Practices For Sale

Ref# 5019

Status: New

Location: Ontario

Gross Revenue: $1,225,676

Appraised Value: $2,282,160

Asking Price: $2,200,000

Cash Earnings: $781,090

ROI Corporation is proud to present this excellent opportunity for ownership in a highly desirable and mature area in York Region.  This will be a share sale.

York Region itself is an attractive area to live and work. With close proximity to the GTA, York recorded the highest-ever construction value, estimated at $5.9 billion, continuing to accommodate a growing population of over 1.25 million residents as of May 30, 2024.

The community the clinic is located within is a charming area with a unique blend of old-world charm and modern amenities. There are a variety of restaurants, shops, and cultural attractions to explore. The picturesque location offers hiking trails, nature, and a true work-life balance.

The clinic offers bread-and-butter dentistry, meaning any new owner can walk in and be busy from day one.  Approximately ten referrals go out each month for endos, ortho, and surgeries, which, for the right person, could be kept in the practice.

The practice offers 37 hours of dentistry and 36 hours of hygiene each week.  There is presently one dentist and 4 hygienists.  1 hygienist is on maternity leave, while 2 are part-time.  There is a receptionist and an assistant.  The clinic sees 20-22 new patients per month and averages 10 emergencies monthly.  There are approximately 1,200 active patients.   Most patients have comprehensive insurance.   This assignment office has strong collection policies with co-payments collected at the time of appointment. According to a Recall Max report, there is an additional $500,000 in potential restorative revenue.

The excellent location, high visibility, and modern décor make the office a pleasure to work in. The lease is excellent, running until 2038, with no demolition clause. Just over 1,800 square feet, this office has 4 operatories well equipped with A-Dec chairs and delivery units. The practice is completely digital.

Highlights of this facility include:

  • 4 fully equipped operatories with A-Dec chairs and delivery units
  • Business office, Consult room, Private office, and Staff room
  • Assignment with excellent collection policy
  • Dentrix software and Recall Max
  • Setup is fully digital (charting & x-rays)

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • A Confidential Open (by appointment only) will be held on Sunday, June 16th
  • The Appraisal will be distributed following the Open
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline
  • Offer deadline will be Friday, July 5th by 5pm.
  • 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 Jackie Joachim, COO & Sales Representative, and/or Constance Walker, Sales Representative.

 

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