Practices For Sale

Ref# 4642

Status: Offer Registered

Location: Ontario

Gross Revenue: ~$850,000

Appraised Value: 1,357,370

Asking Price: $1,500,000

Cash Earnings: ~$268,125

Barrie

ROI Corporation is thrilled to present this incredible opportunity! This long-standing, general family practice, situated in the core of a busy Barrie shopping center, has been in the community for decades. Our client purchased this already decades-old practice in 1997, and relocated it to its brand-new, stunning 5 operatory facility in 2017.

Approximately 1,638 unique patients were seen in the 12 months ending February 1, 2021. With 20-25 new patients entering the practice each month, the current practice hours (Monday through Thursday and every other Friday) could be expanded to recognize an immediate increase in revenue.

This is the true definition of a general practice, with approximately 95% of revenue attributed to diagnostic, preventative, and restorative codes. This is an ideal practice for someone who can perform specialty work and keep the significant amount of outbound referrals in-house

Highlights of this practice include:

  • 85-90% of patients have insurance coverage
  • Upwards of 40-50 specialty procedures are referred out each month
  • Incredibly strong hygiene program contributing ~56% of gross revenue
  • New ~2,000 square foot facility with 4 fully equipped operatories + 1 plumbed & wired
  • Current lease term until 2027, with an additional 2 x five-year terms until 2037

 

CRITICAL DATES:

  • A recorded video detailing this practice will be available on Thursday, June 10th, 2021 
  • The Appraisal is available now.
  • 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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