Ref# 5390
Northern Ontario
This is a great opportunity for those who enjoy the northern lifestyle. The practice is located in a town between Timmins in the east and Sault Ste Marie in the west, with a drawing area of approximately 3,000 prospective patients. Built in 2019, the practice consists of three operatories in 1,288 sq. ft. The building is owned and also for sale. It is important to note:
- The vendor lives off-site and attends the practice only 3 days every 3 weeks (approximately 60 Days per year)
- The patient base has excellent dental insurance coverage, with many patients having dual coverage. The practice has developed a loyal and growing patient base, with patients generally willing to wait for appointments
- The community benefits from a stable and diversified employment base, with several major employers and positive prospects for continued economic growth
- Two hygienists work 5-7 days per month and are on contracts that provide flexibility for a new owner to structure hygiene coverage according to their needs
- Reception works 4 days per week
- The practice closes 6 weeks per year for vacation time
- Staff consists of 2 hygienists, 1 assistant and 1 front desk. 3 of the 4 are on written agreements
- Annual production is approximately $320K per year based on approximately 60 days per year of dentistry and hygiene. It is estimated this production could be doubled with additional available days of treatment
- Hygiene accounts for approximately 35% of gross revenue
- The practice has historically taken a conservative approach to dentistry and treatment planning, and the current billings reflect that philosophy. Specialty treatments are referred to Timmins, Sault Ste Marie or Sudbury.
This practice would be suitable for:
- A dentist in northern Ontario interested in a satellite practice
- Any dentist willing to spend the time to maximize the opportunity this location presents
In short, if you are looking for a stable situation with opportunity for growth and minimal to no competition, then this is your chance. The vendor is willing to stay on as an associate for a suitable transition period to help with continuity of care and a smooth transition.
For more information about this opportunity, contact Bill Alton, Senior Sales Representative
A confidentiality agreement must be signed before any information is released.