Sarnia
This store-front family practice is located at ground level in a high-traffic retail plaza and has excellent signage. Anchor tenants such as McDonalds draw lots of traffic. The practice enjoys exclusivity for dentistry in the plaza. It is a large practice of 2080 sq. ft containing 6 operatories, of which 5 are equipped. Additionally, there is a PAN, business office, private office, associate office, staff room, and 2 washrooms. The décor is modern and attractive. The lease runs to 2039 (current term to 2029) with no demolition or relocation clause.
Originally established in 2013, the practice was purchased by the current owners in May 2021. The owners are investors and do not work in the practice. It is an associate-run practice. In addition to the dentist, 5 hygienists are employed in the practice who produce 7 days of dentistry per week and approximately 30% of the practice’s gross production. The associate and hygienists are on written agreements.
The annual production of the practice is $1.0-1.1 million, and it has excellent cash earnings (before dentist remuneration).
Highlights of this practice include:
- Many procedures referred out
- Very low accounts receivable
- Paperless with digital radiography
- Software is Tracker
Additional Purchaser/Advisor Information:
- A profile of the practice will be provided to qualified applicants who have completed a ROI Corporation confidentiality agreement, available at www.roicorp.com
- An Open, by appointment
- The full appraisal will be provided in advance of the Open to those candidates who have booked a showing appointment
For more information contact Bill Alton, Sales Representative.
Ottawa – Updated Price adjustment
Previously Listed at $1,279,000 – Now listed at $1,149,900.
Our client is very enthusiastic about the prospect of retirement and has authorized a second price reduction to solicit reasonable offers. This significant discount reflects the seller’s motivation to reap the rewards of their success and negotiate offers that reflect the many highlights of the practice, some of which are noted below.
Imagine a practice where the majority of dental procedures are billed at 20% or more over the ODA fee guide. Then add a negative accounts receivable (meaning that patients have pre-paid for work yet to be done). Also include a very high dental IQ patient base that understands that quality sometimes costs more, with a team that seamlessly communicates those financial terms.
This practice exists, and because of what has been described, it is effectively immune from the concerns being raised by a certain proposed national benefit. For a dentist with the ability to do routine endo and surgery, annual production will also increase by six figures instantly.
With a re-deployment of marketing dollars, and focused internal marketing, patient growth in this highly affluent growth area outside of Ottawa would be dramatic.
The vendor is willing to mentor the incoming dentist for a period of one year, and in the interest of starting that transition as soon as possible, they have made the price adjustment noted.
Highlights of this practice include:
- Highly trained team to support the quality of care provided.
- Systems-driven practice with negative receivables.
- Spacious layout with many additional patient comforts.
- Affluent and growing location within the city.
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request
- A Confidential Open (by appointment only)
- The Appraisal will be available to qualified purchasers
- The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
- Offers must be submitted as received.
- 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 Drew Markham Sales Representative.
