*Initially posted with an Asking Price of $515,000
St. John’s, NL
This long established, 5-operatory general practice, occupying ~1,600 sq. ft., is for sale in the provincial capital, where the average household income in the St. John’s CMA remains well above the Canadian average! Doctor chair time has decreased somewhat over the past few years, but steady patient flow keeps the hygiene department busy for 4 days per week. In fact, 2019 revenues were on par (~505k) with those from 2018 (~508k) and ongoing ARs are almost always under $3,000! Dedicated software is utilized to carefully manage the recall system, so that no patient is missed. Hygiene production currently makes up ~33.4% of total revenue.
Our client is very motivated to sell and has even offered to remain as an associate for a new owner, on a part time basis, for at least a few months, if so desired.
There are no evening or weekend clinic times presently (or are they necessary) but adding space in the appointment schedule is 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. Approximately 1,300 unique patients receive care in this non-assignment practice per year.
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.
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided to those parties who have signed a Confidentiality Agreement with ROI Corporation.
- ROI Corporation will prepare all offers on our standard form for your lawyer’s review.
For more information, please contact Dr. Jeff Williams, Associate for Atlantic Canada.