Practices For Sale

Ref# 5038

Status: Available

Location: Atlantic Provinces

Gross Revenue: $766,776

Appraised Value: $885,590

Asking Price: $885,590

Cash Earnings: $245,617

Halifax

ROI Corporation is excited to bring this rare opportunity to acquire a long established, newly built, four-operatory general practice located in the largest city east of Montreal, Halifax!

Not only does Halifax sit on the doorstep of the Atlantic Ocean, freshwater lakes, and municipal, provincial, and national parks. Halifax is also a major centre for government, health care, education, the navy, finance, shipping, oil, and gas. Halifax is home to almost 45% of Nova Scotia’s population and is one of the fastest-growing cities in Canada, with an estimated annual population growth of 1.5%. Halifax represents 20% of Atlantic Canada’s GDP.

Purchased by the current owner in 2010 and located at a major intersection, this practice has seven years remaining on the lease, with a five-year renewal taking it to 2035!

Currently consisting of two hygienists and the owner/practitioner – with no evening or weekend hours currently offered – the practice stands poised for expansion to accommodate the burgeoning demand. The significant development in the area creates a prime opportunity to extend operating hours and capture a broader market share. The owner is flexible to assist during the transition period.

Highlights of this practice include:

  • Built new in 2020.
  • 7 years remaining on lease with five-year renewal
  • No demolition clause
  • ~ 1,430 sq. ft.
  • Modern décor with natural light
  • 4 fully equipped ops
  • High traffic central location with free parking and wheelchair access
  • Revenues are based on the practitioner working 28 hrs/wk., ~28 wks./yr.
  • ~ 1,403 patients seen in last 12 months (files were culled for inactive patients in 2023)
  • ~ 14 hygiene appointments per day accounting for ~46.5% of revenues
  • ~ 98% of patients speak English
  • ~ 90% of patients live or work nearby
  • Low A/R with bad debt at <1% of gross income
  • 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.
  • Visits will be held by appointment only to qualified candidates who have completed the ROI Corporation confidential agreement.
  • Offers must be submitted on or before Thursday, May 23rd, 2024 by 5 pm. 
  • 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, Sales Associate for Atlantic Canada.

 

 

Request more details for this listing

In order to get more information on this listing you must fill out the confidentiality agreement form. If you have already filled out this form please enter the email address we have on file below. If you have not filled out the confidentiality form please follow this link to do so: Confidentiality form.

Request More Information on this listing
I would like to receive future messages about special offers, news and event information