Practices For Sale

Ref# 4227

Status: Sold

Location: Ontario

Gross Revenue: $555,510

Appraised Value: $606,610

Asking Price: $650,000

Cash Earnings: ~$242,270

Niagara Peninsula

This is a charming practice located in a converted residence, where it has maintained a presence for the past 20 years under the current owner. The practice is situated in a residential area of a city in the Niagara Peninsula. It contains 4 operatories in approximately 1,400 sq. ft. and is decorated in a very stylish and attractive manner. The Vendor owns the building and wishes to continue ownership for time being for reasons of financial security. A lease would be written for the purchaser and could contain a first right of refusal for any future sale of the property. The Vendor is planning to retire but would stay for a short transition period if requested.

This is the classic definition of a solo dental practice, employing one receptionist, one assistant and one hygienist. The practice is open 4 days per week. No evenings or weekends.

Highlights of this practice include:

  • Ample free parking at the rear of the building
  • Production was $555,000 for the fiscal year ended August 31, 2017
  • Approximately 22% of the revenue came from hygiene
  • Good cash flow
  • Many procedures are referred out each month
  • No advertising, except for Yellow Pages

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request to those who have completed a ROI Corporation Confidentiality Agreement
  • A Confidential Open (by appointment only) will be held on Sunday, October 15, 2017
  • The Appraisal will be distributed on  Wednesday, October 18, 2017
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline
  • Offers must be submitted on or before 3pm on Friday, October 27, 2017
  • 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 Thursday, November 30, 2017

To book your appointment at the Open on Sunday, October 15th, please contact Bill Alton.

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