Practices For Sale

Ref# 5092

Status: New

Location: Alberta

Gross Revenue: $408,852

Appraised Value: $956,106

Asking Price: $1,000,000

Cash Earnings: $168,252

Calgary

ROI Corporation is proud to present this excellent opportunity for a new owner.  This sale structure will be an asset sale, which is far more advantageous to a purchaser than a share sale would be from a tax perspective.

Our vendors purchased this practice in 2012.  Over the years, it became associate driven but now truly lends itself to a owner-operator. The clinic itself has been established for over 40 years.

At just over 2,000 square feet, this well-designed office is in a major 21-storey commercial/retail building.  The current lease ends in 2039 providing a new owner with 15 years of term and renewals.   The building itself has undergone incredible renovations creating brand new amenities, a bright open lobby, new conference center, as well as a modern tenant lounge and patio.   Investments of this magnitude clearly demonstrates a landlord’s commitment to the continued and future operations of the building and its tenants.

The building is made up of various health professionals, fitness facility, retailers, food vendors and 3 other dental offices.  The practice draws 15 new patients monthly with very minimal advertising.  The demographics of the office consist of patients who are primarily between 25 and 60 years of age.  This is an assignment office where patients have excellent insurance coverage.  The practice has a strong collection policy, and co-payments are collected.

Currently, the clinic is open Tuesdays, Wednesdays and Thursdays.   With the office closed Mondays and Fridays and no appointments past 4pm, there is plenty of opportunity to expand and grow.  A Recall Max report has identified $160,000+ of unscheduled appointments from the past 12 months.  The practice offers bread and butter dentistry.  There is 1 primary associate, with a second who attends on occasion, as well as 1 hygienist, 1 assistant and 1 receptionist.  A new owner will take this clinic to the next level with a good marketing plan and being available to expand hours.  Currently billing over $400k per year with approximately 425 active patients in the last 24 months.  These critical factors provide the new owner with an excellent foundation for future success.

Highlights of this facility include:

  • No demolition clause
  • 5 fully equipped operatories with Sirona and Pelton Crane chairs and delivery units
  • Manager office, Private office, and Staff room
  • Assignment with excellent collection policy
  • Dentrix software and Recall Max
  • Setup is fully digital (charting & x-rays)

Additional Purchaser/Advisor Information:

  • A Practice Profile and virtual tour will be provided within 48 hours of the request to those who have signed a confidentiality agreement
  • A Confidential Open (by appointment only) will be held on Sunday, June 9th starting at 9:30am
  • The Appraisal will be distributed following the Open
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline
  • Offer deadline will be Friday, June 21st by 5pm
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation IN TRUST” equal to 5-10% 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 Jackie Joachim, COO & Sales Representative, and/or Constance Walker, Sales Representative.

 

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