Ref# 5337
Southwestern Ontario – with property
Share Sale
It is our honour to present a perfect opportunity to purchase a thriving general dental practice along with the property in a charming small town within the Southwestern Ont. corridor near Waterloo/Kitchener.
This lucrative practice is strategically visible off the main road in town and thoroughly enjoys a sprawling 3,500 Sq. Ft. facility with 5 fully equipped operatories, a digital pan, plus additional space to expand operations as needed. The property is also available for sale at $979,000, ensuring a long stress-free tenure for the next lucky owner.
Small town practices offer a unique, close knit lifestyle that fosters deep relationships and a strong sense of community. The 1700 active local patients embody the perfect mix of small town qualities: friendly, respectful and willingness to absorb any advice from the dental team- every characteristic you would want in your patient base.
Annual revenue hovers around $800,000 with strong cash earnings representing 44% of the revenue. Several growth opportunities exist: keeping any of the 20 services referred out monthly in-house, opening up on weekends for patient convenience and initiating a marketing plan with an online presence. Integral to the practice is the strong hygiene program. Utilizing two hygienists, both on written contracts, the practice hygiene codes represent 35% of the total revenue.
The owner has enjoyed servicing their local patients throughout a rewarding career, but has decided that the next phase of their professional journey is to plan for retirement. The vendor would like the incoming owner to enjoy the same lengthy success and will be available for a mutually beneficial transition post close to ensure the patients are well looked after.
Highlights of this practice include:
- Digital X-Rays and charting, new computers, Cerec Milling Unit, and Abeldent practice software
- Ample free parking for staff and patients
- Property for sale as well. Asking/appraised price of $979,000
- Over 20 services are referred out monthly
- 85% of patients have dental insurance
- Impeccable office that looks brand new
- All employees are on written agreements
- 1,700 unique patients seen in the last 12 months
Additional Purchaser/Advisor Information:
- A practice profile will be available upon request
- An open will be held (by appointment only)
- The Appraisal will be distributed to qualified purchasers
- Offers will be presented as received
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review