Practices For Sale

Ref# 5058

Status: Updated

Location: Ontario

Gross Revenue: $1,047,808

Appraised Value: $1,406,550

Asking Price: $1,300,000

Cash Earnings: $622,747

Grey County – Our client has reduced asking price by $100,000 to $1.3 million.

ROI Corporation also is excited to announce that the Bank of Canada has reduced its lending rate by .25%.   Borrowing money just became a bit easier.

We also invite you to read the latest article by CBC.  Click here https://www.cbc.ca/news/canada/sudbury/dental-care-plan-northern-ontario-1.7205036 to learn how this dentist in a northern Ontario town has not only benefitted from leaving GTA but how he needs to expand to accommodate the increase of patients due to CDCP.

Our client also happily reports an increase in May’s production due to CDCP.

ROI is delighted to present this new opportunity to acquire a profitable practice in a city that offers excellent work-life balance! Perfect for the practitioner who appreciates great access to the outdoors along with all the comforts of city living. This excellent opportunity is a little over 2 hours north of Toronto. The building is also available for sale which is a perfect way to secure the practice’s longevity.

Our client is selling due to retirement and relocation to Florida.  A brief transition will be provided.

Located near the shores of Georgian Bay, this clinic offers a new owner an opportunity to own a solid practice that produces a healthy income based on a 32-hour work week.  No Fridays or Saturdays are currently offered to the patient base.  This provides flexibility, as one could still live in the GTA and work 4 days a week in this community.  After paying all expenses and the bank, new owner has more than $400K for themselves.

In the immediate area there is great promise of growth & investment.  Within 5 minutes of this practice, over 250 homes are currently under construction and an additional over 300 new condos, townhouses and homes will be built less than 5km.   This could represent at least 1,000 new potential patients for this office.

Highlights of this practice include:

  • Open 32 hours per week
  • 5 operatories with room for a 6th spanning 1,600 sq. ft. facility
  • No Fridays or Saturdays
  • Rural area therefore social service patients
  • Bread and butter dentistry – easily duplicated
  • Excellent collection policy with low aged receivables
  • Assignment with most patients having excellent coverage
  • Owner occupied premises – vendor wants to sell building
  • The appraised value of the building is $1,210,000

Additional information:

  • A practice profile will be provided along with a virtual tour within 48 hours of your request
  • Private appointments to view the practice are available
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

For more information or to schedule an appointment, please contact Jackie Joachim, Sales Representative & COO, and/or Constance Walker, Sales Representative.

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