Practices For Sale

Ref# 4632

Status: Conditionally SOLD

Location: Ontario

Gross Revenue: ~ $932,000

Appraised Value: $1,683,440

Asking Price: $1,780,000

Cash Earnings: ~ $479,260

This opportunity was posted yesterday at 2:30 PM. We are reposting as some of our NLS subscribers did not receive the email.

 Kitchener / Waterloo

ROI Corporation is pleased to present the opportunity to purchase a thriving practice in the innovative tech hub of Kitchener/Waterloo.

The practices average monthly production exceeds $77,000 and a healthy hygiene program represents 32% of gross income.

Positioned on a main arterial road in a prime central location, this newly renovated 4 operatory facility enjoys great exposure and ample free parking.

Our client currently only works 3.5 days per week creating an opportunity to expand hours and increase revenue.  This 30+ year old practice offers a wide range of services including oral surgery. The practice lease offers a lease term until 2031 and options to expand the practice footprint within the building.

Current accounts receivable is well below industry average, with this being just one example of the operationnal strength inherent in this business.

With the Kitchener/Waterloo regions population expected to swell over the coming years with expansion projects which include the Kitchener GO Rail service, the technological hub of Ontario is poised for astounding growth.

The vendor has to decided to sell as they no longer want to commute 1 hour+ to work.  Our client would like to finish approximately 10 ortho cases and help the purchaser transition.

Highlights of this Practice Include:

  • 1500+ Patients
  • Cash earrings over $500,000/year
  • Opportunity to expand hours
  • Growing community and business area
  • 30 year+ loyal patient base

Additional Purchaser/Advisor Information:

  • A practice profile will be available to all purchasers requesting information.
  • A confidential Webinar will be held on Thursday May 27th,  2021 at 6:15 pm EST
  • The Webinar will be recorded. If you are not available to watch it live, we still encourage you to register as it will be sent to those who qualify following the live event.
  • A virtual tour will be provided to qualified parties
  • The Appraisal will be available to all qualified purchasers Tuesday June 1st, 2021
  • Offers are due on or before 5:00 PM on Friday June 4th, 2021
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

For additional information, please contact Robert MacDonald, Sales Representative.

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