Ref# 5132
Gloucester – east Ottawa
UPDATE PREMISE LEASE – NEW TERMS – REDUCED ASKING PRICE
Recently, the owner re-negotiated his premise lease. There is currently a lease in place with 2 further extensions until September 2046.
An existing clause regarding re-development of the plaza can not be exercised until after September 2036.
This practice represents a turn-key opportunity for an energetic practitioner – or more – to take this practice to the next level.
This 17- year general practice is solo-owned and operated with the assistance of 2 dental hygienists. The owner is proud of his growth over the years, evidenced by the dedication and support from his patients. In 2018, to meet the growing needs of the practice, he undertook a significant renovation by doubling the space from 3-6 operatories.
Located in a prime location within a large outdoor shopping facility, this 2,200 sq. ft. office has excellent visibility and abundant parking in a busy location with a bank, grocery, and hardware store as anchor tenants.
Fiscal year-end generated 1.27 million in revenue, with 43% attributable to preventive services. Net earnings to the owner are 28%. Last year there were approximately 1700 individual appointments recorded in the practice.
The owner has continually invested in upgrading technology to provide the most current treatment for his patients. Major equipment includes Midmark and Belmont dental chairs and delivery systems, digital panorex and intra-oral radiographs, Trios scanner, diode laser, and portable nitrous system. There is also a 7th operatory, currently used for storage. Patient charts are digital.
The owner is willing to stay on as an associate to facilitate the new owner’s success as the patients and staff transition to a new face in the practice.
Highlights of the practice include:
- Large, 2,200 sq ft facility
- Excellent year-over-year increase in total revenue
- 43% revenue include preventive services
- Staff on written agreement
- 6 plus 1 operatories
- Digital panorex and radiographs
- Paperless
- Premise lease to 2036.
Key Timelines:
- The Practice Profile and Appraisal are available
- Confidential Practice visits by appointment
- Fully executed offers ( signed) will be presented as received.
- Closing date early 2025
For more information or to schedule an appointment, please contact Ann Wright, Sales Representative.