Ref# 5324
Calgary
ROI Corporation is proud to represent this well-established dental practice in Calgary. This will be a share sale. Our client’s transition timeline is flexible.
Located in a highly coveted area, for over 30 years, our vendor has enjoyed a successful career and is now ready to transition away from management and ownership.
The opportunity to acquire a practice from a highly respected owner, who has operated a well-run practice with an exceptional reputation and is respected in the community, presents many advantages. Year after year, the practice has generated consistent revenue exceeding $1 million. This practice benefits from a strong hygiene program and is largely restorative. Very little marketing has been required due to well-established systems that deliver high-quality service to a loyal patient base.
The successful purchaser can easily increase revenue through the strong hygiene program, which represents ~40% of gross; a consistent flow of new patients; the opportunity to retain the 25+ procedures currently referred out; and the expansion of office hours. Purchasing this office with 100% financing affords the new owner to earn a comfortable living after all costs are met.
Highlights of this facility include:
- ~1,200 active patients
- ~ 5-10 new patients per month
- Extremely strong hygiene program delivered by 2 hygienists, representing approximately 40% of production
- Excellent opportunity to expand hours as the clinic closes weekdays at 4pm, Fridays at 1pm – no evenings or Saturdays
- Non-assignment practice (with a few exceptions), with 80% of patients with excellent insurance coverage.
- Practice follows the fee guide, with the exception of crowns and restorations which are billed above the fee guide
- Software is Dentrix
- Clinic has 4 operatories within just under 1,800 square feet
- The current lease runs until 2030 with renewal options extending to 2040
- Excellent collection policy with accounts receivable under $4,000