Excellent hygiene program of approximately +40% of gross
  • 15 new patients per month plus an average of 7 emergencies
  • 25 procedures referred each month for ortho, endo, extractions, oral surgery etc.
  • Assignment practice with nominal accounts receivable
  • Completely digital with Dentrix software
  • High quality dental equipment – Pelton and Crane, Belmont and A-dec
  • Excellent lease with renewals until 2038; No demolition clause
  • Associate, hygienists and staff all on written agreements
  • High density/growth area
  • Room to extend hours
  • Well-established neighbourhood with a strong mix of residential, retail, and commercial economic activity

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of the request to those who have signed a confidentiality agreement.
  • A Virtual Tour will be provided to pre-qualified purchasers prior to the open
  • The Appraisal will be distributed following the Open
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
  • 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

For more information or to schedule an appointment, please contact Jackie Joachim, COO & Sales Representative, and/or Constance Oly, Sales Representative.

4768

Just West of the GTA

This practice was originally listed as #4729. We are relaunching this as there has been new equipment added.   More importantly, we are pleased to announce that CIBC has pre-approved this practice for a purchaser who qualifies.

As a 30-year practicing dentist, our client is ready to start the transition process of handing over the management reigns to a new owner. To continue post-sale as an Associate would be ideal.   In addition to acquiring a well-run and successful office, the new owner can easily expand the hours and services significantly.   Our client can not do some of the work currently referred out due to time constraints.   Our vendor does own a satellite practice but does not work there. This practice is approximately 20+ km. No patients of this office ever visit the satellite office.

While part of the 905 area code, this particular community has been undergoing a massive expansion.   In the next 10 years, growth is expected to see 19,000 new residents, 1,700 jobs, 3,500 single and semi-detached dwellings, 1,950 townhouses, 1,200 apartment units, 5 planned elementary schools and 22.5 hectares dedicated to park space, walking trails and bike lanes.

The practice we are representing was built about 25 years ago and has been strategically placed in the most ideal unit in a major shopping centre. Our client is the only dentist in the entire mall, thereby enjoying exclusivity. Other key anchors such as Walmart, Banks, Pharmasave and others make this a premium location for a dental office.

This practice has earned an excellent reputation by ensuring that patients are respected and their needs are listened to. This type of attention to detail has allowed the owner of this practice to have loyal, long-standing patients – some of which are now multi-generational. Creating a warm and caring environment takes tremendous effort, attention to detail and well-trained staff.

Despite being in a mall that is open 57 hours per week, the office itself is open about 45 hours. Our client is the only dentist in the office and personally works less than 40 hours per week. To enjoy a work/life balance, our client chose not to work the operating hours. The existing patient base can certainly handle a second dentist.

Located in a prominent mall, the practice has had approximately 2,000 unique patients seen since reopening in June of 2020. Despite the various restrictions over the past 2 years, this practice has demonstrated consistent results. Hygiene is currently 27% of production. Prior to the pandemic, hygiene was regularly at 34% of production, but with the new protocols and fallow time, our client had to increase dental production to maintain revenue.

This practice has exclusivity in the mall, which is truly rare. Renewals are required. However, our client wanted to include the buyer in the renegotiation of the lease renewal. It is worth mentioning that while there is currently no demolition clause in the lease, we always want buyers to be prepared that one could always be included. We have confirmed with one of the major tenants – CIBC that they have plenty of renewals and no demolition clause in their lease. This should give any new owner comfort in knowing that significant tenants will not occupy space in a location that has a possibility of being demolished. It is not unusual for landlords to put this clause in for smaller tenants such as health care offices.   In fact, talks have taken place about reinvesting in this mall for rejuvenation purposes in the years to come.

Our vendor is flexible regarding transition. This practice can currently support 2 dentists. Therefore, the new owner can have our client stay on for as long as deemed appropriate. Alternatively, our client understands that the new owner may have his/her own team and therefore, will exit as requested.

Highlights of this practice include:

  • Approximately 25 cases referred out each month (endo, ortho)
  • ~15 new patients per month – referrals/walk-ins
  • No external marketing
  • Very low accounts receivables
  • No providers work on Fridays or Sunday
  • The practice is open on alternating Saturdays only
  • ~2,180 square foot facility with 6 fully equipped operatories
  • Exclusivity in the mall
  • Well documented protocols for practice management, sterilization, health and safety, human resources, COVID protocols, etc.

Additional Purchaser/Advisor Information:

  • An information booklet and virtual tour will be available upon request within 48 hours
  • Appraisal will be made available post showing
  • 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

For more information, please contact Jackie Joachim, COO & Sales Representative, and/or Amanda Kotchie, Sales Representative.