Practices For Sale

Ref# 4401

Status: Sold

Location: Atlantic Provinces

Gross Revenue: $508,120

Appraised Value: $505,480

Asking Price: $305,000

Cash Earnings: $148,390

St. John’s, NL

This long established, 5 operatory general practice, occupying ~1,600 sq. ft., is for sale in the provincial capital.  Despite recent economic bumps, the average household income in the St. John’s CMA is still 6% above the Canadian average!  The owner dentist has been slowing things down over the past year or so – by choice – but steady patient flow keeps the hygiene department busy for 5 days per week.  Dedicated software is utilized to carefully manage the recall system, so that no patient gets missed.  Hygiene production currently makes up ~33% of total revenue.

There are no evening or weekend clinic times currently (or are they necessary) but adding space in the appointment schedule could be a possibility, especially for an ambitious new owner.  Currently, 6-8 endodontic cases and half a dozen implant placements are referred out of the practice each month.  In all of 2018, approximately 1,300 unique patients received care in this non-assignment practice.  Ongoing ARs are almost always under $3,000!

As the new practice owner, you will have the opportunity to secure a long-term premise lease in the vendor owned building.  You’ll benefit from the practice having 40 plus years at the same central location, being on street level; with high visibility and ample parking.

For more information, please contact Dr. Jeff Williams, Associate.

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