Practices For Sale

Ref# 5243

Status: New

Location: Atlantic Provinces

Gross Revenue: $680,082

Appraised Value: $764,070

Asking Price: $600,000

Cash Earnings: $260,638

 Central Nova Scotia

This is the perfect practice for just about anyone!

Are you a new dentist who’s ready for ownership?  Or, are you a mid to late career dentist looking to practise at a comfortable pace?  Or, are you an entrepreneurial practitioner prepared to take this practice to the next level?

All aspects of dentistry are performed (with the exception of most molar endos, orthodontics and implant placements).  Note: implants were placed pre-Covid, but the time commitment on the part of the practice owner to do so now makes it impossible.  In fact, the significant amount of work referred out today is primarily due to a lack of chair time.

Currently, there are only 4 days of dentist time per week. With more chair time many procedures could be kept in house and the lengthy waitlist – for even basic dentistry – can be dealt with.  As of this posting, the owner dentist doesn’t have an open one hour-long appointment in their schedule for several months!

The practice utilizes 3 Operatories on the ground floor of a century home (total of ~2,130 square feet on two levels).  There is potential for a 4th Op upstairs.  The practice has been located here for over two decades, thereby lending a sense of comfort and familiarity to the dedicated patient base it serves.

Highlights include

  • Easy and free parking for patients and staff.
  • 6 Hygiene days per week (accounting for ~38% of gross).
  • Wheelchair access.
  • Digital technology (iTero, radiography, Tracker software).
  • Natural light in the entire office.
  • Established location (and in the community for 40+ years).
  • Specialists practise nearby.
  • Since 2017 part time associate/locums have been working in the practice, allowing the owner some time off.

The building is offered for sale separately, with municipal zoning such that an expansion to increase clinic size on ground level can proceed.  For the practice purchaser who wants to be a tenant, the selling dentist (who also owns the Real Estate) will be your landlord for a one-year term.

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 36 hours of your request, to those who have completed a ROI Corporation Confidentiality Agreement.
  • The Appraisal will only be distributed to pre-qualified candidates.
  • Showings to serious buyers will be scheduled by appointment.
  • Offers to Purchase will be presented as received.  There will not be a deadline
  • ROI Corporation will prepare all Offers on our standard forms and include a lawyer’s review condition.
  • Accepted Offers will require a deposit, either via certified cheque payable to “ROI Corporation IN TRUST” or by wire transfer, equal to 10% of the offered price for the practice.

For more information or to schedule an appointment, please contact Dr. Jeff Williams, Associate for Atlantic Canada.

 

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