Practices For Sale

Ref# 4972

Status: Conditionally SOLD

Location: Ontario

Gross Revenue: $4,148,268

Appraised Value: $5,070,020

Asking Price: $5,500,000

Cash Earnings: $1,768,341

NORTHWESTERN ONTARIO

Seize this unique chance to own 2 well-established, stable practices with an excellent reputation, a loyal patient base and a fierce commitment to their patients. This pair of clinics in Northwestern Ontario marry excellence in patient care with exquisite business acumen to create a highly profitable, dynamic business opportunity in this charming, picturesque district that combines the best of nature, community, and opportunity.

These practices are nestled in a part of the province that boasts incredible natural beauty, community spirit, economic opportunity, and cultural richness. Surrounded by lush forests and pristine lakes, the natural beauty of the area is truly awe-inspiring. Whether you’re into outdoor adventures like hiking, fishing, or kayaking, or you simply enjoy the serenity of nature, this area has it all. During these inflationary times, the cost of living is reasonable, and you can expect to enjoy a peaceful, relaxed lifestyle with the knowledge that you have a secure and highly profitable business.

The area is also known for its tight-knit and welcoming demeanor. Whether you’re a resident or a newcomer, you’ll quickly feel like part of the family. There’s a strong sense of community pride and numerous events and festivals throughout the year that bring everyone together. Whether you’re after adventure, a welcoming community, or tranquility, this town has it.

Offering a wide range of services, these practices cater to all aspects of patient health. Led by a team of dedicated professionals, the staff combines experience with fresh perspectives. With over 3,600 patients seen in the last year, the commitment to patient satisfaction has created a warm and caring environment for all who visit.

With a gross income of over $4,000,000 and cash earnings of nearly 50% year-over-year, consistent financial stability and strong collections are testament to these practices’ efficiency and financial health. Collectively, these practices present a compelling investment opportunity. Their steady revenue, efficient cost management and potential for further optimization make them an attractive option for both experienced dental professionals and investors alike.

With a 5-day work schedule, the incumbent owner will have a unique ability to maintain the work-life balance that everyone dreams of, while still being extremely financially successful. These practices boast a total of approximately 8,300 square feet across both locations, providing room for expansion and modernization should you choose to grow the business and enhance patient care.

In this case, you’re not just buying practices; you’re acquiring a profitable business, a loyal patient base, and a chance to become an integral part of a close-knit, welcoming community. It’s a comprehensive opportunity that can provide both professional and personal satisfaction.  If you’re seeking a profitable and stable venture, this pair of practices should be at the top of your list.

Highlights of this practice include:

  • Well-equipped facilities ensure high standards of patient care
  • ~80% of patients are insured, and the practice efficiently handles insurance claims
  • A total of 13 operatories across both locations, with the opportunity to expand further in one of the practices
  • Owner(s) willing to stay on post-close
  • Both practices have been operating for several decades – one for more than 50 years
  • 10-15 services referred out each month

Additional Purchaser/Advisor information:

  • A Practice Profile is available
  • The appraisal will be distributed to qualified interested parties
  • Offers will be presented to our client(s) as received
  • Due to the remote location of the practice, your offer will include a site visit condition
  • 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 Timothy A. Brown, Sales Representative, or Amanda Kotchie, Sales Representative.

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