Practices For Sale

Ref# 5078

Status: Available

Location: Ontario

Gross Revenue: $1,767,144

Appraised Value: $2,709,970

Asking Price: $2,709,970

Cash Earnings: $946,212

Markham

It is with great pleasure that we bring you this fine-tuned, full-service family practice. Established (2016) in a high-traffic area near all the major highways in the heart of Markham, the office has witnessed relentless growth since its inception. Our client is choosing to sell owing to the significant time investment required to responsibly maintain the operations and exponential growth that the office enjoys. Our modest vendor who boasts a wealth of demonstrable practice management credentials is happy to continue at the practice maintaining a presence that would bolster the office during the transition and beyond.

With free cash flow of $946,212 (53.5%) and growing monthly charges of~$150,000 this office makes a strong case for owner-operators or an Investor Dentist™. Open only 4.5 days per week room exists to build upon an already remarkable foundation by adding clinical days. On top of this, the office enjoys a secure lease until 2036 with the potential to expand upon an existing 3 operatory setup.

Acquiring this office represents a step into an elevated dental management experience. Patients come to this office looking for a change. They are greeted by a cohesive team, that have and continue to be trained in the Frank Spear, management philosophy that truly permeates daily operations. Staff educate patients chairside, and a co-diagnosis is created that optimizes workflow. Through internal referrals and dynamic use of Google and Facebook ads, this office attracts a patient who has a higher dental IQ and the means to elect for the services offered.

Highlights of this practice:

  • AR well below industry average
  • ~1300 active patients
  • ~40 new patients per month
  • Exceptional Cash earnings – $946,212
  • Significant scope to increase the practice opening hours
  • Fully digital charting, x-ray and patient comms
  • Practice charges a premium for all major treatments
  • Exceptional staff all on contracts

Additional features of this practice include:

  • A Practice Profile will be provided within 48 hours of request to those who have completed a ROI Corporation confidentiality agreement
  • A Confidential Open (by appointment only)
  • The Practice Appraisal, in its entirety will be released electronically to qualified parties
  • Within 48 hours of acceptance of an offer we request a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice.
  • Our client prefers a closing date in Summer 2024

For more information or to schedule an appointment, please contact Mr. Robert Spillane Sales Representative.

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