Practices For Sale

Ref# 5098

Status: New

Location: Atlantic Provinces

Gross Revenue: $1,480,992

Appraised Value: $1,047,920

Asking Price: $950,000

Cash Earnings: $1,200,792

Halifax

ROI Corporation is excited to offer this unique opportunity to acquire a long-established, two-operatory Endodontic practice located in one of Canada’s fastest-growing cities.

Established by the vendor in 2005 and having treated ~1,800 patients in the last 12 months, the vendor is willing to transition with the new owner – for a period of time – to help the buyer establish relationships with the current referring practitioners. The vendor is also willing to sign a part-time associate agreement for a mutually beneficial period, if the buyer so desires.

The vendor is cognizant that financing specialty practices may be challenging and is willing to provide competitive financing rates to qualified buyers. In addition, the landlord (Crombie Property Holdings) has expressed interest in signing a new premise lease agreement with the buyer. It is understood that a successful acquisition will be conditional on the buyer securing a satisfactory premise lease agreement.

Halifax sits on the doorstep of the Atlantic Ocean, freshwater lakes, and municipal, provincial, and national parks. Halifax is also a major centre for government, health care, education, the navy, finance, shipping, oil, and gas. Halifax is home to almost 45% of Nova Scotia’s population and is one of the fastest-growing cities in Canada, with an estimated annual population growth of 1.5%. Halifax represents 20% of Atlantic Canada’s GDP.

Highlights of this practice include:

  • The vendor is prepared to offer up to 100% financing at competitive rates.
  • Modern décor with natural light in operatories.
  • Two fully equipped ops.
  • High traffic central location with free parking and wheelchair access.
  • 1,023 sq. ft.
  • 1,800 patients have been seen in the last 12 months.
  • 98% of patients speak English.
  • Low A/R with bad debt at <1% of gross income

Additional Purchaser/Advisor Information:

  • A practice profile will be provided within 48 hours of your request.
  • The appraisal will be distributed to pre-qualified candidates who have completed an ROI Corporation Confidentiality Agreement.
  • Appointments to see the practice will be arranged for qualified buyers.
  • Offers should be accompanied by a certified cheque payable to “ROI Corporation in Trust” equal to 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 Andrew Bryson, Sales Associate for Atlantic Canada.

Request more details for this listing

In order to get more information on this listing you must fill out the confidentiality agreement form. If you have already filled out this form please enter the email address we have on file below. If you have not filled out the confidentiality form please follow this link to do so: Confidentiality form.

Request More Information on this listing
I would like to receive future messages about special offers, news and event information