Practices For Sale

Ref# 5399

Ottawa west

Practices that have been owned and exclusively operated by one owner are rare. This general practice was purchased in 1994. The Vendor is extremely proud that the practice has been successful for over 30 years and continues to attract patients and their families without advertising or large online presence. Moreover, this non assignment practice boasts zero accounts receivable except for CDCP current patients.

The office is located on the 1^st floor of a strip mall in Ottawa’s west end. Other tenants of the mall include professional offices, health services and restaurants.

This practice ticks off all the boxes for a new owner. There are 3 equipped operatories, with Xray and laboratory. The non-clinical space includes a staff room, private office and large reception and business area. Patient charts are located on-site, but the practice has moved to digital charting and radiography. The practice can be expanded to add a 4^th operatory with minor renovations.

The practice is open 4 days/week and one Friday/month with no evening or weekend hours.  There are 4 dental hygienists who share 8 days of hygiene/week.

The Vendor provides general dentistry, but refers out almost 100% of endodontics, surgery, including surgical implants, and orthodontics.

Revenue is steady and predictable and has increased over the years. The practice is expected to reach $950,000 by year-end, with 64.5% of the revenue attributable to hygiene services. Net to owner is an extremely attractive 39%.

The premise lease has been amended to expire January 31, 2038. There is a development clause that can be enacted in January 2032 with 12 months notice. This means that there can be no re-development of the premise until January 2033 at the earliest.

There are approximately, 1,350 active patients in the practice.

The Vendor is willing to associate for a short period of time to assist in transitioning the patients to a new owner.

Highlights of this practice include:

• Long established practice – 30 plus years
• Three (3) operatory practice spanning ~ 1,200 sq. ft.
• Plan available to add a 4^th operatory
• Located in the heart of a well-known, sought-after community
• Non-Assignment with exception of existing CDCP patients

 Key Timelines

• The practice profile is available now
• The confidential OPEN will be held on Sunday Sept 20th by appointment
• The Appraisal will be released following the OPEN
• Closing to be determined by mutual consent
• Offers are due Friday October 2^nd at 5PM EST
• ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
• Accepted offers require a certified cheque payable to “ROI Corporation IN TRUST” equal to 10% of the offered price for the practice

For more information or to schedule an appointment, please contact Ann Wright, Sales Representative.