Ref# 5212
Mississauga
ROI Corporation is proud to represent this well-established office in Mississauga, which has been a stable member of the community for almost 30 years. Our client wishes to sell it for personal reasons. This opportunity is the perfect office for a first-time owner.
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 being 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. Charts are digital.
The owner has had to reduce hours due to family commitments. There are 2 associates, 1 of whom works when required. The team consists of 2 hygienists, 4 assistants, and 1 receptionist. Annual production is just under $500K, with 26% coming from a strong hygiene program. The clinic is currently open 3 days per week, which means the new owner has an excellent opportunity to expand hours and services. Patients of this practice are loyal and value the dental care they receive.
About 10 years ago, the practice relocated to its current location, which is owned by a family member. An excellent lease will be offered with no demolition. Ownership of the building is also a possibility. Ample parking is available for patients, and the clinic is easily accessible by public transportation. The office itself is well laid out in approximately 1,700 square feet and is fitted with 4 fully equipped operatories. The sterilization is fully compliant with all IPAC protocols.
The potential opportunity for a new owner is significant. Strategically located, plans to develop multiple new residential buildings are underway in the immediate area, which will undoubtedly attract more residents to the area.
Highlights of this practice include:
- Well-established practice serving the community for about 30 years
- 4 equipped operatories
- 26% hygiene program
- Very low accounts receivables
- Well-trained team
- No marketing or advertising, with only internal referrals
- New patient flow averages 10-20 per month
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request
- A Confidential Open (by appointment only)
- The Appraisal will be distributed to those who have completed a ROI Confidentiality Agreement
- The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
- Offers must be submitted on or before Wednesday, April 30th
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review