Practices For Sale

Ref# 4809

Status: Updated

Location: British Columbia

Gross Revenue: $958,140

Appraised Value: $1,118,140

Asking Price: $1,120,000

Cash Earnings: $404,054

EAST COAST OF VANCOUVER ISLAND

A fantastic oceanfront location, this practice boasts 6 operatories that enjoy stunning views of the amazing wildlife in Campbell River – killer whales, humpback whales, sea lions, seals, eagles, etc. right outside the windows, as well as winter storm watching from the comfort of being cozy inside. This brings the office “with a view” to a new level and gives a sense of tranquility to both the patient and the doctor.

The strata is a well-constructed, concrete building that houses the dental office on the second floor which, at some point in the future, could be available for purchase. Meanwhile, the vendor would provide a long-term, fair market value lease that would be an advantage to the new owner and provide security in gaining financing from any banking institution. This protected lease arrangement is highly desirable in the current marketplace and would put the new owner’s mind at ease.

This is a solid, established practice that is well respected in the community offering the full spectrum of general practice procedures, as well as a particular interest in surgical procedures for which the vendor is excited to mentor the new owner – a free post-graduate course as a bonus!!

The spacious office was designed and built with functionality in mind. With over 3,000 square feet and 6 operatories, the space is perfect for an ambitious owner looking to build a thriving practice. Hygiene is booked 6-8 weeks in advance and has room to grow. Conveniently located on a major road, getting to this practice is a breeze for all patients in the community.

The philosophy of the practice is focused on an opportunity for excellence in regard to patient care. This, in turn, has led to a loyal, trusting patient base and continued revenue growth. The practice is open 5 days a week and does not currently employ an associate, and the owner is presently working 4 days a week. The already strong production numbers could be bolstered by additional staff and the new owner working an additional day per week.

Don’t miss out on this rare opportunity to grow the dental practice you want while enjoying a true work-life balance living in the community of your dreams.

Highlights of this practice include:

  • Stunning waterfront views and natural lighting
  • Fully digital practice
  • Doctor currently enjoys a < 30-hour workweek
  • No evenings or weekends
  • Room to expand
  • The vendor wishes to make themselves available for a healthy transition
  • Vendor owns the building and can guarantee a 10-12 year lease
  • Growing patient list with the potential to further develop hygiene
  • Cash earnings of over $400,000 (47.4%)

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • A Confidential Open (by appointment only)
  • The Appraisal will be distributed to qualified potential purchasers
  • Offers will be presented when received
  • 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 as soon as mutually convenient

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

 

 

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