Practices For Sale

Ref# 5101

Status: New

Location: Ontario

Gross Revenue: $815,496

Appraised Value: $1,425,410

Asking Price: $1,425,410

Cash Earnings: $379,696

London Area

This is an exceptional opportunity. The practice is located in a stand-alone building, ground floor, in a village just east of London but serving the larger township area. The practice has high visibility and is wheel-chair accessible.

The owner built the practice in 2019 expecting to have a quiet life but it turned out to be anything but that. The area has benefitted from the explosive growth in the population of London and the people who want to work but not necessarily live there. The surrounding area of the practice has been historically agricultural but the times they are a changing. The result is a beautifully built practice in a highly desirable rural but growing location.

The practice has 3 equipped operatories, two additional operatories with cabinetry but no chair and a 6th room plumbed and wired for an operatory but presently used as an office. There is one more office, a staff room and a Pan. The total occupied area is about 1,700 sq. ft. The lease runs to December 2029 with two additional 5-year renewal options. There is a clause in the lease providing the dentist with first right of refusal to purchase the building, should it be put up for sale, which is a possibility.

This is a well-balanced family practice open 5 days per week plus some Saturdays. There are approximately 1,400 active patients and 4-5 days of hygiene per week. The radiology is digital (with sensors) and practice management software is Dentrix.

Production this year should be in excess of $800,000 which is good for a solo dentist practice. The vendor would like to continue as an associate for 2-3 days per week for 1-2 years. This practice would be ideal for a dentist interested in working only part-time initially or for an investor who would add a second associate.

The terms of this sale are as follows:

  • A profile of the practice will be provided to qualified purchasers who have completed the ROI Corporation confidentiality agreement.
  • An Open, by appointment, will be held on Sunday, July 14th
  • The full appraisal will be provided 2 days prior to the Open to those who have booked an appointment to see the practice.
  • Offers will be due not later than Friday, July 26th
  • The vendor’s preferred closing date is not later than September 30th

For more information, or to book an appointment to see the practice on Sunday, July 14th, contact Bill Alton, Sales Representative

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