Practices For Sale

Ref# 5093

Status: Updated

Location: Ontario

Gross Revenue: $673,464

Appraised Value: $963,680

Asking Price: $963,680

Cash Earnings: $329,214

City of Ottawa – Westend – Updated Appraisal – Previously listed as Ref# 4912

It is highly unusual to offer a practice that has been owned and operated by the original owner for over 30 years. This general practice has grown steadily over the years and the owner is proud to be providing care to multiple generations of patients.

The dentist owner and one associate provide all the patient care, including preventive treatment. Most specialty procedures, including molar endodontics,  3rd molar extractions, periodontics and orthodontics are referred outside the practice. This limited scope of services represents a tremendous upside for a new owner.  Depending on the preference of the buyer, these services can be successfully integrated into the practice and offer a substantial opportunity to increase revenue.

Almost one-half of the revenue is derived from preventive services, which has proven to be a profitable model. As of year- end July 2023, the practice increased revenue by $80,000, over the previous year. This year the practice is on track to increase revenue  again by an additional $26,000.

The practice does not accept assignment of benefits, except for a few long-standing patients. Accounts Receivable are extremely low at less than $2,000.00.

The practice is located on the first floor of a small professional building, on a busy street with access to public transit including the new LRT station and ample free parking. It is within walking distance of a large mall with grocery, restaurants and a variety of commercial services. It is close to Ottawa’s largest community college which offers an additional opportunity to increase the patient base.

It is of note that there is a new premise lease in place with an extension until 2039. This includes the removal of a previous demolition clause.

Currently, the practice has 3 operatories with plumbed area for a 4th operatory. The office has digital radiography, but no panorex.

The Vendor is available to work in the practice for at least one year, on a part-time basis to ensure the patients a successful transition.

HIGHLIGHTS OF THE PRACTICE

  • One owner for 30 years
  • Most specialty procedures referred
  • Non-Assignment – Accounts Receivable exceptionally low
  • The owner will work in practice for at least one year.
  • Proximity to a large strip mall with grocery anchor and Ottawa’s largest community college.
  • Attractive premise lease with no demolition clause

KEY TIMELINES

  • Practice Profile is available now
  • Confidential Practice OPEN Sunday June 16th by appointment
  • Practice appraisal will be distributed to serious buyers following the OPEN
  • Offers will be presented as submitted
  • ROI Corporation will prepare all offers on our standard template. 10% deposit is required upon acceptance of the offer.
  • Closing autumn 2024

For more information or to schedule an appointment, please contact Ann Wright,  Sales Representative.

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