Ottawa – Condo available – asking $210,000
This solo-operated 25-year-old Practice offers the unique opportunity to purchase both the Practice and the property. In today’s business climate, the option to own your property is highly attractive as an investment and guarantees long-term occupancy. Located on the ground floor, this Practice occupies a corner unit in a professional medical condominium building with a private parking lot. The building is located on a main thoroughfare with access to public transit. The 800 sq. ft. suite consists of 2 operatories with room to build a 3rd, a private office, a business office, and a stericentre. The X-ray area is located in a separate area. The Vendor is installing intraoral digital radiography. There is no panorex. However, the X-ray area is ready for the installation of a panorex unit.
The Practice is currently open 3 days/week and employs one dental hygienist and one dental assistant/receptionist. The dental hygienist works 2 days/per week and assists chairside when available.
This Practice consists of a long-term, loyal client base who value the owner’s attention to patient care. There are approximately 160-200 active patients who generate approximately $160K in annual revenue. Net earnings to the owner is 50% after adjustment for rental income. This Practice will be particularly attractive to a dentist who is interested in working part-time and owning their own Practice and property. There is also a tremendous upside for a new owner who is interested in adding endodontic and orthodontic treatment to the Practice.
Key Timelines for Purchasers
- The Confidential Practice Profile is available now.
- Valid, complete Offers will be presented to the Vendor upon submission.
- All offers will be prepared on the ROI template for review by your advisors.
- Closing is preferred within 60 days of acceptance of the agreement by both parties.