Practices For Sale

Ref# 5036

Status: New

Location: Manitoba

Gross Revenue: $2,360,202

Appraised Value: $3,751,400

Asking Price: $3,500,000

Cash Earnings: $1,050,000

MANITOBA

The practice is perfectly suited for the innovative Investor Dentist™.

2024 estimated Free Cash Flow (FCF) of ~$1.3 million before debt service and doctor earnings.

FCF is not EBITDA! Ask your bank and your accountant why FCF is superior to EBITDA.

A full-time, firsthand owner-operator could easily extract $500,000 annually in Free Cash Flow.

This opportunity has three of the most crucial elements to mitigate risk:

  1. Own the real estate – No landlord!
  2. Employees are on proper, written contracts
  3. A steady stream of new graduates from the provincial dental school

Your Financial Commitment:

  • Practice Asking Price: $3,500,000
  • Building and Property Asking Price: $1,200,000

Private Equity or a burgeoning i-Dentist™ accumulator is welcome to apply, although a firsthand owner is likely to appreciate the opportunity to a greater extent.

ROI Corporation predicts that a 15-year amortization will be approved by a respected Canadian financial institution.

$3.5 million term loan, 15 years @ ~$31,500 per month in principal and interest @ 6.95%

$1.2 million mortgage, 25 years @ ~$8,500 per month in principal and interest @ 6.95%

Historically, this practice generated over $250,000+ in monthly gross income.

At present, our client commutes from outside of the province.

He works ~100 days per year.

A 2-year residential lease in a modern apartment is also available for the commuting dentist.

Two (2) Associates and three hygienists are also employed.

Located in a picturesque, bustling four-season town within a half-day commute from Winnipeg, this setting offers the ideal blend of community spirit and the sought-after work-life balance that is hard to find in larger cities.

This top-tier practice is complemented by a meticulously maintained building prominently located in an area of high vehicle traffic (directly opposite Tim Hortons!), making it a prime investment opportunity. Having only its second long-term owner since the 1970s, this dental office has become a cornerstone for comprehensive dental care within the community.

The practice analysis indicates that a sizable number of specialized procedures are being referred out.

There’s a substantial opportunity for surgically skilled or orthodontically trained dentists to increase revenue through in-house treatments. The office employs three full-time dental hygienists, contributing 30% of the total revenue from hygiene services alone, and there’s potential to expand this team further.

The expansive yet efficiently designed 4,200 sq. ft. office features 10+ fully equipped operatories, a modern sterilization area, a consultation room, and several spaces for staff and administrative functions.

Highlights:

  • Patients are familiar with receiving care from multiple providers.
  • Exceptionally low Accounts Receivables.
  • Operating hours exclude evenings and weekends.
  • A considerable number of procedures are referred out.
  • The practice serves approximately 4,000 patients.
  • Utilizes digital radiography and scanning technology.
  • Offers growth potential across various dental disciplines.

A presentation will be hosted by our CEO Timothy A. Brown on Sunday, April 14th @ 11:15 AM EST

Please register here: https://attendee.gotowebinar.com/register/5865296838059710044

Terms:

  • Your offer will be prepared on the ROI Corporation precedent Offer to Purchase (OTP)
  • The ROI OTP forms a binding Agreement of Purchase and Share Sale (SPA) when your conditions are waived.
  • Our precedent OTP/SPA will be provided at no charge for your advisory team’s review.
  • Expressions of interest should be submitted no later than April 30th.
  • Offers accompanied by a comfort letter from your financial institution will receive priority.
  • Your offers should include a refundable deposit of $250,000.
  • Deposits are payable to “ROI CORPORATION IN TRUST.”
  • The preferred closing date is Fall of 2024.

To learn more, please register here: https://attendee.gotowebinar.com/register/5865296838059710044

Investor Dentist™ and i-Dentist™ are Trademarks of ROI Corporation. Any use of these phrases by any other company is prohibited.

 

 

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