ROI Corporation is proud to present this fantastic opportunity.
This is the sale of a 50% partnership interest in a large practice in a vibrant city in eastern Ontario. The selling partner is ready to retire but has not worked full-time at the practice since 2019, instead relying on a full-time associate while the vendor attended the practice on an as required basis. The other partner will remain following this sale.
There are two partnerships, one for dentistry and one for hygiene. The vendor is selling the partnership interest in both. The combined revenue for the entire practice is approximately $2.8 million annually. It is a large practice, with 10 operatories and over 4,000 active patients. Hygiene accounts for 30-35% of the total production. The practice is mainly non-assignment except for some long-standing patients and some in special circumstances.
While the vendor purchased the partnership interest in 1991, the practice was originally started in 1965 and has been at its current location since 2001. It is a stand-alone building with excellent visibility from the street. The office is approximately 2,800 sq. ft. on the main floor with another 1,000 sq. ft. of finished basement. Total rent is less than $5,000 per month. In addition to the 10 operatories, there is a Pan, consult room, 3 private offices and a staff room. The lease runs to 2034 (current term to 2029).
In this expansive facility, you will find a highly skilled team comprising 6 hygienists, 4 dental assistants, 3 front desk staff members, and an exceptional office manager, who has been an integral part of the practice for 9 years. This practice operates efficiently five days a week, with no evening or weekend work, promoting a balanced and enjoyable lifestyle.
While the practice offers a wide range of services, including most dental procedures, some specialties like oral surgery, periodontics, and orthodontics are often referred out, leaving room for further growth and expansion.
Located in an attractive city, this practice is surrounded by a wealth of cultural and recreational activities, diverse dining options, and abundant shopping opportunities. Additionally, its strategic location provides convenient transportation access to major cities like Toronto, Montreal, and Ottawa.
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 approved candidates in advance of showing
- The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
- 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
For more information or to schedule an appointment, please contact Bill Alton, Sales Representative.