Practices For Sale

Ref# 5005

Status: New

Location: Atlantic Provinces

Gross Revenue: $1,060,945

Appraised Value: $1,056,680

Asking Price: $995,000

Cash Earnings: $479,370

Atlantic Provinces

ROI Corporation is thrilled to introduce this prosperous, firmly-rooted general practice to the market. With its established success and longevity, this opportunity will attract a diverse pool of potential buyers. The current practitioner’s goal isn’t necessarily retirement, but rather achieving a more favorable work-life balance. Transition options span from an extended handover period to immediate ownership transfer, accommodating both younger dentists seeking a gradual transition and those ready to take charge from day one.

The practice was established in 1979; and purchased by a second owner in 1993; before being acquired by the current owner in 1995. Subsequent upgrades in 2010 and 2014 with ongoing improvements to ensure modernity and efficiency.

The practice features three operatories – currently a team comprising of 4 hygienists, the owner/practitioner, and 1 part-time associate. There is ample room for growth with available neighbouring space for expansion or the potential to enhance production within its existing layout.

Nestled in the commercial heart of a North Central New Brunswick city, this region caters to outdoor enthusiasts with its proximity to forests, lakes, rivers, beaches, cross-country skiing, snowmobile trails, and ocean access, offering an idyllic lifestyle for the discerning practitioner.

Highlights of this practice include:
  • ~ 1,545 sq. ft.
  • 3 fully equipped Ops
  • Modern décor with natural light
  • Central location, free parking with wheelchair access
  • Renovated in 2010 and 2014
  • ~ 15 hygiene appointments per day
  • Revenues are based on the practitioner working 30 hrs/wk., ~45 wks./yr; and, associate working 7.5 hrs/wk., ~39 wks./yr
  • Panoramic x-ray
  • ~ 2,200 patients seen in last 24 months (files are culled for inactive patients annually)
  • ~ 98% of patients speak English
  • ~ 85% of patients live or work nearby
  • Low A/R with bad debt at <0.5 of gross income
  • Local airport
  • No weekends or evenings
Additional Purchaser/Advisor Information:
  • A Practice Profile will be provided within 48 hours of your request.
  • The Appraisal will be distributed to pre-qualified candidates who have completed an ROI Corporation Confidentiality Agreement.
  • Showings will be scheduled by appointment.
  • Offers will be presented as received.
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice.
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review.

For more information, please contact Andrew Bryson, Associate for Atlantic Canada.

 

 

 

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