Kanata, ON – Updated Premise Lease – Demolition Clause Removed
This general practice was started by the owner in 1998. The practice has never employed an associate (except for maternity leave) and has consistently provided a high standard of care based on a philosophy of sound treatment options.
The owner delivers dental care that ensures optimum oral health and is appropriate for the patients. Growing the practice through marketing or increasing specialty procedures has never been a priority.
The practice has approximately 1,200 active patients and employs 3 dental hygienists who share the 4-day work schedule (total 5 hygiene days/week). Revenue in 2023 is expected to be just over $600,000, an increase of 10% over 2022. All specialty procedures are referred. In addition, the practice does not accept assignment and accounts receivable are just over $1,000.00. The practice is open 4 days/week with no evening or weekend hours.
The office is located in a professional building on a main roadway with access by public transit and free parking for vehicles.
The current premise lease runs to 2027. In September, the Vendor signed a 5-year extension to the premise lease (to 2032), which includes the removal of the prior demolition clause.
The office consists of 4 operatories, sterilization and laboratory, private office and staff room. The practice uses Abeldent software, but only stores the radiographs digitally. However, a new owner could easily convert to paperless charts.
The patients in this practice are extremely loyal; many of whom have been coming to the office since its opening in 1998. Therefore, this is an excellent opportunity for a new owner to provide additional services and to increase revenue very quickly.
The owner is retiring, but willing to associate for a short period of time to facilitate the transition.
Highlights of this practice include:
- Solo owned 25 years.
- Predictable revenue year after year with steady growth.
- No evening or weekend appointments.
- All specialty procedures referred.
- No assignment of benefits.
- No demolition clause in lease.
Additional Purchaser/Advisor Information:
- Practice Profile and complete Appraisal are available now.
- Offers will be presented to the Vendor as received.
- Offers prepared on ROI Share Purchase Template
- 10% Deposit due after offer acceptance by all parties.
- Closing early 2024 or TBD