Ref# 5334
Halifax
Prime Halifax Opportunity: High-Margin Boutique Practice with Strong Growth Potential
Step into this beautifully appointed, three-operatory cosmetic dentistry practice, perfectly positioned at a major intersection between Halifax and the city’s rapidly expanding suburbs. This rare chance offers a well-regarded boutique clinic focused on high-end cosmetic and restorative dentistry, currently practicing just 23 hours per week over 99 days per year. Restorative services drive ~59% of production, with ~20% preventative, delivering exceptional cash earnings of ~62.5% of gross revenues.
The lifestyle-focused schedule—no evenings, no weekends, and no hygienist employed—leaves the practice poised for expansion. The vendor has steadily decreased hours over the last three years and doesn’t treat children or participate in the Canadian Dental Care Plan, creating a simple path to boost revenues: introduce hygiene programs, welcome families and CDCP participants, and extend hours to capture growing local demand fueled by significant area development.
The landlord welcomes a new tenant to negotiate appropriate terms to satisfy bank financing by extending the current six-year lease, or you could build equity toward relocation. The vendor is committed to a smooth handover, assisting during the transition to ensure patient retention.
Nestled in one of Canada’s fastest-growing cities, Halifax boasts a robust and diverse economy spanning government, healthcare, education, the navy, finance, shipping, and oil and gas. The city sits on the doorstep of the Atlantic Ocean, with freshwater lakes and abundant parks nearby. Home to nearly 45% of Nova Scotia’s population, Halifax contributes 20% of Atlantic Canada’s GDP and enjoys steady annual growth of 1.5%.
Highlights of this practice include:
- Ground-floor location in a professional building
- Completely renovated in 2020
- ~ 1,300 sq. ft. clinic
- Modern décor with abundant natural light
- Market value of physical assets and leaseholds: ~ $408,000
- No demolition clause
- Digital X-rays and charts
- Ample free parking
- High-growth area
- Wheelchair accessible
Additional Purchaser/Advisor Information:
- A practice profile will be provided within 48 hours of your request
- The appraisal will be distributed to pre-qualified candidates who have completed a ROI Corporation Confidentiality Agreement
- Offers will be presented as received
- Offers should be accompanied by a certified check 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