Practices For Sale

Ref# 5023

Status: Updated

Location: Atlantic Provinces

Gross Revenue: $1,243,065

Appraised Value: $1,622,690

Asking Price: $1,600,000

Cash Earnings: $611,119

St. Johns, NL – Increased Production by more than 10%! – Previously listed as Ref# 4914

This motivated dentist has increased production by more than 10 % in the past 12 months but has not increased the asking price!

ROI Corporation is proud to bring this successful, well-established general practice opportunity to market. This five-operatory practice consists of 2 hygienists and the owner/practitioner. Located in Atlantic Canada’s second-largest city and the capital of Newfoundland with all the amenities of city life at your doorstep. St John’s is a vibrant cosmopolitan city with a thriving arts scene, wonderful attractions, and an inviting lifestyle. As the province’s hub of economic activity (e.g. service industry, finance, manufacturing, retail, etc.), St. John’s is home to much of the province’s public sector, a large university and numerous colleges, and is a support center for the eastern Canadian offshore oil & gas industry. Over 85% of the population are white collar with a 6% higher-than-average annual income from the rest of Canada. As the new practice owner, you will have the opportunity to secure a long-term premise lease as the vendor owns the building.

This listing will appeal to both the Investor Dentist™ or the hands-on owner.

Highlights of this practice include:

  • 5 ops allowing room for an associate.
  • High-traffic central location with ample pay parking in commercial area.
  • ~2,000 sq. ft. that is wheelchair accessible (extra ~1,000 storage).
  • Long-term lease is available to the purchaser.
  • Significant amount of crown, bridge, and endodontic treatments.
  • Hygiene represents 37% of gross income with a second hygienist recently hired!
  • Revenues are based on the practitioner working 43 weeks per year.
  • Digital radiography (including Pan).
  • ~ 4,000 patients seen in last 36 months.
  • ~ 99% of patients speak English.
  • Low A/R with bad debt at 0.2%.
  • No weekends or evenings: 8:30-4:30 Mon – Fri.

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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