Practices For Sale

Ref# 4496

Status: Conditionally SOLD

Location: Ontario

Gross Revenue: ~$1,571,000

Appraised Value: $1,625,570

Asking Price: $1,600,000

Cash Earnings: ~$846,100

Northwestern Ontario

This exceptional general family practice perfectly encompasses the ideas and principles of an incredible business. Located in a bustling retail plaza, this practice serves an active patient base of over 1,550. The dental team ensures patients have positive experiences while effectively communicating the importance of oral health. With 90% of patients having a dental insurance plan, they are very receptive to treatment.

After thriving for nearly four decades the practice is well known in the community and its location in a busy retail plaza ensures continuous traffic throughout the day. The efficient 1,340 square foot facility houses 4 operatories and a grand reception area.

This practice has come back better than ever post-closure. The team has returned with a positive, enthusiastic attitude which is passed on to the patients. The previous, full-time associate is no longer employed with the practice, which means the owner is now working as a full-time, hands-on owner/operator. This has resulted in an increase in revenue and future bookings. Our client will remain as your Associate for a short transition. Training and familiarization will be expeditious as our client has a highly capable staff and has masterfully perfected the art of delegation allowing for 4-6 weeks vacation each year.

Highlights of this Practice include:

  • Low overhead helps the practice realize an extraordinary cashflow of over 50% of gross revenue
  • Impeccably low accounts receivables with outstanding collection policies in place
  • 1,340 sq. ft. facility with 4 fully equipped operatories and a new digital panoramic x-ray
  • Lease runs to 2033 and includes exclusivity and no demolition clause
  • Practice is open Monday-Thursday 8:00am-5:00pm and every other Friday which provides opportunity to expand hours to increase revenue or maintain the incredible work/life balance this schedule permits

CRITICAL DATES:

  • 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 Amanda Kotchie, Sales Representative.

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