Practices For Sale

Ref# 4674

Status: Conditionally SOLD

Location: Ontario

Gross Revenue: ~$740,000

Appraised Value: $1,439,150

Asking Price: $1,439,150

Cash Earnings: ~356,710

Durham Region (south)

It is our great pleasure to feature this conscientious, well-run family practice. Founded in 1984, literally all roads lead to this special opportunity. The practice enjoys a ”go-to” reputation in a fabulous community that while already well-established, is poised for outrageous growth. The office has security for years to come, idealistically situated on the main street in an attractive building that enjoys old-world charm and incorporates all of the modern expectations for optimal patient and business specification.

Our client is choosing to sell because this magnificent business has put them in a position to do so. The significant time investment required to responsibly maintain the operations and growth that the office is seeing is simply not a priority at this stage in our vendor’s professional career. This said, our well-respected Vendor is happy to reduce their intensive schedule and maintain an associateship that would bolster the office during the transition and potentially beyond.

The office boasts a progressive hygiene program, traditional opening hours, and a comprehensive list of attainable services referred out, allowing for a very feasible revenue increase to already respectable cash earnings. Leveraging the significant foot and road traffic that passes by the practice daily will be the ongoing catalyst allowing our new owner to dictate how they wish to shape this highly desirable opportunity.

Highlights of this practice include:

  • Excellent client demographics. Numerous proposed and confirmed developments in the immediate area
  • Significant scope to grow all procedural verticals
  • Ample parking in a private lot
  • Significant scope to increase the practice opening hours and staffing levels
  • Significantly under-marketed given the abundant visibility and opportunity
  • Storefront location
  • Lease to be negotiated with the owner and potential to purchase the building in years to come
  • 850 patients with a strict new patient criteria
  • 41.5% of production is attributed to preventative care
  • Excellent cash flow

Additional Purchaser/Advisor Information:

  • A brief, factual webinar will be held on Thursday, September 23rd at 8 PM.
  • A Virtual Tour with location confirmation to be provided to all attendees prior to the Webinar.
  • A Confidential Open (appointment only) will be held on the morning of Sunday, September 26th.
  • The Appraisal will be distributed to those who request it directly.
  • Conditional offers must be submitted on or before noon on Thursday, October 7th
  • Within 48 hours of acceptance of an offer, we will require 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 Robert Spillane, Sales Representative.

 

 

 

Request more details for this listing

In order to get more information on this listing you must fill out the confidentiality agreement form. If you have already filled out this form please enter the email address we have on file below. If you have not filled out the confidentiality form please follow this link to do so: Confidentiality form.

Request More Information on this listing
I would like to receive future messages about special offers, news and event information