Opportunity knocks for this 4-operatory, family dental practice! Ranked with one of the highest growth estimates in Canada, the Waterloo Region is set to be an exciting place for business owners!
The practice is located in a retail plaza conveniently placed on the corner of a major intersection. Effective signage is visible from every angle. With a variety of retailers and restaurants in the immediate area, the plaza enjoys a high level of vehicle and pedestrian traffic. Behind the practice there is a vast residential community with beautiful green spaces throughout.
Established in 2008, the practice has grown with the surrounding area. Approximately 21 new patients are received by the practice monthly – the majority of which are by word-of-mouth referrals. The business is also making efforts to advertise via social media, Google, and local flyers.
An immediate opportunity in the practice is to grow the hygiene team. Preventative codes account for approximately 27% of gross production, which is currently completed by our client. By adding a hygienist to the team, the new owner would be able to focus on other treatment avenues. Additionally, one day per month an associate attends the practice to complete implants and other surgeries. They themselves are a GP – providing a new owner potential to take on those cases if they so choose.
In the past 24 months, the practice has cared for ~1,005 unique patients. About 75% of the patient base is covered by a type of insurance plan. The accounts receivable of the practice are very well managed, noting a nominal total of ~$30,000, of which ~$22,000 was current.
Our client is looking to sell as they are commuting in from another town and are looking for a better work-life balance. We believe this practice could be an ideal fit for someone who already calls the KW area home!
Highlights of this Practice include:
- 1,237 sq. ft. unit with 4 equipped operatories
- Current term until 2028 plus 2 x 5-year renewals
- Fully digital utilizing Abeldent software
- All staff have written agreements
- Open Monday to Thursday plus every other Saturday
- Strong anchor tenants in place with ample, free parking
- Exclusivity in the plaza
Additional Purchaser/Advisor Information:
- The Practice Profile & Virtual Tour will be provided within 48 hours of your request
- 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