Practices For Sale

Ref# 4574

Status: Sold

Location: Atlantic Provinces

Gross Revenue: $1,088,650

Appraised Value: $831,980

Asking Price: $739,000

Cash Earnings: $391,750

Price Reduced – Previously Listed at $790,000

Sydney, Nova Scotia

Share Sale

Sydney, NS has just been listed as one of Canada’s most livable places!  The same researchers who compile the United Nation’s annual World Happiness Report determined that this Cape Breton community ranked 8th out of 166 Canadian communities for affordability, growth potential and lifestyle.  As but one illustration, their January 2021 survey found that the proceeds from the sale of an average-priced Toronto house would buy six houses in Sydney. Meanwhile, the dental practice has continued to rebound exceptionally well.  Annualized current revenues will easily exceed Pre-Covid numbers!

And best of all – the asking price has not increased!

This attractive dental practice is located on a sunny top floor with a wonderful panoramic view.  It was established in the early 1990’s and relocated in 2008 to a newly built, professionally designed, facility to effectively serve the community.  The 1,800+ square foot space – where the operatories are bathed in natural light – provides a comfortable environment for patient care of all ages. Public transit and ample parking make access easy!  This Cape Breton Island community provides for an ideal work/leisure lifestyle balance; with year-long recreational activities, including: hiking, boating, skiing and the Arts.

This established general practitioner performs all aspects of dentistry – on patients who have a high dental IQ and the means to accept complete dentistry. In fact, 92% of the patient family have third party insurance benefits.  Major restorative treatments comprise almost 12% of the revenues.  Similarly, prosthodontics is a big part of this practice’s offerings, with both removable (~3% of gross) and fixed (~4% of gross) performed at a high level.  To round things off, fixed wire orthodontics and endodontic treatments each represent just under 5% of the revenue stream.  Implants are both placed and restored in this practice.

The practice has rebounded from the pandemic induced shut down exceptionally well.

The practice utilizes the current version of Abledent practice management software. Patient charts are paper based, but radiographs (intra-oral and panoramic) are digital (Sidexis). All computers (CPUs, monitors, server, etc.) were just updated.

This is a fantastic opportunity to own an independent dental practice in the Cape Breton Regional Municipality; there aren’t very many left!

The current owner is flexible when it comes to transition and the timing of a sale.

Please contact Dr. Jeff Williams, Associate for Atlantic Canada, today for more details.

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