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.
Northeastern Ontario – Updated Appraisal
With the recent fiscal year end, gross production in the practice increased by approximately $100K in 2024, which resulted in an increase in our appraised value by $32,750.00.
However, the seller has chosen to leave the asking price as is, which is effectively a price reduction of $100,990.00! The seller is motivated to enter retirement, which is reflected in this update.
Practice Listed at $899,000 was initially listed at $967,240. Real Property now listed at $650,000, was initially listed at $700,000
As an indication of the dentist’s commitment to providing this opportunity to a wide range of dentists, they are now offering the real estate at a price reduction. A long-term, favourable lease will be provided for the buyer who is only interested in the practice itself.
Currently, the dentist is booked into November, and hygiene is booked into September, so you will be busy from day one—an excellent opportunity to build wealth!
With minimal social program participation and little pressure to sign up with the Canadian Dental Care Plan, the foundation is set to significantly increase the services being provided and generate significant growth with very little additional overhead.
Luxury lakeside living is only 30 minutes away for the practitioner who wants to enjoy all the things this beautiful corner of the world has to offer.
Highlights of this practice include:
- Immediate growth potential
- Spacious and comfortable facility
- Great work life balance
- 7-10 new patients per month
- Over 35% hygiene revenue
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 distributed to qualified purchasers
- The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
- Offers will 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.
