Ref# 5058
Grey County – Updated information has been provided allowing us to revise the Appraisal and Asking Price
ROI Corporation is pleased to provide an opportunity for a first-time owner who wishes to build a strong financial future for themselves.
This practice is a little over 2 hours north of the GTA. The building is also for sale. The upstairs can easily be converted into a beautiful apartment for the owner (or associates) to stay while working in the office. Even if a buyer wishes to remain living in the GTA, this is an incredible practice to arrive at on Monday mornings by 10am and head back Thursday evening. Treat the GTA as your cottage!
This is an asset sale which is hugely beneficial to a new owner. Our client is selling to relocate to Florida. An excellent transition consisting of patient introductions, business networking and most importantly practice management systems for success will be provided in detail.
Benefits For A New Owner:
- Practice value represents 4x EBITDA
- Excellent community reputation; the clinic has been established for almost 50 years
- Work life balance – current schedule has dentist working 32 hours/week and only Monday to Thursday.
- After 100% financing, new owner can pay themselves as an Associate and still have ~$135K without changing anything in the practice
- Revenue can easily increase by simply extending hours
- 287 homes are currently under construction and an additional 300+ new condos, townhouses and homes will be built less than 5km. This represents at least 1000 new patients for this office.
Highlights of this practice:
- 5 operatories with room for a 6th spanning 1,600 square feet
- No Fridays or Saturdays
- Bread and butter dentistry – easily duplicated
- Excellent collection policy with low receivables
- Assignment with most patients having excellent coverage
- Practice also happily accepts social service and CDCP. Associates may not like treating these patients but for an owner, these can be profitable. Our client uses these programs very effectively and will teach the new owner how to effectively utilize.
- Own the real estate