Ref# 5169
Kamloops – Updated Appraisal – previously listed as Ref# 4808
ROI Corporation is thrilled to present an exciting 4 operatory solo practice in Kamloops, BC, that you won’t want to miss!
Experience the vibrant charm of Kamloops, the city that captures hearts and attracts adventurers from all walks of life. With a rich tapestry of history, a thriving community, and endless opportunities for outdoor enthusiasts, Kamloops is the place to be. Discover why this dynamic city is on the rise!
The practice is situated on a busy street in the downtown core, making this a supreme location for doctors and patients alike. A hub for travel as Kamloops is a mere 3.5 hours from Vancouver and a day’s drive from Calgary, Prince George, Victoria, or Seattle. The office is open 4 days a week, with the vendor working all 4 days. Our client currently enjoys 7 weeks of vacation per year, which a new owner could shorten to increase revenue. Additionally, by increasing the opening hours to 5 days a week, there are supplementary avenues in which to boost production. There is currently no advertising aside from word of mouth, yet another avenue for a buyer to increase revenue! The staff currently working at the practice are predominantly long-standing employees, with the majority of them being hired when our vendor purchased the practice in 2012.
Kamloops is not just a city; it’s a testament to growth and progress. Boasting a rapidly growing population, Kamloops is a bustling hub of diversity and innovation. With a warm and welcoming community, you’ll find yourself surrounded by friendly faces eager to share in the city’s success. From artists and entrepreneurs to outdoor enthusiasts and families, everyone finds their niche in Kamloops.
Speaking of outdoor enthusiasts, Kamloops is a playground for adventure seekers. Positioned amidst breathtaking landscapes and nestled on the Thompson River, the city is an outdoor paradise. From hiking trails that wind through majestic mountains to serene lakes perfect for fishing and swimming, Kamloops has it all. Don’t forget to explore the world-renowned bike trails that attract enthusiasts from around the globe, ski at Sun Peaks Resort, or make a day trip to the Shuswap.
But Kamloops isn’t just about natural beauty; it’s also a beacon of commercial development. New developments have been popping up within minutes of our client’s practice throughout the city. From modern residential complexes such as City Gardens high rise to state-of-the-art commercial spaces, the skyline of Kamloops is transforming before our eyes. The city’s vibrant downtown core is alive with a thriving business scene, offering a unique blend of local boutiques, trendy cafes, and upscale dining experiences. With Thompson Rivers University campus nearby, you’re sure to feel the energy that comes with having a university in town. The city’s strategic location, transportation infrastructure, and business-friendly environment have attracted numerous businesses, resulting in a robust job market. Key sectors include healthcare, education, technology, tourism, and resource extraction.
The practice boasts a strong hygiene/recall program, booked 6 months in advance, and accounts for over 37% of production. Generating over $530,000 of cash earnings, which is equal to ~57% of gross income, this high-performing practice has extremely low overhead expenses and incredibly strong cash flow, which is crucial in today’s changing interest rate environment. Add this to a motivated vendor who is willing to sell below-appraised value. Opportunities like this do not come around often.
You won’t want to miss out on this opportunity to own an established practice in an up-and-coming city. Immerse yourself in an environment that seamlessly blends the beauty of nature with the vibrancy of a growing community. From its thriving population to the myriad of outdoor activities and bustling commercial development, Kamloops is the city that has it all. Inquire today about this fantastic practice and experience the true meaning of work-life balance.
Highlights of this practice include:
- ~1,460 square foot space with 4 operatories
- Currently no advertising – All word of mouth
- Strong hygiene program with 2 hygienists, booked up 6 months in advance
- Hygiene accounts for ~37% of production
- Owner schedule: 32 hours weekly; 7 weeks of vacation annually
- Practice is open 4 days, no evenings or weekends
- Consistent strong yearly revenue
- Abundance of natural light
- Heritage building
- Dedicated, long-standing employees. Most with contracts
- Loyal patient base
- Digital X-rays/pan
- 2 Cerec digital scanners for crown and bridge, clear aligner/Invisalign therapy, 2 appointment dentures etc
- in-office milling machine and oven for one visit crowns
- Committed owner with great reviews
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request
- A virtual tour available to qualified purchasers
- A private showing will be available by appointment only
- The Appraisal will be distributed to qualified purchasers
- Offers will be presented as received
- 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
- Our vendor is looking to close this practice sale as soon as mutually convenient.
For more information or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Sales Representative and/or Elliott Broad, Sales Representative.