Listing Status: Updated

5093

City of Ottawa – Westend – Updated Appraisal – Previously listed as Ref# 4912

It is highly unusual to offer a practice that has been owned and operated by the original owner for over 30 years. This general practice has grown steadily over the years and the owner is proud to be providing care to multiple generations of patients.

The dentist owner and one associate provide all the patient care, including preventive treatment. Most specialty procedures, including molar endodontics,  3rd molar extractions, periodontics and orthodontics are referred outside the practice. This limited scope of services represents a tremendous upside for a new owner.  Depending on the preference of the buyer, these services can be successfully integrated into the practice and offer a substantial opportunity to increase revenue.

Almost one-half of the revenue is derived from preventive services, which has proven to be a profitable model. As of year- end July 2023, the practice increased revenue by $80,000, over the previous year. This year the practice is on track to increase revenue  again by an additional $26,000.

The practice does not accept assignment of benefits, except for a few long-standing patients. Accounts Receivable are extremely low at less than $2,000.00.

The practice is located on the first floor of a small professional building, on a busy street with access to public transit including the new LRT station and ample free parking. It is within walking distance of a large mall with grocery, restaurants and a variety of commercial services. It is close to Ottawa’s largest community college which offers an additional opportunity to increase the patient base.

It is of note that there is a new premise lease in place with an extension until 2039. This includes the removal of a previous demolition clause.

Currently, the practice has 3 operatories with plumbed area for a 4th operatory. 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
  • Most specialty procedures referred
  • Non-Assignment – Accounts Receivable exceptionally low
  • The owner will work in practice for at least one year.
  • Proximity to a large strip mall with grocery anchor and Ottawa’s largest community college.
  • Attractive premise lease with no demolition clause

KEY TIMELINES

  • Practice Profile is available now
  • Confidential Practice OPEN Sunday June 16th by appointment
  • Practice appraisal will be distributed to serious buyers following the OPEN
  • Offers will be presented as submitted
  • ROI Corporation will prepare all offers on our standard template. 10% deposit is required upon acceptance of the offer.
  • Closing autumn 2024

For more information or to schedule an appointment, please contact Ann Wright,  Sales Representative.

5072

Premier Dental Practice Opportunity in Muskoka District – Updated Appraisal (was Ref# 4994)

Previously listed as $1,225,000. Increase due to recent practice renovations.

Experience the lifestyle you’ve always desired in a beautiful cottage country with a premier practice located in a premium town within the Muskoka district. Offering the perfect blend of business, cultural, and recreational opportunities, this vibrant community is just a two-hour drive from Toronto, boasting excellent transportation routes by bus, train, and automobile. Plus, with no weekend or evening business hours required, you’ll have ample time to explore all that our picturesque surroundings have to offer.

Established in 1998 and under current ownership since 2020, the practice has flourished under the dedicated guidance of the owner, consistently attracting new patients to the practice. Situated on the ground floor of a standalone building, the family-oriented practice provides ample free parking for the patient’s convenience. Recently renovated to create a warm and inviting atmosphere, the facility features four operatories and a digital panoramic X-ray machine, all within approximately 1,300 sq. ft. Numerous updates have been completed to ensure a modern and comfortable environment for both patients and staff.

While the practice is currently associate run, it is ideally suited for a hands-on owner who can capitalize on its potential for generous cash flow. Fully staffed with two full-time front desk personnel, one full-time assistant, and one full-time and one part-time hygienist, the practice operates smoothly and efficiently. The associate and hygienist are under written agreements, ensuring stability and continuity of care for our valued patients. Primarily focused on restorative dentistry,  select procedures such as endodontics, implants, and dentures are referred out.

Highlights of this practice include:

  • Annual production 2023 ~$1MM
  • Cash earnings $342K (before dentist compensation)
  • 5 ½ days of hygiene per week
  • 1,500 patients attend the practice
  • Low A/R
  • Dentrix software
  • Attractive, 15 yrs. plus a 5-year renewal premise lease
  • NO DEMOLITION CLAUSE

This presents an ideal opportunity for a proactive dentist seeking a rewarding lifestyle coupled with lucrative employment in a thriving, expanding community conveniently located near Toronto. The terms of this sale are as follows:

Additional Purchaser/Advisor Information:

  • A profile of the practice will be provided to interested candidates who have completed a ROI Corporation confidentiality agreement
  • Those who are interested in registering for an appointment to see the practice will be provided the general location.
  • An appraisal of the practice will be provided two days prior to the Open to those who have registered for a showing.
  • An Open, by appointment, will be held on Sunday, May 5th
  • Offers will be due not later than Friday, May 17th
  • The preferred closing date is not later than July 31st, 2024.

 

For more information, or to book an appointment to see the practice on May 5th, please contact Bill Alton, Sales Associate.

 

5058

Grey County – Our client has reduced asking price by $100,000 to $1.3 million.

ROI Corporation also is excited to announce that the Bank of Canada has reduced its lending rate by .25%.   Borrowing money just became a bit easier.

We also invite you to read the latest article by CBC.  Click here https://www.cbc.ca/news/canada/sudbury/dental-care-plan-northern-ontario-1.7205036 to learn how this dentist in a northern Ontario town has not only benefitted from leaving GTA but how he needs to expand to accommodate the increase of patients due to CDCP.

Our client also happily reports an increase in May’s production due to CDCP.

ROI is delighted to present this new opportunity to acquire a profitable practice in a city that offers excellent work-life balance! Perfect for the practitioner who appreciates great access to the outdoors along with all the comforts of city living. This excellent opportunity is a little over 2 hours north of Toronto. The building is also available for sale which is a perfect way to secure the practice’s longevity.

Our client is selling due to retirement and relocation to Florida.  A brief transition will be provided.

Located near the shores of Georgian Bay, this clinic offers a new owner an opportunity to own a solid practice that produces a healthy income based on a 32-hour work week.  No Fridays or Saturdays are currently offered to the patient base.  This provides flexibility, as one could still live in the GTA and work 4 days a week in this community.  After paying all expenses and the bank, new owner has more than $400K for themselves.

In the immediate area there is great promise of growth & investment.  Within 5 minutes of this practice, over 250 homes are currently under construction and an additional over 300 new condos, townhouses and homes will be built less than 5km.   This could represent at least 1,000 new potential patients for this office.

Highlights of this practice include:

  • Open 32 hours per week
  • 5 operatories with room for a 6th spanning 1,600 sq. ft. facility
  • No Fridays or Saturdays
  • Rural area therefore social service patients
  • Bread and butter dentistry – easily duplicated
  • Excellent collection policy with low aged receivables
  • Assignment with most patients having excellent coverage
  • Owner occupied premises – vendor wants to sell building
  • The appraised value of the building is $1,210,000

Additional information:

  • A practice profile will be provided along with a virtual tour within 48 hours of your request
  • An Open will be held on Sunday, June 23, 2024 by appointment only
  • 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, Sales Representative & COO, and/or Constance Walker, Sales Representative.

5044

Toronto – Previously listed as REF# 4826

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., with 4 plumbed operatories, only 2 of which are presently equipped. There is no 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, and the vendor will consider taking back a mortgage for less than bank financing — no landlord to worry about. The appraised value of the real estate is $1,520,000. The practice is being offered for sale at well 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.

Come on, buyers, what are you waiting for? A prime location, a practice with tremendous growth prospects offered at below appraised value and the opportunity to own the real estate with financing provided by the vendor at a below market rate. It doesn’t 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.

Additional Purchaser/Advisor Information:

  • A Confidential Open (by appointment only)
  • The condominium must be purchased with practice.
  • 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 Bill Alton, Sales Representative.

5037

Ottawa – Updated Price adjustment

Originally Listed at $1,409,530 – Now listed at $1,279,900.

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.

 

4998

EDMONTON – Appraisal Update

Exceptional opportunity to acquire a centrally located, storefront optometry practice within a bustling retail plaza of South Edmonton. The retail centre boasts excellent visibility and enjoys a strategic location between multiple major thoroughfares, making it an easily accessible destination for clientele from all over the city.

The practice primarily serves young professionals, and  maintains a well-established brand identity. However, the current owner, managing a young and growing family, has temporarily scaled back marketing efforts, offering the buyer untapped potential.

The office specializes in high end, luxury eye wear. Retail sales of frames, sunglasses and contacts amount to 63% of the gross income. There is an abundance of unrealized potential. Due to personal commitments, the owner only attends the practice for 16 hours a week, over 3 days. The 1,693 sq. ft. facility is impressive, with modern finishes and soaring ceilings. Currently, only one of the two exam rooms is being utilized.

This opportunity is a golden ticket for a buyer willing to increase doctor hours and expand examination services, boosting the practice’s production and profitability.

Highlights of this practice include:

  • Non-Assignment
  • Great Google Reviews & Social Media Presence
  • Fully digital office operating on Filopto software
  • ~4,500 appointments in the past 2 years
  • 50-60 new patients per month
  • Exclusivity for optometry in the long-term lease

Additional Purchaser / Advisor Information:

  • A Practice Profile will be provided within 24 hours of your request
  • The Appraisal and iGuide photography package 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
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST”
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

 

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

5033

Northern Ontario – Price Reduction – Now Listed at $899,000, was originally listed at $967,240.

Real Property also available – $700,000

 

As an indication of the dentist’s commitment to providing this opportunity to a wide range of dentists, they are now focused on offering the dental practice with a price reduction. The real estate remains available, but a long-term, favourable, lease will be provided for the buyer who prefers to focus on dentistry.

Currently, the dentist is booked into July, and hygiene is booked to September so you will be busy from day one – an excellent opportunity for a wide variety of clinicians!

With less than 1% social programs and the opportunity to significantly increase the services being provided, this practice is primed to be one that creates envy with a very low overhead. 

Luxury lakeside living is only 30 minutes away for the practitioner who wants to enjoy all of the things that 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
  • Our vendor is looking to close this practice sale in Spring 2024

For more information or to schedule an appointment, please contact Drew Markham, Sales Representative.

5021

Orangeville – Update

Our client is extremely motivated to sell.  Therefore, our new asking price, $325,000 – reduction of ~$240,000.

Update: We have recently come to learn that a new 8-storey condo is proposed for the space directly across from the dental office.  This represents potentially 200 new patients for this office.  The landlord is invested in the success of this plaza as they are an owner-operator of a business in a  neighbouring unit.

This beautifully designed dental facility is situated in a health-based plaza which offers a wide range of professional offices to attract patients such as medical clinic, pharmacy, physiotherapy to name a few. This plaza receives a great amount of inbound traffic throughout the entire day.  There are just under 200 active patients resulting in gross revenue of ~$230K in 2023, with a very limited schedule.  Opportunities abound in this clinic.

Starting a practice today, will easily cost $750K and can easily end up at $1M.  Then you need to invest more time and money to hopefully breakeven in 12 to 18 months.

Our client secured an excellent lease with exclusivity, no demolition or relocation clause.   Current term ends in 2029 with 2 additional 5-year renewals.  This 1,400 square foot dental facility was completed in 2020. There are 4 fully equipped operatories.  The layout offers a welcoming waiting area, sterilization area, pan room, 2 washrooms (1 patient & 1 private) as well as a comfortable staff room.

To have a quick view of the clinic, please click here for a 30-second tour.

Highlights of this facility include:

  • 4 fully equipped operatories
  • Business office, Staff room, Consult room
  • 2 washrooms in the office
  • Located in a beautiful, modern healthcare plaza
  • Setup is fully digital (charting & x-rays)
  • Ample, free parking

Additional features of this practice include:

  • A Practice Profile will be provided within 48 hours of request to those who have completed a ROI Corporation confidentiality agreement
  • Offers will be presented to the Vendor as received

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

 

5023

St. Johns, NL – Increased Production by more than 10%! – Previously listed as Ref# 4914

This motivated dentist has increased production by more than 10 % in the past 12 months but has not increased the asking price!

ROI Corporation is proud to bring this successful, well-established general practice opportunity to market. This five-operatory practice consists of 2 hygienists and the owner/practitioner. Located in Atlantic Canada’s second-largest city and the capital of Newfoundland with all the amenities of city life at your doorstep. St John’s is a vibrant cosmopolitan city with a thriving arts scene, wonderful attractions, and an inviting lifestyle. As the province’s hub of economic activity (e.g. service industry, finance, manufacturing, retail, etc.), St. John’s is home to much of the province’s public sector, a large university and numerous colleges, and is a support center for the eastern Canadian offshore oil & gas industry. Over 85% of the population are white collar with a 6% higher-than-average annual income from the rest of Canada. As the new practice owner, you will have the opportunity to secure a long-term premise lease as the vendor owns the building.

This listing will appeal to both the Investor Dentist™ or the hands-on owner.

Highlights of this practice include:

  • 5 ops allowing room for an associate.
  • High-traffic central location with ample pay parking in commercial area.
  • ~2,000 sq. ft. that is wheelchair accessible (extra ~1,000 storage).
  • Long-term lease is available to the purchaser.
  • Significant amount of crown, bridge, and endodontic treatments.
  • Hygiene represents 37% of gross income with a second hygienist recently hired!
  • Revenues are based on the practitioner working 43 weeks per year.
  • Digital radiography (including Pan).
  • ~ 4,000 patients seen in last 36 months.
  • ~ 99% of patients speak English.
  • Low A/R with bad debt at 0.2%.
  • No weekends or evenings: 8:30-4:30 Mon – Fri.

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 an ROI Corporation Confidentiality Agreement
  • Showings will be scheduled by appointment
  • 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 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 Andrew Bryson, Associate for Atlantic Canada

 

5015

Toronto

Material Change Announcement. 

Dear valued customers,

Our highly motivated client is lowering the original asking price to initiate a timely sale.

In our original advertisement of this opportunity, the asking price was $784,734. Despite the practice’s continued growth trajectory, our client has instructed us to lower the price to expedite the sale and realize their retirement goals. The new asking price is $695,000. See below.

Do you wish to make a real estate investment that is married to your professional skill set? Do you want freedom to practice unencumbered by callous landlords? Do you wish to make a two-fold investment and build equity in not only a real estate play but also a professional practice and then sell when and how you want without the concern of a potentially distressed lease?

This is a special opportunity to become rooted into a neighbourhood that blends a charming historic Toronto location with a well-established goodwill foundation to build upon. Enjoy succeeding a late career, gentleman dentist who is more than happy to work a reduced schedule moving forward, allowing for optimal goodwill transfer.

Owning this dental office is ideally suited to an owner operator looking to create equity in a business and building that ordinarily have natural barriers to entry. With light rail and high street convenience literally on your doorstep, the opportunity screams for the vigour of a new owner bringing modern ideas and energy to a community favourite.

Highlights of this practice:

  • Own the real estate
  • Exceptionally low AR
  • Public transit on your doorstep
  • ~800 active patients
  • ~10 new patients per month
  • 90% of patients live close by
  • Hygiene program led by our owner. Hiring a hygienist is an immediate growth option
  • Significant scope to increase the practice opening hours and staffing levels
  • The practice is mostly non-assignment
  • Significantly under marketed given the abundant storefront visibility

Further instructions:

  • A Confidential Open (by appointment only) will be held on Sunday, May 19th, 2024 from 10am to 2pm.
  • The updated Appraisal will be distributed to qualified parties immediately
  • Offers will be due upon appraisal receipt
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • Our client would prefer a closing in Early Fall 2024

For more information or to schedule an appointment, please contact Mr. Robert Spillane Sales Representative.