Practices For Sale

Ref# 4639

Status: New

Location: Ontario

Gross Revenue: ~$976,610

Appraised Value: $1,497,880

Asking Price: $1,500,000

Cash Earnings: ~$493,610

Waterloo Region

ROI Corporation is proud to bring this impressive 3-operatory general practice to market. Located in a charming town, this practice’s extraordinary cash earning percentage can be attributed to its excellent business plan as well as lower overhead costs.

Our client has established a strong foundation through investment in HR procedures as well as effective business operations. By utilizing practice manuals and operation manuals the team is able to form a vision and strong understanding of the day-to-day performance of the practice. The use of Recall Max is an example of the ability to improve the efficiency to help generate strong results seen in the healthy recall frequency. With 70% of the patients attending every 3-4 months for perio recall it is apparent that patients enjoy their visits and value the work of the team.

The total square footage is 1,149 providing a great flow and spacious operatories. The fixtures provide a welcoming, spa-like environment appealing to the many individuals and families that frequent the office. Housed in a single storey professional health building, the dental practice has exclusivity with renewals available until 2031. The region has experienced substantial growth in the past 5 years and is forecasted to continue to expand as municipal governments prepare a plan to accommodate the future demand.

The office is open 45 hours per week, Monday to Friday, with one Saturday per month. There is potential to broaden the evening hours that are offered, however as the owner-operator our client felt content maintaining a traditional schedule. Due to family obligations, our client is relocating to the central GTA. They are happy to contribute to a transition post-close.

Highlights of this practice include:

  • 730 full-service, unique patients seen in the last 12 months and 852 in the last 24 months
  • 20 new patients per month on average
  • No demolition or relocation clauses in the lease
  • The regions population is forecasted to increase by 100% in the next 30 years
  • Room for 4th operatory
  • One perio associate attends the office 1 day/month

Additional Purchaser/Advisor Information:

  • A Practice Profile and Virtual Tour will be provided within 48 hours of your request
  • A Webinar Recording will be distributed to qualified parties on Friday, July 9, 2021
  • A Confidential Open (by appointment only) will be held on Sunday, July 18, 2021
  • The Appraisal will be distributed on or before Tuesday, July 20, 2021
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
  • Offers must be submitted on or before Friday, July 30, 2021
  • 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 or to schedule an appointment, please contact Jackie Joachim, COO & Sales Representative.

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