Practices For Sale

Ref# 4731

Status: Available

Location: British Columbia

Gross Revenue: $1,569,958

Appraised Value: $2,097,560

Asking Price: $2,097,560

Cash Earnings: $578,958

VANCOUVER

Purchasing an established practice in an ever-growing community is always a priority to a purchaser. Having a vendor willing to stay working post-sale to create a successful transition is another important factor. ROI Corporation is excited to present this exact opportunity for your consideration.

As a 30+ year practicing dentist, our client is ready to start the transition process of handing over the management reigns to a new owner. This is a strong, long recognized restorative and preventive practice with an education and patient centered focus. In addition to acquiring a well-run and successful office, the new owner can easily expand hours and services significantly in the areas of perio, prostho, endo, ortho, and implants that are currently referred, thereby instantly increasing the revenue stream.

This highly desirable community is undergoing a massive expansion which includes transit upgrades and increasing density through the construction of retail, commercial and residential space.

This practice has earned an excellent reputation by ensuring that patients are respected and attentively listened to for their specific needs. This type of attention to detail has allowed the owner of this practice to have loyal, long-standing patients – some of which are now multi-generational. Creating a warm and caring environment takes tremendous effort and well-trained, dedicated and loyal staff.

This non-assignment practice has had approximately 2,369 unique patients seen in the last 12 months. Despite the various restrictions over the past 2 years, this practice has demonstrated consistent results. A strong recall program of 7 days of hygiene per week results in approximately 29% of production with a recall frequency of  6% every 3 months, 20% for 4 months, 65% for 6 months, 8% every 8-10 months and 1% every 12 months. 76% of patients have dental insurance.

Currently, the office is not involved with promotion or use of social media, a new owner should embrace this opportunity to enhance the already strong patient base.

This practice is located in a medical/dental professional building on a main street with easy access and parking. The space is 1,835 sq. ft (plus additional storage) with 6 well equipped operatories. The lease is through 2028 and although there exists a demolition clause it is secure through the end of 2026. Fully occupied, tenants have renewed their leases, comfortable that the demo clause will not be acted upon in the foreseeable future.

Don’t miss this exceptional opportunity to own an established, high-quality, consistent, profitable practice.

 Highlights of this practice include:

  • 1,835 square foot facility with 6 fully equipped ops,
  • All 6 ops north-facing views with abundant natural light
  • Owner: 4 days/week; Associate 4 days/week
  • No evenings or weekends
  • 7 days of dental hygiene with a strong recall program
  • Non-assignment
  • Private office for 2, staff room, washroom, lab, sterilization, business & reception
  • No external marketing
  • Efficiently managed, very low accounts receivables
  • 37% cash earnings

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • Appraisal available now
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline.

For more information or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Sales Associate.

 

 

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