Ref# 5166
Hamilton/Burlington Area
ROI Corporation is proud to represent this well-established office, serving the community for almost 25 years. Our client purchased the clinic in 2015 and wishes to sell it for personal reasons. While our client works 12 hours per week and there are associates, this is the perfect office for a first-time owner. The team consists of 1 hygienist, 2 assistants, and 1 receptionist/office manager. Annual production is approximately $837,000, with 36% coming from a strong hygiene program, and approximately 35+ total outbound referrals are made monthly for ortho, implants, surgeries, and pediatrics. Patients of this practice have a strong dental IQ.
The patients are a mix of ages and cultural backgrounds, and the majority live or work in the area. The practice is assignment, and most patients have comprehensive insurance coverage with the current provincial fee guide followed. The majority of patients come in every 3-6 months for their recalls. While this is an assignment office, all co-payments are collected, and accounts receivable are nominal, showing the strength of the business operations.
Located in a plaza with ample parking for patients. The office itself is well laid out, and approximately 1,670 square feet is fitted with 3 fully equipped operatories with a fourth plumbed and wired. The sterilization is fully compliant with all IPAC protocols. The current lease has 6 years left however, since the clinic has operated out of the same location for the past 25 years, additional renewals should be easily obtained and our client felt it best to leave this to the successful purchaser. There is no demolition clause.
Highlights of this practice include:
- 36% hygiene program
- 35+ cases referred out each month
- Very low accounts receivables
- No marketing or advertising with only internal referrals
CRITICAL DATES:
- A practice profile and virtual tour will be available upon request.
- A Confidential Open will be held on Sunday, December 1st, by appointment only
- Offers will be presented upon receipt
- It is recommended that 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