Saint John, NB – Updated – Real Estate is now also available
Are you ready to practise dentistry in “Saint Awesome?”
Saint John, New Brunswick, is a gem, just steps from the mighty Bay of Fundy.
You will be practising in a beautiful Victorian-era building in the heart of the city, where you will be surrounded by galleries, day and night markets, quaint local boutiques, and fabulous restaurants and cafés. The dental office is located on an elegant tree-lined street in the heart of the city, surrounded by many green spaces and charming parks.
Saint John is also a multicultural city! https://www.cbc.ca/news/canada/new-brunswick/want-to-see-how-saint-john-has-evolved-in-the-past-decade-go-to-the-city-s-cultural-festival-1.6930706
Our client has taken more time off recently and is ready to relinquish ownership. This long-established 4 operatory family practice is now being offered for sale to the right practitioner. Current revenues are based on only ~750 Dentist hours/year and ~1,300 Hygiene hours/year – so there is lots of room to grow! One of the operatories was set up with all new equipment in 2020 and the digital Pan is brand new. The practice utilizes Maxident software.
Highlights include
- Approximately 1,000 active patients.
- No Fridays, evenings, or weekends.
- Central location with easy access for both vehicle and foot traffic.
- Close to Public Transit.
- Significant number of referrals are made to all specialties.
- 90%+ of patients have third-party dental insurance.
- Non-current AR’s are low, typically in the $10,000 range.
- For the successful practice purchaser, there will be an option (but not a requirement) to also purchase the Real Estate, at fair market value.
The historic building is owned by the dentist, who is agreeable to providing a secure, long-term premise lease. The Vendor does not wish to remain as an Associate in the practice in order that a new dentist owner can ‘make it their own’ as soon as possible.
After several years of enjoying this space with their patients, the owner has decided to spend more time on the golf course and in the Caribbean and is ready to pass the torch to someone who will enjoy this practice as much as they have over the years.
Additional Purchaser/Advisor Information:
- The full appraisal will be released only to qualified parties.
- ROI Corporation will prepare all offers on our standard form for your lawyer’s review.
- Offers will be due on, and won’t be presented before, September 29, 2023
Please contact Dr. Jeff Williams at (902) 956-0404 or jeff@roicorp.com for more information.
St. John’s, NL
ROI Corporation is proud to bring this successful, well-established general practice opportunity to market. This 5 operatory practice – currently consisting of two hygienists and the owner/practitioner – has 1 unused operatory providing abundant scope for a motivated successor to increase hours and services in this very traditional setting.
Located in Atlantic Canada’s second-largest city and the capital of Newfoundland, with all the amenities of city life at your doorstep. St. John’s is a vibrant cosmopolitan city with a thriving arts scene, wonderful attractions and an inviting lifestyle. As the province’s hub of economic activity (e.g., service industry, finance, manufacturing, retail, etc.), St. John’s is home to much of the province’s public sector, a large university and numerous colleges, and is a support centre for the eastern Canadian offshore oil & gas industry.
Over 85% of the population are white collar, with a 6% higher-than-average annual income from the rest of Canada. As the new practice owner, you will have the added benefit of securing a long-term premise lease as the vendor owns the building.
This listing will appeal to both the Investor Dentist™ or the hands-on owner.
Highlights of this practice include:
- 5 fully equipped Ops and 1 Op plumbed and ready to go
- High-traffic central location with ample paid parking in the commercial area
- ~2,000 sq. ft. ground floor that is wheelchair accessible
- Long-term secure lease available to the purchaser
- A significant amount of crown, bridge and endodontic treatments
- Hygiene represents 37% of gross income with a second hygienist recently hired!
- No evening or weekend hours
- Revenues are based on the practitioner working 43 weeks per year
- Digital radiography (including Pan)
- ~ 4,000 patients seen in last 36 months
- ~ 99% of patients speak English
- Low A/R with bad debt at 0.2%
- No weekends or evenings
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 an ROI Corporation Confidentiality Agreement
- Showings will be scheduled by appointment
- Offers will be presented as received
- Offers should be accompanied by a certified cheque 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
For more information, please contact Andrew Bryson, Associate for Atlantic Canada,
andrew@roicorp.com , 902-410-2575.
Central Nova Scotia
ROI Corporation is excited to bring this well-established, beautifully appointed, 4 – operatory practice to market, located close to the business district. Established in 1985 – and fully renovated in 2014 – this free-standing residential/commercial building provides natural lighting to almost every room with generous parking and ample space to grow!
The vendor is willing to associate for 6-12 months, perhaps longer. The hygiene department is growing with the hiring of a third hygienist just three months ago; and, with ~27 new patients a month, this practice will appeal to the young practitioner wanting to establish themselves in a beautiful and safe community; large city practitioner looking for a quieter community; or the Dentist Investor wishing to grow their portfolio.
This area of Nova Scotia will appeal to the outdoors person having forests, lakes, rivers, white sand beaches and the ocean at their fingertips.
The vendor will consider the sale of the real estate at the time of sale or an option at a future date.
Highlights of this practice include:
- 2,066 sq. ft ground floor in a central location.
- Long-term lease available to purchaser or option to purchase.
- Opportunity to expand.
- More parking than required.
- ~5,500 patients in the last 12 months.
- Growing hygiene department.
- Currently no evening or weekend hours. However, there is an opportunity to extend hours.
- Low A/R
- 99% of the patients speak English.
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request
- A Confidential Open by appointment only
- The Appraisal will be distributed to qualified parties
- Offers should be accompanied by a certified cheque 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
For more information or to schedule an appointment, please contact Andrew Bryson, Sales Associate.
Reduced Asking Price – was previously listed at $830,000
Owner Highly Motivated for Personal Reasons – Any Reasonable Offer will be Entertained
Newfoundland and Labrador
ROI Corporation is excited to present this wonderful opportunity in Newfoundland and Labrador. This practice was established in the last ten years and plays a vital part in the local community health care and services in a wide geographic area.
The present owner has focused on providing general dental care and increasing the communities dental IQ.
The clinic has three modern operatories offering a welcoming environment. The practice is fully digital with radiographs and the charting system. This well-equipped, 1,000 square foot practice is located on a main thoroughfare with easy access to the airport.
Highlights of this practice include:
- This practice has three operatories and an active patient list of ~ 3000
- 97% of patients are insured
- Low overhead
- Clinic is fully computerized
- Hygiene is provided 5 days per week by 2 hygienists
- Clinic is a vital part of the communities health system.
- Excellent opportunity to expand Endo, Ortho and Oral Surgery care
- Great Location for outdoor recreation and activities
Additional Purchaser/Advisor Information:
- The full Appraisal will be distributed with proof of a Confidentiality Agreement
- Offers should be accompanied by a certified cheque 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
For more information or to schedule an appointment, please contact Dr. Scott Green, Sales Associate. Email: scott@roicorp.com or Cell: 902-830-0883
Avalon Peninsula, NL
This long established, vibrant family practice can be yours before the end of 2022.
The owner and associate and their team of hygienists provide dedicated and thoughtful care to their patients; with a focus on conservative, quality, general dentistry. There is a very strong emphasis on prevention. Many advanced procedures are referred out (including 2-3 molar endos, 3 oral surgical cases, and a couple of implant patients – amongst others – on average, each month).
This is a very well established practice that was moved to a custom built facility with all new equipment just a few short years ago. Our client has a long term premise lease agreement, on favourable terms, which can be transferred to the practice purchaser – thereby ensuring patient continuity. There is ample free parking available for patients.
Practice revenues have grown moderately over the past seven years, by over 30%! As an indicator of efficiency, the cash earnings generated by the practice have increased by a similar amount.
It goes without saying that the practice is compliant with all Covid-19 protocols.
In a perfect scenario, our client wishes to make a clean break, having enjoyed all that dentistry has offered them over the course of a successful career. However, in the event of extenuating circumstances, they will consider a short (i.e. 3-6 months) part time transition. They do not have designs on continuing to practise elsewhere.
Highlights of this practice include:
- 4 Ops – all with natural light.
- Plumbed and wired for a 5th
- ~2,400 sq. ft. on 3 levels.
- Long term lease in place – with an agreeable landlord.
- Hygiene revenues are ~32% of gross.
- No evening or weekend hours.
- Revenues are based on the practice being open 4.5 days/week.
- Digital radiography (including Pan).
- MCP billings are less than $100 per week (on average).
- 2,100+ unique patients seen in the last year (2,400+ in the last 2 years).
- Ample free parking.
Next Steps
- For more information, please contact Dr. Jeff Williams at (902) 956-0404 or jeff@roicorp.com
- The full appraisal will be released only to qualified parties.
- ROI Corporation will prepare all offers on our standard forms for your lawyer’s review.
For more information or to schedule an appointment, please contact Dr. Jeff Williams, Associate for Atlantic Canada.
Halifax Region
ROI is pleased to present this outstanding practice opportunity in Halifax Regional Municipality, the largest city east of Montreal.
Both manageable and affordable, this practice is primed for a dynamic owner to build on a very solid foundation. Established more than 35 years ago, the current owner has been practicing here since 1992.
This three Op practice offers a wealth of untapped revenue. There is an opportunity to increase revenue by keeping more services in house. The addition of a hygienist to the practice would allow the new owner to oversee a hygiene program while offering comprehensive dental treatments.
An opportunity such as this would be an ideal purchase for a first-time buyer. The low overhead accompanied by the immediate potential for growth allows for the successful purchaser to jump into ownership with confidence in their ability to support their new venture. Alternatively, an investor dentist could also be intrigued by how quickly their investment could be realized.
Highlights of this practice include:
- Owner available for transition
- Central location
- Ground floor
- Growing community
- ~ 5 – 8 new patients/month
- 85-90% of patients pre-booked before leaving office
- 4 days week, 36 hours
- No evenings or weekends
- Potential to increase productivity through expansion, extended services, increased hours and hygiene
- 85% insurance
- Month-to-month lease providing opportunity to renegotiate and expand
- Retail plaza
- Ample free parking
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request.
- Office site visit by appointment only.
- The Appraisal will be distributed to qualified buyers upon request.
- Offers should be accompanied by a certified cheque 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.
For more information or to schedule an appointment, please contact Dr. Scott Green, Sales Representative
Reduced Asking Price
Moncton Area
This newly reduced offering sets the stage for profitable and lifestyle-driven business ownership. A stunning facility is a must see for the individual looking to own a profitable practice that is screaming out for an additional pair of hands to augment our hard working owner. Currently, our Doctor and the hygiene department are both booked solid into October 2021.
Tremendous room exists to calibrate both preventative and restorative verticals to the multitude of dually insured families registering for treatment in this popular and convenient location. The contemporary decor and abundance of natural light offer a very soothing experience for both clinician and patient. The office is COVID ready and has returned to pre-COVID production levels.
This opportunity will likely sing too many out-of-province buyers who are sick and tired of competing with discount dentistry and staff shortages. With this in mind, ROI Corporation has made arrangements to provide transfers and lodgings for a 48 hour period to allow those most serious buyers who will make a conditional offer but require a final viewing of the practice before doing so.
Highlights of this practice include:
- 5-day work week with no evening or weekend hours
- 5 state of the art ops with 3 more already plumbed and wired for inevitable growth
- Spacious, state of the art facility
- Adjacent International Airport, for utterly convenient commuter-friendly options
- Approximately 3,396 active patients
- 1 hygienist
- Located in a bustling area with constant new patient growth
Additional Purchaser/Advisor Information:
- A Practice Profile will be provided within 48 hours of your request to those who have completed a ROI Corporation Confidentiality Agreement.
- Offers should be accompanied by a certified cheque 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.
For more information or to schedule an appointment, please contact Dr. Scott Green Associate.
Price Reduced – Previously Listed at $790,000
Sydney, Nova Scotia
Share Sale
Sydney, NS has just been listed as one of Canada’s most livable places! The same researchers who compile the United Nation’s annual World Happiness Report determined that this Cape Breton community ranked 8th out of 166 Canadian communities for affordability, growth potential and lifestyle. As but one illustration, their January 2021 survey found that the proceeds from the sale of an average-priced Toronto house would buy six houses in Sydney. Meanwhile, the dental practice has continued to rebound exceptionally well. Annualized current revenues will easily exceed Pre-Covid numbers!
And best of all – the asking price has not increased!
This attractive dental practice is located on a sunny top floor with a wonderful panoramic view. It was established in the early 1990’s and relocated in 2008 to a newly built, professionally designed, facility to effectively serve the community. The 1,800+ square foot space – where the operatories are bathed in natural light – provides a comfortable environment for patient care of all ages. Public transit and ample parking make access easy! This Cape Breton Island community provides for an ideal work/leisure lifestyle balance; with year-long recreational activities, including: hiking, boating, skiing and the Arts.
This established general practitioner performs all aspects of dentistry – on patients who have a high dental IQ and the means to accept complete dentistry. In fact, 92% of the patient family have third party insurance benefits. Major restorative treatments comprise almost 12% of the revenues. Similarly, prosthodontics is a big part of this practice’s offerings, with both removable (~3% of gross) and fixed (~4% of gross) performed at a high level. To round things off, fixed wire orthodontics and endodontic treatments each represent just under 5% of the revenue stream. Implants are both placed and restored in this practice.
The practice has rebounded from the pandemic induced shut down exceptionally well.
The practice utilizes the current version of Abledent practice management software. Patient charts are paper based, but radiographs (intra-oral and panoramic) are digital (Sidexis). All computers (CPUs, monitors, server, etc.) were just updated.
This is a fantastic opportunity to own an independent dental practice in the Cape Breton Regional Municipality; there aren’t very many left!
The current owner is flexible when it comes to transition and the timing of a sale.
Please contact Dr. Jeff Williams, Associate for Atlantic Canada, today for more details.
St. John’s, NL
This long established, 5 operatory general practice, occupying ~1,600 sq. ft., is for sale in the provincial capital. Despite recent economic bumps, the average household income in the St. John’s CMA is still 6% above the Canadian average! The owner dentist has been slowing things down over the past year or so – by choice – but steady patient flow keeps the hygiene department busy for 5 days per week. Dedicated software is utilized to carefully manage the recall system, so that no patient gets missed. Hygiene production currently makes up ~33% of total revenue.
There are no evening or weekend clinic times currently (or are they necessary) but adding space in the appointment schedule could be a possibility, especially for an ambitious new owner. Currently, 6-8 endodontic cases and half a dozen implant placements are referred out of the practice each month. In all of 2018, approximately 1,300 unique patients received care in this non-assignment practice. Ongoing ARs are almost always under $3,000!
As the new practice owner, you will have the opportunity to secure a long-term premise lease in the vendor owned building. You’ll benefit from the practice having 40 plus years at the same central location, being on street level; with high visibility and ample parking.
For more information, please contact Dr. Jeff Williams, Associate.
Initially posted with an Asking Price of $770,000
*Value represents both practices
Previously posted under Ref #4338
Northern New Brunswick
This is a wonderful offer for a purchaser ready to take over two practices in stages so they can plan well ahead for a smooth and gradual transition as the owners retire over the next three years.
The practices were established over 32 years ago in the office towers of the town’s mall and benefit from spectacular views of the Restigouche river and Chaleur Bay from one end of the clinic to the other. They have profited from increase revenues in the last year and a 12.6% increase in cash flow of 51.4%.
The vendors share the facility and benefit from exclusivity in the building as well as well established government offices that provide patient flow.
Highlights of this practice include:
- A nine (9) operatory clinic with ~ 2,500 square feet
- Total combined revenues in 2018 of $1,244,695 with growth of 7% from 2017
- Excellent cash earnings of 51.4% in 2018
- Approximately 30 specialty cases are referred out per month which can be repatriated for increased revenues
- Approximately 2700 – 3000 active patients on a recall program
- 3 hygienists work at the practices and are booked anywhere from 2 weeks to 2 months
- Owners work between 32 and 42 weeks a year
- 75% to 80% of patients have insurance coverage and are both English and French speaking
- Patients attend during normal weekday office hours – there are no evening or weekend appointments
Additional purchase/advisory information:
- A copy of the Appraisal will be provided upon request to all qualified purchasers.
- ROI Corporation will provide the Offer to Purchase agreement to interested parties only and conditional to their advisors’ review.
- All offers must be accompanied with a 10% deposit payable to ‘ROI Corporation IN TRUST’.
- Our clients are aiming for a closing date in early 2020.
For more information, please contact Pascale Guillon.
Initialement affiché avec un prix demandé de 770 000$
C’est une offre merveilleuse pour un acheteur prêt à prendre en charge deux pratiques, par étapes, afin de pouvoir planifier avec aise une transition souple et graduelle, de concert avec la retraite de chacun des vendeurs au cours des trois prochaines années.
Les pratiques ont été établies il y a plus de 32 ans dans les tours de bureaux du centre commercial de la ville et offrent des vues spectaculaires sur la rivière Ristigouche et la baie des Chaleurs d’un bout à l’autre de la clinique. Elles profitent d’un revenu à la hausse dans la dernière année et une augmentation de son flux de trésorerie de 12,6%.
Les vendeurs partagent le cabinet et bénéficient d’une exclusivité dans le bâtiment, ainsi que de bureaux gouvernementaux bien établis qui fournit à la clinique le flux des patients.
Atouts principaux de ce cabinet incluent:
- Neuf (9) salles opératoires étalées sur ~ 2,500 pieds carrés
- Facturation pour 2018 de 1 244 695$
- Flux de trésorerie solide de 51,4% en 2018
- Environ 30 cas spécialisés sont référés à l’externe par mois qui pourraient être rapatriés au cabinet pour augmenter les revenus
- Environ 2700 à 3000 patients actifs qui suivent un programme de rappel ponctuel
- 3 hygiénistes travaillent au cabinet et ont des rendez-vous entre 2 semaines à 2 mois d’avance
- Les propriétaires travaillent entre 32 et 42 semaines par année
- 75% à 80% des patients ont un régime d’assurance et parlent tant le français que l’anglais
- Les patients ont l’habitude de venir durant les heures normales de travail – il n’y a aucun rendez-vous de soir ou de fin de semaine
Renseignements consultatifs :
- L’évaluation sera disponible sur demande à tous les acheteurs qualifiés,
- ROI Corporation est en mesure de fournir la convention d’achat uniquement aux parties intéressés et sujette à une révision de leurs conseillers,
- Toute offre devra être accompagnée d’un dépôt de 10% payable à ‘ROI Corporation IN TRUST’,
- Une date de clôture est visée pour début 2020.
Pour plus de renseignements, veuillez svp contacter Pascale Guillon.
