Our response to COVID-19

ROI Corporation was able to quickly mobilize our team to work from home (WFH) and we are available to serve your professional practice appraisal needs. We continue to bring new opportunities to the market and buyer demand is stronger than ever. Many Associate dentists would prefer to own a closed practice than to own nothing at all. This demand, when combined with a scarcity of practices for sale and all-time low interest rates reveals that the marketplace remains active.

Practices For Sale

Ref# 4496

Status: Offer Registered

Location: Ontario

Gross Revenue: $1,490,570

Appraised Value: $1,366,520

Asking Price: $1,500,000

Cash Flow: ~$906,770

Northern Ontario

This exceptional general practice perfectly encompasses the strengths of owning a practice. The lower overhead helps this practice realize an extraordinary cashflow topping 60% of gross revenue. Serving a robust active patient base of 2,800, 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.

Another favourable aspect of this practice is the traditional weekly schedule and the 2–4 weeks that they elect to close annually. The five days a week schedule with no weekend or evening hours provides the purchaser with the opportunity to expand the hours and offer more flexible options for patients.  Alternatively, the new owner could choose to maintain a very comfortable work-life balance that the current schedule permits.

The owner works part time with the assistance of a full-time associate, this office would appeal to an Investor Dentist™ or a dentist looking to plant roots and establish themselves in this strong community.

CRITICAL DATES:

  • A Webinar will be held on Wednesday, April 1st, 2020 @ 3 PM
  • Timothy A. Brown, CEO of ROI Corporation, will host the Webinar with opening remarks addressing the state of the current market
  • Register for Webinar: Wednesday, April 1st @ 3 pm – Northern Ontario Practice for Sale
  • The Appraisal will be distributed on Thursday, April 2nd, 2020 @ 3 PM
  • Conditional offers must be submitted on or before Friday, April 10th, 2020
  • Your offer will be made fully conditional upon a site visit and inspection – and we will arrange for entry when safe to do so.  Please be flexible.
  • 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 five (5) days BEFORE the approved date for re-opening (if practical) according to the RCDSO and/or Public Health guidelines to allow the purchaser to control the re-opening protocol and critical patient messaging and communications.

 

For more information, please contact Amanda Kotchie, Sales Representative.

Request more details for this listing

In order to get an more information on this listing you must fill out the confidentiality agreement form. If you have already filled out this form please enter the email address we have on file below. If you have not filled out the confidentiality form please follow this link to do so: Confidentiality form.

Request More Information on this listing
I would like to receive future messages about special offers, news and event information