Calgary – Update – Additional Open Scheduled
ROI Corporation is excited about this latest listing – a thriving dental practice in Calgary, Alberta. This practice has been serving the community for several years and has established a reputation for providing exceptional dental care to its patients.
This practice is a comprehensive dental clinic that offers a wide range of services, including preventative care, restorative treatments, cosmetic dentistry, and orthodontics. The team of highly skilled and experienced dental professionals is dedicated to providing personalized care to each of our patients.
The practice is located in a prime retail location in Calgary, with easy access to major roads and public transportation. The practice is housed in a modern facility with state-of-the-art equipment and technology, including digital radiography, intraoral cameras, and entirely paperless patient records, using a prevalent practice management software platform.
The clinic has a proven track record of profitability, with steady revenue growth over the years. The practice has a loyal patient base and a high patient retention rate. Patients have excellent coverage, as evidenced by low A/R. There are several opportunities for growth and expansion that a new owner could pursue, including:
- Expanding the practice hours to include evenings and weekends to accommodate more patients
- Introducing new services and technologies to support, such as sleep apnea treatments and single-visit dentistry to reduce chair time and lab costs to attract new patients
- Investing in marketing and advertising to increase awareness of the practice in the community
- Continue to leverage the steady stream of referrals from the nearby pharmacy of a nationwide chain
Highlights of this practice include:
- 1,400 patients seen in the last 12 months
- 50+ new patients per month
- All the patients live within 5km of the office
- Assignment practice with many patients having comprehensive insurance
- 4 fully equipped operatories in just under 1,100 square feet
- High-traffic area with a mix of retail, residential and commercial economic activity
- The current term on the lease is 10 years expiring on March 31, 2031, with 2 additional 5-year renewals.
- There is a demolition clause; however, given the age and condition of the building, this is the policy of the landlord.
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 full appraisal will be distributed by Tuesday, September 12, 2023
- Offers will be due by 5 pm on Friday, September 29, 2023
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review.
- Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice.
For more information or to schedule an appointment, please contact Karl Schmidt, Sales Associate.
Saint John, NB – Updated – Real Estate is now also available
Are you ready to practise dentistry in “Saint Awesome?”
Saint John, New Brunswick, is a gem, just steps from the mighty Bay of Fundy.
You will be practising in a beautiful Victorian-era building in the heart of the city, where you will be surrounded by galleries, day and night markets, quaint local boutiques, and fabulous restaurants and cafés. The dental office is located on an elegant tree-lined street in the heart of the city, surrounded by many green spaces and charming parks.
Saint John is also a multicultural city! https://www.cbc.ca/news/canada/new-brunswick/want-to-see-how-saint-john-has-evolved-in-the-past-decade-go-to-the-city-s-cultural-festival-1.6930706
Our client has taken more time off recently and is ready to relinquish ownership. This long-established 4 operatory family practice is now being offered for sale to the right practitioner. Current revenues are based on only ~750 Dentist hours/year and ~1,300 Hygiene hours/year – so there is lots of room to grow! One of the operatories was set up with all new equipment in 2020 and the digital Pan is brand new. The practice utilizes Maxident software.
Highlights include
- Approximately 1,000 active patients.
- No Fridays, evenings, or weekends.
- Central location with easy access for both vehicle and foot traffic.
- Close to Public Transit.
- Significant number of referrals are made to all specialties.
- 90%+ of patients have third-party dental insurance.
- Non-current AR’s are low, typically in the $10,000 range.
- For the successful practice purchaser, there will be an option (but not a requirement) to also purchase the Real Estate, at fair market value.
The historic building is owned by the dentist, who is agreeable to providing a secure, long-term premise lease. The Vendor does not wish to remain as an Associate in the practice in order that a new dentist owner can ‘make it their own’ as soon as possible.
After several years of enjoying this space with their patients, the owner has decided to spend more time on the golf course and in the Caribbean and is ready to pass the torch to someone who will enjoy this practice as much as they have over the years.
Additional Purchaser/Advisor Information:
- The full appraisal will be released only to qualified parties.
- ROI Corporation will prepare all offers on our standard form for your lawyer’s review.
- Offers will be due on, and won’t be presented before, September 29, 2023
Please contact Dr. Jeff Williams at (902) 956-0404 or jeff@roicorp.com for more information.
Ottawa – updated Video now available.
ROI CORPORATION is pleased to offer an outstanding general practice for sale. This solo-owned practice has been building goodwill since 2008. During these years, the Owner has developed a practice that reflects a unique perspective on dental care and an environment where people want to visit.
The design of the office is unique, offering high, open ceilings, exposed brickwork and featuring art by local artists. There are 4 operatories, private and a manager’s offices and stericentre and laboratory. All patient charts and radiographs are digitalized.
This is a general practice. Two dental hygienists provide 7 days of recare appointments, representing 37% of revenue. The Vendor works 3 days/week, and the office offers one day of evening hours but no weekend appointments.
The opportunity to grow this practice is phenomenal. The Vendor provides comprehensive dentistry, and an associate dentist provided more general procedures until the end of 2022. A new owner can expect to be busy immediately. Furthermore, most endodontics, periodontics, oral surgery, and orthodontics are referred out of practice.
Since rebounding from COVID, the practice increased revenue by 18% in 2021 and a further 20% to 1.15M in 2022. Revenue is on a similar track for 2023. Net earnings to the Owner is extremely attractive at 38%. The practice does not accept assignment.
The Owner wishes to continue working with the practice post-sale.
Highlights of this practice include:
- Beautiful, artistic décor
- 4 – ADEC equipped operatories
- Staff on contract
- Exceptional opportunity for growth: Most Endodontics, Periodontics, Surgery, and Orthodontics are referred out
- Premise Lease includes extensions to August 2028, but the landlord is open to extending.
- Does not accept assignment
Additional Purchaser/Advisor Information:
- The practice profile and the Video is available now
- Confidential practice visits by appointment
- Signed offers presented upon receipt
- Offers prepared on ROI Share Purchase Template for Buyers Review
- Accepted Offers require a 10% deposit within 2 business days after acceptance
- Closing early 2024.
For more information or to schedule an appointment, please contact Ann Wright, Senior Sales Representative.
Ref #4910 in Greater Prince Edward County is still available at reduced asking prices!
The vendor is highly motivated to sell the practice and the property.
- PRACTICE – $1,650,000 $1,350,000
- PROPERTY – $800,000 $750,000
Our client is looking for an expedited closing. Offers will be considered on a first-come, first-serve basis.
Greater Prince Edward County – Updated
ROI Corporation is proud to bring this established general practice to market.
Situated on the picturesque banks of Lake Ontario and located a 2-hour drive from both Toronto and Ottawa, this practice enjoys a more relaxed practice lifestyle balance than is found in the highly competitive metropolitan dental markets.
Generating an average monthly production of more than $102,400, this practice has treated over 2,064 unique patients in the last 12 months. A growing hygiene program produces ~33% of the revenue annually.
The building is also available for purchase, with an asking price of $800,000. This practice has excellent exposure on a main thoroughfare, which sees consistent local and county-wide traffic. Home to 8 fully equipped operatories, private offices, storage areas and more, this spacious 5,252 Sq. Ft. facility offers ample room to expand as this operation continues to grow.
This practice has been owned by several Investor Dentists™ over the last decade and will benefit from a hands-on owner who will bring a sense of community and culture back to the staff and patients.
This is an incredible opportunity to purchase an established practice and property in a community that is ready and waiting for a new owner to provide consistent, long-term dental care.
Highlights of this practice include:
- 2,064 patients seen in the last 12 months
- Monthly production exceeding $102,400
- Opportunity to purchase the property
- Associates all on signed agreements
- Employees all on signed agreements
Additional Purchaser/Advisor Information:
- A practice profile will be available to qualified purchasers requesting information.
- A record Webinar is available
- 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.
Ottawa – West – Price Improvement – was listed at $899,000
We are very pleased to offer this successful 30+ year solo practice for sale. The Vendor opened the practice shortly after graduation and has devoted an entire professional career to caring for the dental needs of this highly loyal patient base.
From September 2020, the Vendor and Associate provide all the recall and preventive procedures.
There is tremendous upside for a new owner. All specialty procedures – endodontics, surgery, periodontics, and orthodontics are referred outside of the office.
In addition, forty-nine percent of the revenue is derived from preventive services. This year, the practice is on track to increase revenue by $100,000 to over $650,000.00
The practice does not accept assignment of benefits, except for a few long-standing patients.
The practice is located on the first floor of a small professional building. It is located on a busy main street with access to public transit as well as providing ample free parking. It is within walking distance of a large strip mall with a grocery store, restaurants and many stores and services. It is close to one of Ottawa’s large community colleges, which offers an additional opportunity to increase the patient base.
Currently, it has 3 operatories but is plumbed for a potential fourth operatory. The sterilization area is new. The office has digital radiography but no panorex.
The Vendor is available to work in the practice for at least one year, on a part-time basis to ensure the patients a successful transition.
HIGHLIGHTS OF THE PRACTICE
- One owner for 30 years
- Preventive codes represent 49% of revenue
- Non-Assignment – Accounts Receivable very low
- Owner will work in practice for at least one year.
- Proximity to a large strip mall with a grocery anchor and Ottawa’s largest community college.
KEY TIMELINES
- Practice Profile is available now
- On-site Practice visits by appointment
- Practice appraisal will be distributed to serious buyers
- Offers will be Presented when Registered
- ROI Corporation will prepare all offers on our standard template. 10% deposit is required upon acceptance of the offer.
For more information or to schedule an appointment, please contact Ann Wright, Sales Representative.
West of London – Updated – Improved Asking Price
“Our client is highly motivated to transition to the next phase of his life. Although the asking price has been reduced, the doctor has maintained the production levels in order to make this an attractive and affordable opportunity. The new owner can be in this excellent location before the end of this year. Please contact Roopali Kapoor for a copy of the appraisal of this immediate opportunity.”
ROI Corporation is pleased to present this well-established optometry practice which has been servicing the community for nearly four decades!
The practice moved to its current location in 1998 when the opportunity presented itself for our client to become their own landlord. More recently, the space was renovated in 2016 to optimize patient comfort. Occupying 2,400 sq. ft., the facility feels very spacious and welcoming. Large windows facing the street provide abundant natural light to the reception area. Excitingly – the multi-unit building is also available for sale.
The municipality is home to over 20,000 residents. Rich in history, the town has great charm while still offering lovely amenities and recreational facilities.
Our client is a solo owner-operator with the support of 1 office administrator and 3 optometric assistants. The practice is open a traditional Monday to Friday with no evening or weekend hours. Approximately 3,196 patients have attended the practice in the last 2 years. The schedule and current patient demands could easily support additional optometrist hours.
Highlights of this practice include:
- 2,400 sq. ft. facility
- Building is also available for sale for an asking price of $760,000
- ~10 new patients per month
- Ample, free parking
- 80% of inbound patients are by word-of-mouth referrals
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request
- The Appraisal will be distributed to pre-qualified candidates who have completed a ROI Corporation Confidentiality Agreement
- Showings will be scheduled by appointment
- Offers will be presented as received
- A certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice is due within 48 hours of offer acceptance
- 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 Roopali Kapoor, Sales Representative.
Updated Appraisal – previously listed as Ref# 4696
Montreal
Take note of what is a rare opportunity for a dentist ready to go solo! Our client is prepared to offer the purchaser exclusive and very favorable transition terms.
Our client is a reputable, long-standing prosthodontist who relocated their 45-year-old practice thirteen years ago into a beautifully designed space in a very affluent, educated community in the heart of Montreal. The practice has served patients who value high-end quality dentistry and accept to pay 20% above the fee guide.
The vendor is vying for a dentist who can appreciate owing an exquisite revenue generating practice and wants to continue its operation, either as a prosthodontic or GP clinic with the same enthusiasm and dedication.
The purchaser will inherit an easy work schedule Monday to Wednesday, 138 days a year and the opportunity to expand hours/weeks for added growth. A hygienist performs an average of 300 recalls a year and is booked 4 weeks ahead. The owner is booked approximately 10 weeks ahead.
The facilities were designed with style and built with high-end quality finishings to create a very pleasing, timeless workspace. Large windows bring the vista of the outdoors and light into the operatories. There is adjacent office space that can provide additional room for expansion.
Highlights of this practice include:
- 2 operatory practice spanning ~ 1 100 square feet of space
- 1 hygienist provides 3 hygiene days per week
- Practice charges approximately 20% above fee guide
- 60% of new patients are referred by existing patients
- There is no management of insurance claims
- Premise lease in place till July 2031 (includes renewal period)
Additional purchase/advisory information:
- Visits are welcome by appointment only to qualified purchasers.
- The appraisal and video are available upon request to those who have completed the ROI Corporation confidentiality agreement.
- Target closing date is summer 2023.
- Offers can be prepared on our standard forms for your lawyer’s review, courtesy ROI Corporation.
- 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.
Okanagan Valley – Updated Production Values
ROI is excited and proud to represent an exceptional general practice opportunity in the Okanagan Valley. This is an ideal practice to expand your career while enjoying a 4 seasons lifestyle in a vibrant, growing city.
Located in the largest and fastest-growing city in the Okanagan, it is surrounded by forested mountains, orchards and vineyards overlooking the lake. This community has been ranked the second-best small city in all of Canada thanks to its growing economic development, tourism, expanding downtown and real estate – not to mention inviting year-round outdoor recreation choices. The city offers an attractive quality of life and amenities such as an airport, hospital and access to post-secondary education.
This very special general practice has an easily accessed location, ground floor store-front visibility and enjoys an efficient use of space with a superior office layout and a 10-year fair market lease.
Over the years the owner has forged an excellent professional and ethical reputation based on the delivery of quality care with a focus on prevention and restorative dentistry including prosthodontics. The office is open 4 days a week, is a 4 operatory solo practice, and there is room to expand the operating days and time. By providing treatment in-house for some of the procedures being referred, this would easily provide an immediate increase in revenue for a new owner.
No evenings or weekends, 4-5+ days of hygiene, 1,250 active patients and ~17 new patients/emergencies per month, loyal and dedicated staff, and an amazing 43% cash earnings all create a solid foundation for this well-established office moving forward.
All of this offers an exceptional opportunity for continuing to optimize a flourishing dental practice for your secure future.
Highlights of this practice include:
- 4 ops; 1,896 sq. ft.
- 4-day week, no evenings or weekends
- 4-5+ days of hygiene per week
- Excellent lease
- ~80% of patients having comprehensive insurance
- 70% of recall patients attend every 6 months and 30% attend every 3-4 months
- Recall/confirmations sent by email/text to patients
- 43% cash earnings, room to extend hours and expand procedure codes – ortho, surgery, endo and implants
- Paper charts, digital radiographs and pan
- Well-equipped operatories, lab, x-ray and sterilization area, private office, business office and staff room
- Ample and available parking
- High traffic, established and growing 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 your request
- A Confidential Open by appointment only
- The Appraisal will be distributed to qualified buyers
- 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 Dr. Marcia Boyd, Senior Sales Associate and/or Elliott Broad, Sales Associate.
TORONTO – Updated Appraisal – as of May 10, 2023
In downtown Toronto, it can cost up to $1,000 in direct and indirect marketing to attract a loyal, new patient. One with an elevated dental, IQ and the capacity to pay for dental treatment. What would you pay to acquire 1,000 high dental IQ patients who pay for treatment in full after each appointment?
ROI Corporation is pleased to present to you this unique opportunity. With approximately 2 years remaining on the premise lease and potential relocation of this practice due to a demolition clause already activated by the landlord, this represents an opportunity to acquire a very high IQ patient base in a highly coveted area in downtown Toronto.
The Vendor is flexible with respect to terms of sale due to the pending demolition.
This general family practice has been in the area for more than 4 decades. Ideally, this opportunity is geared toward someone who has an existing practice in the area and is looking for a long-standing, loyal, multi-generational patient base to amalgamate into their practice to immediately increase revenue.
Alternatively, this could be the perfect chance for a new owner who has the desire to build their dream office. This new owner could take over the practice in its current location and familiarize themselves with the patient base and staff over the next couple of years while building their own space. When your dream office is complete, bring 1,000 active patients through the door on opening day!
This practice is currently entirely associate driven. There are 4 associates providing just over 60 hours of dentistry per week and 3 hygienists providing just under 70 hours of hygiene treatment per week. The practice also houses an office manager, receptionist and 2 assistants.
Additional Purchaser/Advisor Information:
- The full appraisal is available immediately
- Offers will be presented as submitted
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
For more information or to schedule an appointment, please TEXT Timothy Brown (416) 520-7420 CEO & Broker of Record.
Updated Appraisal – Previously Listed as REF # 4681
Toronto
This practice is located in a vibrant, high-density area near Yonge and Bloor in Toronto. Several new, high-rise condominium developments are in progress in the neighbourhood. The practice itself occupies the lower level of a condominium building.
The practice consists of 2,000 sq. ft in which there are 4 plumbed operatories, only 2 of which are presently equipped. There is not a Pan, but there is a designated location for one, and radiography is digital, with sensors.
Although production is approximately $400K per year, the owner does the hygiene, works a very relaxed schedule with no evening or weekend work and does not do any marketing. She is ready to retire for health reasons.
The condominium unit is also for sale, but a long-term lease can be negotiated on favourable terms. The practice is being offered for sale at below the appraised value to encourage a prompt sale. This practice offers vast potential for quick growth and locations do not get any better than this.
For more information about this opportunity, to request the practice appraisal, or to book an appointment to see the practice, contact Bill Alton, Sales Representative.
