Practices For Sale

Ref# 5394

St. John’s, NL

With almost a quarter of a million people and an average household income that is higher than the Canadian average, one can enjoy all the benefits of a big city right here in the St. John’s area.  This general practice has a proven track record, repeatedly demonstrating strong revenue – and cash flow – on only 7 dentist days (owner and associate) per week and with virtually ALL Endo, Perio, Prostho, Surgery, and Ortho referred out.

There are 5 operatories with room for a 6^th (which is already plumbed and wired) in this 2,000+ square foot facility.  Unlike in many big cities, there are no demolition/relocation issues to be concerned about!  The Real Estate (a condo unit) could be offered for sale separately, but for the practice purchaser who wants to be a tenant, the selling dentist (who also owns the Real Estate) will be your landlord.

The current owner is not ready to fully retire from clinical practice and thus is available for a transition under terms favourable to them.

Highlights of this Practice include:

• Flexible occupancy terms (own or rent)
• No weekend hours – and the 3 evening clinics only run until 6:30 pm
• Tens of thousands of dollars’ worth of treatment is being referred out each month
• Ample free parking for patients and staff
• 15 hygiene days per week (accounting for ~51% of gross revenue)
• Digital technology is well utilized (although patient charts are paper-based)
• Over 20 years at the same location
• ARs over 30 days are negligible

Additional Purchaser/Advisor Information:

• A Practice Profile will be provided within 24 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 qualified buyers will be scheduled by appointment only
• Offers to Purchase will be presented as received
• ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
• A deposit, equal to 10% of the offered price, will be expected within 5 days of the acceptance of your Offer to Purchase

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