Practices For Sale

Ref# 4537

Status: New

Location: Alberta

Gross Revenue: $1,474,990

Appraised Value: $2,098,450

Asking Price: $2,099,000

Cash Earnings: $526,050

Greater Edmonton Area

We are very pleased to offer the opportunity to purchase this exceptional general practice located in one of Edmonton’s nearby bedroom communities. It is next to a major traffic corridor and less than 20 minutes from Anthony Henday Drive.

The practice was established in 2015 and is located in an extremely well-known shopping district. The shopping plaza contains multiple anchor tenants resulting in excellent foot traffic and visibility generating over 60 new patients a month with low marketing expenses. Currently, the practice is operating on a 5-day workweek and has the opportunity to expand the hours.

This modern 7-operatory facility is completely computerized. It has a full suite of digital radiography equipment including pan, x-ray sensors, and phosphorous plate scanners for children. Each of the operatories contains intra-oral cameras and multiple LCD screens/TVs to improve the patient’s education and experience.

A mature, dedicated, and well-trained team is another of the many things that contribute to an excellent working environment. The practice has a growing and committed patient base. It’s well-defined and well-managed operating procedures that helped to build a strong hygiene program.

The vendor is willing to consider the sale of the practice on a tangible asset basis which will afford the purchaser a considerable tax shield.

Highlights of this practice include:

  • ~2,900 square feet of finished space
  • Ground floor location with a lot of free parking
  • 7 comprehensively equipped operatories
  • Excellent lease with 5 years remaining and right to renew for 10 more
  • High-density area with exceptional new patient flow (over 60/month)
  • Substantial sustained year-over-year growth

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 Webinar will be hosted on Friday, August 21, 2020 at 2PM (MT)
  • Please click here to register for the Webinar
  • A Confidential Open (by appointment only) will be held on Sunday, August 30, 2020
  • The Appraisal will be distributed following the Open to those who attended
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline
  • Offers must be submitted on or before Friday, September 11, 2020
  • 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 on October 15, 2020

For more information, please contact Dr. Dev Mangat, Director of Western Canada.

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