Practices For Sale

Ref# 4627

Status: Available

Location: Ontario

Gross Revenue: ~ $2,053,836

Appraised Value: $3,717,090

Asking Price: $3,950,000

Cash Earnings: ~ $941,436

Just West of the GTA

ROI Corporation is delighted to present you with this extraordinary opportunity. This practice was built about 25 years ago and is strategically located in the heart of a mid-size town (905 area code) in a shopping mall 30 minutes from the Greater Toronto Area. This community has blossomed due to the migration patterns of the past year and the population is approaching 50,000 persons. Mostly young families. A very bright future lies ahead for this charming ‘small town’ that has almost become enveloped by the GTA.

The owner and staff of this practice have developed a community of loyal, long-standing patients by delivering the highest level of care based on a number of core values: creating a warm and caring environment, providing quality dental care by listening and respecting each patient’s treatment choices, and, most importantly, genuinely loving what they do.

Remarkably, the monthly production returned to pre-Covid levels quickly – on slightly reduced working hours! Our database rarely reveals this phenomenon. This speaks to the team and the motivation of the patients to seek proper dental care during the hours that are more conducive to our client’s family obligations. Our client is seeking an early retirement.

Approximately 2,000 unique patients have been seen since reopening in June of 2020.

The current practice hours could be significantly expanded to include evenings, Fridays and weekends and would likely result in a dramatic increase in revenue. This community and this type of mall location has been informally surveyed as to what the visitors prefer. With respect to our client, he is not willing to work the operating hours that are desired by the profile of the existing community not to mention the demands of the insurgence of young families moving to the area.

Highlights of this practice include:

  • Approximately 20 specialty procedures referred out each month
  • Very low accounts receivables
  • No providers work on Friday’s, practice is closed on Sunday
  • The practice is open alternating Saturdays only
  • Over 60 hours of expansion time pre-exists in the schedule while operatories sit idle
  • ~2,180 square foot facility with 6 fully equipped operatories
  • Exclusivity in the plaza with no demolition clause

 

NOTE:

  • The ROI Corporation traditional Open will not be hosted for this unique opportunity as the neighboring businesses are open 7 days per week. Confidentiality is paramount to our client

 

CRITICAL DATES:

  • Our CEO Timothy A. Brown will be recording an executive summary of the appraisal.
  • A 3D virtual tour and video will be available upon request
  • The Appraisal available
  • 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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