Practices For Sale

Ref# 4644 (Update)

Status: Updated

Location: Ontario

Gross Revenue: ~ $904,000

Appraised Value: $1,716,990

Asking Price: $1,750,000

Cash Earnings: ~ $514,503

Updated – Reduced Asking Price

DOWNTOWN OTTAWA – Property also available – $760,000

Enjoy the exclusive benefits of ownership of your practice and your facility with the purchase of this well-managed and highly successful  30+ year solo practice in downtown Ottawa.  The Vendor wishes to retire and is looking forward to the sale of the practice.

The Vendor has owned this practice for more than 30 years.  He has dedicated his career to providing the highest level of care for his loyal patients.  A buyer interested in this practice will benefit from approximately 2000 loyal patients and their family members who attended the practice last year.  Patients are booked fully until May 2022, and there is a waiting list for hygiene appointments.

This 4 op, 1260 square foot practice is located on street level with convenient public and private transportation access and abundant street parking. The attractive suite is immaculate, tastefully decorated, and upgraded with digital radiographs and panorex.

COVID-19 precautions are evidenced with the installation of operatory barriers and/new doors, air filtration and water purification system, and Steritrace/scanner system. All patients are pre-screened following provincial guidelines and temperature checked on entry.

The practice typically generates $1,000,000/year in annual revenue, and year-end 2020, pro-rated has maintained this production level.  Despite current COVID-19 challenges relating to appointments, including longer treatment time, shorter work hours, and educating staff and patients about the office’s infection control protocols, hygiene still represents a healthy 44% of revenue.  In addition, many procedures are referred out, including endodontics, surgery, and orthodontics.  Expenses are extremely well contained, with net earnings to the Vendor at 54% revenue.

The Vendor will commit to a short transition with a new buyer.

Highlights of this practice include:

  • Opportunity to purchase facility.
  • Solid year over year revenue
  • Solo practice – never had an associate.
  • 44% hygiene revenue
  • 54% net to owner
  • Extremely low accounts receivable – a credit as of May 2022
  • Does not accept assignment
  • Hygiene appointments fully booked till March 2022, with a waiting list

Additional Purchaser/Advisor Information:

  • Practice Profile, Complete Appraisal and Video Tour available now.
  • Offers presented as submitted
  • On-site visits by appointment
  • Virtual OPEN October 27th at 7:30 pm EST 

Please join my meeting from your computer, tablet or smartphone.
https://global.gotomeeting.com/join/950976813

You can also dial in using your phone.
United States: +1 (408) 650-3123

Access Code: 950-976-813

 

For more information or to schedule an appointment, please contact Ann Wright, Sales Representative/Associate.

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