Ref# 4844
Okanagan Valley – Updated Information
“There has been a steady and strategic squeeze on commercial leases over the last number of years – Banks never liked distressed leases, but now, I have it on good authority that they will no longer offer long-term financing, even with mitigating terms on distressed leases.” Timothy A. Brown. “Landemic” Read: Landemic
ROI is excited and proud to represent an exceptional general practice opportunity in the Okanagan Valley. This is an ideal practice to expand your career while enjoying a 4 seasons lifestyle in a vibrant, growing city.
Our client is willing to offer a favourable 12-year lease with renewal options which is crucial in today’s lending landscape. Practices with strong leases are in high demand!
Located in the largest and fastest-growing city in the Okanagan, it is surrounded by forested mountains, orchards and vineyards overlooking the lake. This community has been ranked the second-best small city in all of Canada thanks to its growing economic development, tourism, expanding downtown and real estate – not to mention inviting year-round outdoor recreation choices. The city offers an attractive quality of life and amenities such as an airport, hospital and access to post-secondary education.
This very special general practice has an easily accessed location, ground floor store-front visibility and enjoys an efficient use of space with a superior office layout and a 10-year fair market lease.
Over the years the owner has forged an excellent professional and ethical reputation based on the delivery of quality care with a focus on prevention and restorative dentistry including prosthodontics. The office is open 4 days a week, is a 4 operatory solo practice, and there is room to expand the operating days and time. Providing treatment in-house for some of the procedures being referred would easily provide an immediate increase in revenue for a new owner.
No evenings or weekends, 4-5+ days of hygiene, 1,250 active patients and ~17 new patients/emergencies per month, loyal and dedicated staff, and an amazing 43% cash earnings all create a solid foundation for this well-established office moving forward.
All of this offers an exceptional opportunity for continuing to optimize a flourishing dental practice for your secure future.
Highlights of this practice include:
- 4 ops; 1,896 sq. ft.
- 4-day week, no evenings or weekends
- 4-5+ days of hygiene per week
- Excellent lease
- ~80% of patients have comprehensive insurance
- 70% of recall patients attend every 6 months and 30% attend every 3-4 months
- Recall/confirmations sent by email/text to patients
- 43% cash earnings, room to extend hours and expand procedure codes – ortho, surgery, endo and implants
- Paper charts, digital radiographs and pan
- Well-equipped operatories, lab, x-ray and sterilization area, private office, business office and staff room
- Ample and available parking
- High traffic, established and growing neighbourhood with a strong mix of residential, retail, and commercial economic activity
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 buyers
- Offers will be presented as received
- 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 Sales Associate and/or Elliott Broad, Sales Associate.