Ref# 5080
Burlington – Updated – Wellness Clinic is now also available for sale to interested parties
ROI Corporation is excited to bring to market this thriving, semi-specialty practice located in a charming three-story converted house in one of the most sought-after areas of the western Greater Toronto Area.
Since opening in 2021, this practice has experienced a steady month-over-month revenue increase and continues to do so during its transition to being heavily associate-driven. The associates have seen most patients since July and are expected to carry on in this capacity.
A standout feature of this practice is its specialization in treating “tongue-tie” (ankyloglossia) through frenectomies. The associates, who are all under long-term contracts, have been trained over the course of months by the owner and can continue to provide these services in the same manner post-close. This specialization allows for a large number of patient referrals, generating over 100 new consultations each month. It is not unusual for the families associated with these referred infants to become patients of the practice. The ability to offer this valuable service enhances patient care and strengthens relationships with referring practitioners in the community, making it a guaranteed revenue stream for the practice.
The facility features 4 well-equipped operatories, a panoramic x-ray, a private office, staff room, and laboratory with washer and dryer facilities. There is ample free parking for staff and patients, along with a prominent free-standing sign enhancing visibility. The dedicated dental team includes 2 associates, a hygienist, 2 assistants, 2 receptionists, and an office manager, all under written contracts.
Our client is looking for the right fit and would be happy to stay on for a number of months to assist with the transition. Teaching the necessary skills for this specialty and introducing them to her established referral network will ensure a seamless transition of ownership.
PRACTICE HIGHLIGHTS
- ~2,373 registered patients, 20-25 patients seen daily
- High dental IQ patients looking for comprehensive care with a holistic approach
- ~95% of patients are insured
- Open 5 days per week
- Solid referral network that was built over 5.5 years; they come in without advertising
- The vendor owns the building so a stable, long-term lease will be provided (including the first option to purchase)
- New families are being added weekly to the hygiene schedule
WELLNESS CENTER
In addition to the dental practice, our client co-owns the wellness center located on the upper floor, which is now also for sale. It works in tandem with the dental office but stands as its own separate entity (including having its own entrance). Operating both clinics allows the dentist to provide holistic care in a timely fashion for both the patient and the dentist.
The wellness center currently hosts:
- Two osteopaths, operating on Mondays, Tuesdays, and Thursdays
- Two physiotherapists, operate on Tuesdays, Thursdays, and Fridays
- A speech-language pathologist on one Tuesday of each month
- IBCLC’s (International Board Certified Lactation Consultants) come in on Wednesday mornings to support surgeries, allowing the dentist to care for babies while ensuring support for mothers
By managing the schedules of the independent contractors, you eliminate the need for referrals to external physiotherapy or osteopath services.
This business generates approximately $20,000 in monthly revenue. One room is sublet to a third party, generating $100 per day for each day it is used (currently one day per week), bringing in an additional $400-$500 per month.
More detailed information is available to interested parties that attend the Open.
Additional Purchaser/Advisor Information:
- A practice Profile will be provided within 48 hours of your request
- The full Appraisal will be available following the Open
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
- Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice