Practices For Sale

Ref# 5010

Status: Available

Location: Ontario

Gross Revenue: $1,012,992

Appraised Value: $1,526,740

Asking Price: $1,526,740

Cash Earnings: $450,156

Sarnia

This store-front family practice is located at ground level in a high-traffic retail plaza and has excellent signage. Anchor tenants such as McDonalds draw lots of traffic. The practice enjoys exclusivity for dentistry in the plaza. It is a large practice of 2080 sq. ft containing 6 operatories, of which 5 are equipped. Additionally, there is a PAN, business office, private office, associate office, staff room, and 2 washrooms. The décor is modern and attractive. The lease runs to 2039 (current term to 2029) with no demolition or relocation clause.

Originally established in 2013, the practice was purchased by the current owners in May 2021. The owners are investors and do not work in the practice. It is an associate-run practice. In addition to the dentist, 5 hygienists are employed in the practice who produce 7 days of dentistry per week and approximately 30% of the practice’s gross production. The associate and hygienists are on written agreements.

The annual production of the practice is $1.0-1.1 million, and it has excellent cash earnings (before dentist remuneration).

Highlights of this practice include:

  • Many procedures referred out
  • Very low accounts receivable
  • Paperless with digital radiography
  • Software is Tracker

Additional Purchaser/Advisor Information:

  • A profile of the practice will be provided to qualified applicants who have completed a ROI Corporation confidentiality agreement, available at www.roicorp.com
  • An Open, by appointment
  • The full appraisal will be provided in advance of the Open to those candidates who have booked a showing appointment

For more information contact Bill Alton, Sales Representative.

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