Practices For Sale

Ref# 4917

Status: Conditionally SOLD

Location: Ontario

Gross Revenue: $290,488

Appraised Value: $427,800

Asking Price: $450,000

Cash Earnings: $48,214


ROI Corporation is pleased to bring to you this traditional family practice only steps from one of the largest shopping malls in the country. Acquisition of this practice gives you the opportunity to enter the world of practice ownership in a thoughtful, measured way. Our client started this practice in the mid-1990s and moved it to its current location about 10 years ago. The transition went well and almost all patients followed to the new facility.

Unlike many other practices already running at max capacity, this practice has strong growth opportunities that, if implemented correctly, will almost certainly lead to an immediate increase in revenue. Therefore, it should be the principal point of focus for the new owner.

These include:

  • Introduction of basic marketing initiatives and an advertising plan to attract new patients
  • Increase in hours – currently, admin staff are in the practice 4 days per week, but hygiene runs only 2 days and the vendor only performs dentistry as needed (~3 days per week)
  • Implementation of a stronger recall program
  • Creation of a more robust hygiene program, along with potentially adding a second hygienist for increased hours

The potential is abundant and with new protocols and an energetic, fresh view, this office will likely boom.

This practice houses three fully equipped operatories in approximately 980 square feet. It also boasts a large reception area, a pan, a fairly spacious sterilization area, a staff room and a private office. Very efficiently designed for the space it occupies.

The owner is currently under a sublease with the previous tenant of the space, but the building landlord has provided our client with a written proposal for a new lease that will be provided upon request after the Open. Once signed, there will no longer be a sub-lease. The current lease extends to 2030 and does have demolition and redevelopment clauses, which are becoming increasingly common day after day.

Highlights of this practice include:

  • 90% insurance coverage
  • Currently operating under limited hours; opportunity to increase revenue with expanded hours
  • Very low accounts receivable over 30 days
  • Highly sought after location in high-density area
  • Long-term, loyal patient base will enable treatment acceptance

Additional Purchaser/Advisor Information:

  • A practice Profile will be provided within 48 hours of your request
  • A Wide Open will be held as a part of our Grand Open Tour on Sunday, June 4th, 2023
  • Offers are due by 5:00 PM on Friday, June 16th, 2023
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice

For more information or to schedule an appointment, please contact Amanda Kotchie, Sales Representative.



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