Ref# 4777
Calgary
A successful practice reflects an owner’s dedication to patient care, hard work, determination, and the desire to continually improve. This listing is the result of an exceptional owner who surrounded themselves with the right advisors to create a thriving dental practice that has served its community in this specific location for over 30 years. After a rewarding career spanning 40+ years, our client has decided the time for retirement has come and therefore, is prepared to hand over the reins to a new owner.
ROI Corporation is proud to represent this outstanding practice. Purchasing a practice of this caliber is a rare opportunity. As such, we will be handling inquiries from prospective buyers in a very specific manner. Interested purchasers will be required to follow a pre-screening and qualification process, which is outlined below. Protecting our client’s confidentiality is paramount to us. Therefore, a Practice Profile for this clinic will not be distributed. Our intention is not to offend any purchaser by our process. We hope those participating will feel assured that these measures will be taken should they find themselves selling a highly desirable office such as this one.
The Pre-Screening Process:
- Upon receiving your request for more information, a buyer application will be sent for your completion.
- Interested buyers will have a private one-on-one interview with Jackie Joachim, Chief Operating Officer, and must submit a completed application prior to or during the interview.
- Qualified buyers will also be asked to provide confirmation from their lender supporting capability to qualify for financing at this level. We are aware that a lender cannot give a blanket authorization but can at least provide comfort in allowing us to know this transaction can be completed.
Highlights of this practice include:
- Gross revenue is just under $5 Million
- A/R are extremely well managed
- Practice analytics demonstrate ability to increase hygiene appointments by scheduling 600 active patients, reduce supplies by up to 5%, and saving 3% on staffing simply by scheduling more efficiently – clearly creating additional $300K to net profit annually.
- Well documented protocols for practice management, sterilization, health and safety, human resources, COVID protocols, etc.
- 40 new patients per month
- 7 hygienists producing 160 hours of hygiene per week
- 12 operatories
- Associate driven with contracts
- Team members very well trained
- 4,200 sq. ft. facility with a current 5-year lease + 2 additional 5-year renewals
- No demolition clause in lease
- Excellent location and visibility providing easy marketing to the surrounding residential area
- Physically well connected via major arterial roadways, thus making it extremely easy for patients & staff to attend
- All operatories are well equipped and sterilization area is fully compliant with all IPAC protocols
- Office is open approximately 65 hours per week, with room to expand
- 20% of patients visit every 3-4 months and 60% of patients visit every 6 months
- Over 6,500 patients attending the practice
- Assignment office, with 85% of patients having comprehensive insurance