Practices For Sale

Ref# 4973

Status: Sold

Location: Ontario

Gross Revenue: $423,288

Appraised Value: $538,970

Asking Price: $538,970

Cash Earnings: $147,477

Bradford
The owner of the associated practice has suffered severe and sudden medical impairment, and the practice will need to transition to a new owner without delay. Time is of the essence!

This conscientious, well-run family practice has been a fixture in the community for over 30 years. During this time, it has witnessed relentless development spring up around it. The community of Bradford and East Gwillimbury is seeing massive inward investment and population flows making it an ideal place to invest in 3 decades of dental goodwill.

Our vendor could be described as a hobby dentist enjoying a strong bond with a large patient base and a loyal staff. In forced retirement, they are hoping the right buyer can continue the practice for many years to come. There is a huge opportunity to tastefully modernize treatment options and drastically improve the bottom line.

This is a basic recall practice with a remarkable number of procedures referred out, and an inordinately high hygiene ratio owing to our vendor being the only producer at the office. With high insurance coverage and significantly below-average billing per patient, the presence of a new owner willing to modernize treatment options and operations will have an instant effect on the financial performance.

Highlights of this practice include:
  • 1,095 patients attended the facility in the last year
  • Patient and Staff parking available
  • Strong collection policy
  • Excellent staff culture
  • 3 0ps with a 4th plumbed and wired
  • Average monthly production of approximately ~$35k monthly for previous 4 years
  • Lease runs to 2037. No demo clause
  • Very conservatively treated patients
  • 20% Diagnostic, 50% Hygiene, 23% Restorative.
  • 85% of patients have insurance
Additional Purchaser/Advisor Information:
  • A Confidential Open (by appointment only)
  • The Practice Appraisal, in its entirety, will be released electronically to interested parties
  • Offers are due Immediately
  • Within 48 hours of acceptance of an offer we request a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice.
  • Offers that understand and action a fast close will be given a priority

 

For more information or to schedule an appointment, please contact Mr. Robert Spillane, Sales Representative.

 

 

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