Practices For Sale

Ref# 4639

Status: Unconditionally Sold

Location: Ontario

Gross Revenue: ~$976,610

Appraised Value: $1,495,540

Asking Price: $1,400,000

Cash Earnings: ~$493,610

Reduced Asking Price; initially listed with an Asking Price of $1,500,000

Waterloo Region

Purchasing a practice is never an easy decision particularly for a first-time buyer.  Many are concerned when it comes to future potential, competition and how the practice will perform once a change in ownership occurs.

These are definitely factors that should be considered seriously.  A practice plan is critical in ensuring success for the new owner.  Banks will offer 12-year financing with up to one year of interest only payments. This particular practice has 2 lenders prepared to support it as they recognize the strength and existing success of this opportunity. With 100% financing, a new owner can rest assured that after 12 years they will have an asset  that not only has appreciated in value but more importantly represents equity that they have created for themselves. This is a refreshing option for those working as an associate who are currently building equity for someone else.

While a buyer should most definitely evaluate an opportunity on the current and historical results, one should also consider the benefits he/she can bring as the new owner.

We are relaunching this opportunity at a revised price of $1,400,000.  Our client is motivated to sell the practice due to relocation.  The office is well situated in a bedroom community of Kitchener/Waterloo.  The population in the past 3 years has increased by 42% due to people choosing to live here and work not only in the area but also in Toronto.  Housing developments are on the rise which is a main economic indicator of future growth.

Highlights of this office:

  • 2021 fiscal year is on track to reach ~$1,000,000
  • 20 new patients per month
  • Our client works 34 hours weekly with 1 hygienist
  • 95% of patients have comprehensive insurance plans
  • 1,300 active and semi active patients with high dental IQ
  • 3 operatories with room to expand into a 4th
  • Private office could be adjusted to create a 5th small operatory or addition of a pan
  • ~1,100 square feet with an excellent lease with exclusivity and no demolition clause
  • Highly efficient operations with low AR
  • Room to extend hours
  • Fully digital
  • Office is set up and compliant with IPAC, HVAC, X-ray and respiratory protection program
  • In light of the pandemic, our vendor has also made the appropriate modifications to the operatories

Additional Purchaser/Advisor Information:

  • A Virtual Tour and information booklet will be provided within 24 hours of your request
  • Offers will be presented as received
  • 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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