Ref# 4732
Vancouver Island
It is with great pleasure that ROI Corporation announces this opportunity to purchase a 4 operatory practice in Southern Vancouver Island! Potential for purchasing the property as well!
This ground floor practice is packed with character and an abundance of natural light. Located less than 6 kilometres from the city’s downtown core in a residential area, this practice benefits from a multitude of young families in the area. While the entire Vancouver Island is showing signs of significant growth, this city in particular continues to indicate no signs of slowing down. With at least 5 schools in the immediate area, there is no shortage of patients from which to draw. Currently treating over 3000 active patients, this truly is a thriving practice.
Patients’ minds are at ease when arriving as plentiful parking makes arrival a breeze. They are welcomed into the facility through a stunning reception, complete with hardwood floors, lovely paintings and a cozy fireplace. Newly installed air filtration devices in each operatory ensure that patients feel safe throughout their appointment. The practice is fully digital, and the equipment is all very well-maintained. Additionally, the lower level provides a residential suite that has been well-kept and could be included in the sale. This lends further options for either renting out the 1-bedroom suite or potentially a buyer living in it themselves.
The practice is currently open 5 days a week, with the vendor working 3 days and the associate working 2. There is a strong hygiene/recall program which is booked 6-12 weeks in advance. The vendor is fortunate enough to employ long-standing staff members who reflect our client’s dedication to patient care and excellence. The biggest advocates for this practice are the patients themselves. Reviews for this practice are a perfect 5.0 and have nothing but overwhelmingly positive things to say. Appointments for our vendor and associate are booked up in advance for 3 weeks and 2-3 weeks, respectively. A new owner who is motivated to work additional days could easily increase production shortly after purchase. They have seen a significant level of growth in the previous 3 years and this practice is ready to be taken to the next level. Additionally, the vendor owns the building and will be willing to give a favourable lease term.
This exciting opportunity is one that you will definitely want to check out!
Highlights of this practice include:
- Ground-level practice in a high-density residential area
- Vendor owns the building – available for sale
- Significant 3-year revenue growth with over $440,000 in cash earnings
- Doctor enjoys a 21-hour workweek
- Non-assignment (except under special circumstances)
- Fully digital, 4 op office
- Bright space with exceptional patient comfort
- Long-standing, dedicated staff members
- Strong recall/hygiene program
- Lower level residential suite
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request
- The Appraisal will be distributed upon request
- The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
- 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
For more information or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Associate and/or Elliott Broad, Sales Associate