Listing Status: LOI Registered

5036

MANITOBA

The practice is perfectly suited for the innovative Investor Dentist™.

2024 estimated Free Cash Flow (FCF) of ~$1.3 million before debt service and doctor earnings.

FCF is not EBITDA! Ask your bank and your accountant why FCF is superior to EBITDA.

A full-time, firsthand owner-operator could easily extract $500,000 annually in Free Cash Flow.

This opportunity has three of the most crucial elements to mitigate risk:

  1. Own the real estate – No landlord!
  2. Employees are on proper, written contracts
  3. A steady stream of new graduates from the provincial dental school

Your Financial Commitment:

  • Practice Asking Price: $3,500,000
  • Building and Property Asking Price: $1,200,000

Private Equity or a burgeoning i-Dentist™ accumulator is welcome to apply, although a firsthand owner is likely to appreciate the opportunity to a greater extent.

ROI Corporation predicts that a 15-year amortization will be approved by a respected Canadian financial institution.

$3.5 million term loan, 15 years @ ~$31,500 per month in principal and interest @ 6.95%

$1.2 million mortgage, 25 years @ ~$8,500 per month in principal and interest @ 6.95%

Historically, this practice generated over $250,000+ in monthly gross income.

At present, our client commutes from outside of the province.

He works ~100 days per year.

A 2-year residential lease in a modern apartment is also available for the commuting dentist.

Two (2) Associates and three hygienists are also employed.

Located in a picturesque, bustling four-season town within a half-day commute from Winnipeg, this setting offers the ideal blend of community spirit and the sought-after work-life balance that is hard to find in larger cities.

This top-tier practice is complemented by a meticulously maintained building prominently located in an area of high vehicle traffic (directly opposite Tim Hortons!), making it a prime investment opportunity. Having only its second long-term owner since the 1970s, this dental office has become a cornerstone for comprehensive dental care within the community.

The practice analysis indicates that a sizable number of specialized procedures are being referred out.

There’s a substantial opportunity for surgically skilled or orthodontically trained dentists to increase revenue through in-house treatments. The office employs three full-time dental hygienists, contributing 30% of the total revenue from hygiene services alone, and there’s potential to expand this team further.

The expansive yet efficiently designed 4,200 sq. ft. office features 10+ fully equipped operatories, a modern sterilization area, a consultation room, and several spaces for staff and administrative functions.

Highlights:

  • Patients are familiar with receiving care from multiple providers.
  • Exceptionally low Accounts Receivables.
  • Operating hours exclude evenings and weekends.
  • A considerable number of procedures are referred out.
  • The practice serves approximately 4,000 patients.
  • Utilizes digital radiography and scanning technology.
  • Offers growth potential across various dental disciplines.

Terms:

  • Your offer will be prepared on the ROI Corporation precedent Offer to Purchase (OTP)
  • The ROI OTP forms a binding Agreement of Purchase and Share Sale (SPA) when your conditions are waived.
  • Our precedent OTP/SPA will be provided at no charge for your advisory team’s review.
  • Offers accompanied by a comfort letter from your financial institution will receive priority.
  • Your offers should include a refundable deposit of $250,000.
  • Deposits are payable to “ROI CORPORATION IN TRUST.”
  • The preferred closing date is Fall of 2024.

To learn more, please register here: https://attendee.gotowebinar.com/register/5865296838059710044

Investor Dentist™ and i-Dentist™ are Trademarks of ROI Corporation. Any use of these phrases by any other company is prohibited.

 

 

4977

MONTREAL – Updated Appraisal (Increased Revenues)

A thriving two-million-dollar revenue practice with the potential for greater income from the 150+ specialty cases referred out each month – asking price $1,495,000: with a motivated vendor, this is a must see.

As a well-known 45-year-old established, profitable family-oriented paediatric practice, it boasts an unusually high number of new patients coming from existing patients and depends less on professional referrals.

Are you a general dentist? This is the perfect endless referral source for new patients. Consider establishing a solid general practice by treating the mature teenage patients who eventually reach adult age and providing them with continued dental care for life while maintaining paediatric services to the community from the three (3) existing paediatric dentists.

The cohesive and experienced team of employees and dentists and their dedication to their patients’ care and wellbeing have made this clinic a successful, highly reputable practice and a wonderful work environment.

Its location is adjacent to downtown Montreal, in a highly affluent, educated neighborhood that highly values routine dental care, oral health and advanced dental treatments. Being central to the greater Montreal area, close to main throughways, bus and Metro, it provides easy access to those in need of any paediatric treatments.

The vendor wishes to continue practicing after sale and ensure a successful and smooth transition with the purchaser.

Highlights of this practice include:

  • 6 operatories spanning ~ 2 400 square feet of space
  • Option of adding a 7th operatory in existing space that is plumbed and wired
  • 3 hygienists provide 13 hygiene days per week
  • Over 150 speciality cases referred out each month
  • Average of 45 new patients per month
  • Approximately 3,720 recall appointments in the last 12 months
  • Very attractive weekday work schedule with no evening or weekend hours

Additional purchase/advisory information:

  • A visit of the practice is available by appointment only.
  • The appraisal will be provided upon request to those qualified buyers.
  • Target closing date is early summer 2024.
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review.
  • The accepted offer should be accompanied by a 10% deposit in the form of a certified cheque or bank draft to the order of ‘ROI Corporation IN TRUST’.

 

For more information or to schedule an appointment, please contact Pascale Guillon, Sales Representative.