Practices For Sale

Ref# 4716

Status: Sold

Location: British Columbia

Gross Revenue: $1,266,640

Appraised Value: $1,706,700

Asking Price: $1,706,700

Cash Earnings: $593,743

GREATER VANCOUVER

ROI Corporation is excited and proud to represent this well-established general practice opportunity for your ownership consideration. Launched in 1988, it is a highly visible “storefront” location with busy foot traffic in a popular shopping centre that boasts well known tenants. The practice enjoys a great legacy of patient centred education and quality care with a preventive and restorative focus using a conservative approach. There is a strong recall program with hygiene booked 6-9 months out.

The location offers excellent practice growth potential as the surrounding community is highly desirable and continues to grow with new construction and increasing population density in the immediate area. While the majority of the patient base live or work nearby, it is easily accessed by public transit or car and benefits from ample, free parking. Because of its great reputation, referrals are by “word of mouth” so there is opportunity to utilize social media, etc. for the future owner.

As an efficiently and cost effectively run business, there is a long standing respectful and happy cost sharing arrangement where expenses are split equally making this a most affordable opportunity. The facility is 1,197 sq. ft. with 5 operatories – 2 for each dentist and a shared 3rd op, in addition to sterilization, lab, staff room, washroom, private office, reception and business office. Operating a 4 day week and not bound by shopping centre hours there is room to expand the days and hours.

Highlights of this practice include:

  • 4 day week, no evenings or weekends
  • 6 days of hygiene per week
  • Assignment practice with 85% of patients having comprehensive insurance
  • Majority of recall patients attend every 6 months
  • Paper charts, while radiographs are digital
  • Well laid out operatories, lab, x-ray and sterilization area, private office, business office and staff room
  • High density/growth area
  • Approximately 4,000 patients of record
  • Room to extend hours and expand procedure codes – ortho, pros
  • High traffic established neighbourhood with a strong mix of residential, retail, and commercial economic activity
  • 1,197 sq. ft. shared facility

Additional Purchaser/Advisor Information 

  • A Practice Profile will be provided within 48 hours of your request  
  • Confidential Open by appointment only 
  • 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 Friday, January 28, 2022 
  • 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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