Practices For Sale

Ref# 4701

Status: New

Location: British Columbia

Gross Revenue: $1,167,564

Appraised Value: $1,419,430

Asking Price: $1,419,430

Cash Earnings: $647,704

 

West Kootenay

ROI is excited to present this extraordinary opportunity – a special “package” that includes a successful, thriving practice along with the freestanding building which houses it, as well as a furnished apartment and large storage space.

This established community proudly boasts a development surge in recent years, from industry to legendary sporting feats, experience the hometown pride that emanates from locals. Enjoy a favourable year-round climate with recreational amenities, including sports centres, numerous hiking and walking trails, world-class fishing holes, golfing, biking and skiing in spectacularly picturesque surroundings. This thriving city boasts a new library and museum that offers perspectives on industry growth and significance on immigration and local culture. There is also a vibrant arts scene with many events and festivals to participate in throughout the year.  This safe community is suitable for an ambitious dentist looking to raise a family.

The key sectors of this vibrant community are finance, healthcare, industry and tourism making this the hub and service centre for the West Kootenays.

The city offers a diverse community, affordable real estate, a balanced lifestyle, excellent schools, a regional hospital and a robust transportation infrastructure that provides easy access to highways, rail travel and airports. Daily flights to Vancouver and Calgary offer an opportunity for Investor Dentists™. The furnished apartment offers the Investor Dentists™ or associate a convenient housing solution.

The practice is long-established, highly visible and located on the main street. It is a busy general practice with room to grow in ortho, prosthodontics, endo and even restorative procedure codes.

The doctor and hygienist are booked 4-8 weeks ahead – with room for expansion in hygiene hours as well. The office enjoys a dedicated, long-standing and loyal staff with employment contracts. Being the “hub” city, there is a large area upon which to draw new patients with a favourable dentist to population ratio. This is a very efficiently run general practice with an impressive 55.5% cash earnings. The owner is prepared to mentor and remain with the practice to ensure a successful transition for the purchaser, patient family and staff.  The current owner would also be able to provide coverage for the new owner for holidays or other times off.

This opportunity offers income through cash flow, busy-ness through patient flow and a facility to own and realize immediate and future income.

This is an opportunity not to be missed!

Highlights of this practice include:

  • 3 ops with room to expand another operatory
  • Digital pan and CBCT (2021)
  • Open 4 days per week
  • 170 days worked per year on average
  • No evenings or weekends
  • 32 hours per week dentist (4 days)
  • 16 hours per week hygiene (2 days)
  • 68% with dental insurance
  • 21-29 new patients per month
  • ~1,000 active patients
  • 55.5% cash earnings allows ample profit to repay the investment
  • Broad patient demographic
  • Staff employment contracts
  • Ample free parking
  • Spacious, bright, and clean facility with living/rental accommodation

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • The Appraisal will be distributed on request
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline
  • Offers must be submitted on or before December 31st, 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
  • Our vendor is looking to close this practice sale in Early 2022

For more information or to schedule an appointment, please contact

Dr. Marcia Boyd, Senior Sales Associate.

 

 

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