Ref# 4983
Vancouver
ROI is pleased to offer this exceptional practice opportunity in the heart of a growing Vancouver neighbourhood that is vibrant, dynamic, ethnically rich, and welcoming. It has always been popular but even more so now, thanks to a housing boom with its newer condo and townhouse buildings. Being centered on a major arterial transportation route makes this easily accessible by all means of transportation and also boasts ample free parking.
A solid general practice, it was established by the vendor in this location in 1984. The office has served 3 generations of patients with attention to quality treatment, fairness, compassion and overall oral health. The revenue base is broad, with a focus on prevention and restorative dentistry, while there is room to expand other procedure codes. In ~1,330 sq. ft., there are 3 well-equipped ops that enjoy street facing windows with abundant natural light. One of the 2 storage spaces is plumbed and wired as a potential 4th op.
Notably, the dentist works 4 days, but the office is open 6 days, and there are 3 loyal and dedicated CDAs and currently no hygienist, leaving room for growth by expanding hours and introducing a hygiene program to instantly increase the revenue stream.
The current lease and renewal is through June 30, 2028, with a 12 month demolition clause after 36 months of the lease. However, the existing lease is expected to be renewed or extended to a minimum of 10 years.
Booked 2-3 weeks in advance, there are 1,550+ active patients, 14 new patients per month without active advertising, and 76% with dental insurance. Recall frequency is 5% for 3-4 months, 60% for 6 months, 30% for 9 months and 5% for 12 months.
The management is highly efficient with a low A/R, and the net cash earnings are 48.7% before the dentist is paid their fee.
This practice is ready to bloom and with an enthusiastic, energetic new owner, the sky is the limit!
Highlights of this practice include:
- 3 ops + 1 op wired/plumbed in 1,330 sq. ft.
- 1,550+ active patients, 76% with insurance
- 14 new patients/month
- reception; business and private offices; sterilization; lab; staff room; storage; washroom; mechanical
- central, highly accessible location
- 48.7% cash earnings; low A/R
- room to expand hours and services
Additional Purchaser/Advisor Information:
- The appraisal and a video of the practice are available upon request to qualified purchasers
- An open will be by appointment only
- ROI Corporation can prepare your offer on our agreement for your lawyer’s review
- The accepted offer should be accompanied by a 10% deposit in the form of a certified cheque or bank draft to the order of ‘ROI Corporation IN TRUST’
For more information or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Sales Associate, or Elliott Boyd, Sales Associate.