Practices For Sale

Ref# 4967

Kanata, ON – Attractive Premise Lease with Adjusted Asking Price

Premise Lease terms have become an important concern when selling a practice and landlords are reluctant to relinquish control. In this instance, we are pleased to report that the Vendor has secured a new practice lease, expiring in 2032 and negotiated the complete removal of a previous demolition clause. This ensures the practice is significantly more attractive to a new owner.

This general practice was started in 1998 and the Vendor has consistently provided a high standard of care based on a philosophy of sound treatment options.

The owner provides dental care that ensures optimum oral health. The patients are extremely loyal; many of whom have been coming to the office since its opening in 1998. Very few practices can report 2^nd and 3^rd generations of 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 2 dental hygienists who share the 4-day work schedule (total 5 hygiene days/week). The total revenue in 2023 was $609,000, an increase of 10% over 2022. 2024 revenue is tracking at similar levels. The Vendor provides conservative dentistry, referring all specialty procedures out of the office. 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 and is in a professional building on a main roadway with access by public transit and free parking for vehicles.

The office consists of 4 operatories, sterilization and laboratory, private office and staff room. The practice uses Abeldent software for scheduling and payment and options are available for paperless charting. Radiographs are stored digitally.

This practice represents 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.

Key Advantages

• Solo owned it for 25 years.
• Predictable revenue year after year with steady growth.
• No evening or weekend appointments.
• All specialty procedures referred.
• No assignment of benefits.
• Attractive premise lease with no demolition clause in lease.

Key Timelines

• Practice Profile and complete Appraisal are available now.
• Confidential Practice Open by appointment only
• 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.

For more information or to schedule an appointment, please contact Ann Wright, Sales Representative.