Practices For Sale

Ref# 4619

Status: Updated

Location: Alberta

Gross Revenue: $886,188

Appraised Value: $898,010

Asking Price: $799,900

Cash Earnings: $375,808

Updated – Reduced asking price

Edmonton

ROI Corporation is thrilled to present this well-established practice in north central Edmonton. Terrific location! The practice is highly visible, situated on the ground floor of a professional building with immediate proximity to hospitals, specialists and surrounded by residential neighbourhoods. In particular, there is a booming medical clinic and pharmacy on the same floor. Over the years, this has created convenient partners and an excellent source for steady new patient flow.

This is a unique opportunity – the owning dentist shared the space with an MD who retired and closed their practice on March 31st, 2021. Our client has professional designs and plans to renovate that space. This addition will double the facility used for dental care. A proposed ten-year lease with a tenant improvement allowance and free rent is awaiting the new owner. A seamless transition is anticipated, if necessary.

Highlights of this practice include:

  • 2,610 sq. ft. Three fully equipped operatories, with three more planned for a possible build-out
  • Loads of potential for growth by adding a Hygiene Program & expanded hours
  • Many referrals that could be done “in house” to boost revenue; ~ 15 procedures referred out monthly
  • Currently not offering any early morning or evening hours
  • Well managed. Assignment practice with no A/R over 60 days
  • Digital Pan X-Ray + brand new Primescan
  • Two 5 Year renewal options can extend the current lease to 2033
  • 2 washrooms; staff & patient
  • 1,037 Active Patients. Backed by a large, loyal patient pool of ~7,000.
  • Solo owner-operated practice.

Additional Purchaser/ Advisor Information:.

  • A Webinar will be held on Thursday, October 21st, 2021, @ 7:00 PM (MDT)
  • Please click here to register for the Webinar
  • The Appraisal will be distributed prior to the Webinar to the registrants
  • Showings by appointment only.
  • Instructions to draft an Offer to Purchase must be submitted on or before Friday, October 29th, 2021.
  • Within 48 hours of acceptance of an Offer, we will require 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 additional information, please contact David Raborn or Dr. Wayne Raborn, Sales Representatives.

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