Region: British Columbia

4931

Date Posted: 2023/06/15

Vancouver

ROI Corporation is thrilled to present this exceptional office which is most worthy of your consideration. To purchase a profitable, well-established and successful practice consisting of high dental IQ patients is truly exciting. Our client is an excellent practice owner who has strategically grown this office with an ethical and professional approach since establishing it in 2001.

This office enjoys a location in one of Vancouver’s most popular and chicest neighbourhoods, filled with dense residential high rises, sidewalk cafes and restaurants, unique shopping, and green parks with waterfront views. The surrounding area continues to grow with significant nearby multi-family residential development as well as commercial and retail development. The physical location is highly desirable, 1/2 block to the waterfront, easily accessible by public transportation (bus, SkyTrain, AquaBus), and offers ample parking.

The office is open 4 days a week, no evenings or weekends, with 2 days of hygiene per week. There definitely is the opportunity should the new owner want to expand the current schedule by hours or days.

The bespoke design of the office space and leaseholds, 2,046 sq/ft, is truly stunning and elegant. The office was designed by one of Canada‘s premier interior designers, Robert Ledingham, who worked with world-renowned architects Arthur Erickson, Barry Downs and Ron Thom here in Vancouver. An open and comfortable space, natural light, as well as privacy considerations have all been taken into account, providing a warm and welcoming atmosphere with contemporary décor that is enjoyed and appreciated by both patients and staff alike.

The focus of this practice is on the delivery of consistent quality patient care, primarily in the areas of prevention and restorative dentistry. There are approximately 38+ monthly outbound referrals involving endo, perio, prostho, OMFS, ortho and implants. This presents an excellent potential for an immediate increase in revenue should these procedures be held in house.

The owner is booked 8-10 weeks out and hygiene is 8+ weeks in advance. Over the last 12 months, there have been 1,302 active patients who have received care, including 6-7 new patients per month gained through a limited marketing program. 60% of patients have insurance and there are no social services patients. The patients are a mix of ages and cultural backgrounds, with the majority living or working in the area.

Note that this is a non-assignment practice, so the accounts receivable are not significant. Given the efficiency of this office, it boasts an amazing cash earnings of 54%! Unique and not often seen in a general practice!

The staff members are devoted and loyal to the office and to the patients. Each has a written employment contract with the practice.

The principal owns the strata and will be amenable to negotiating a long-term lease at fair market rent.

Our client is open to a transition to ensure the successful transfer of the goodwill and the staff to the new owner.

Purchasing a practice of this caliber is a rare opportunity – excellent location, strong patient foundation, dedicated staff, outstanding efficiency, waterfront access and extraordinary office design.

Highlights of this practice include:

  • Trendy and exciting neighbourhood with a strong mix of residential, retail, and commercial economic activity
  • High-density/growth area
  • 4 days, no evenings/weekends
  • 3 ops, 4th plumbed and wired
  • 2,046 sq/ft: Staff room, private office, 2 consultation rooms, business & manager’s offices, steri, lab, reception and waiting area with a view
  • Room to extend hours/days
  • Approximately 38+ procedures referred out each month
  • All staff on written agreements
  • Digital x-ray and Pan
  • Charts 50/50 – paper/digital, in transition to digital
  • Non-assignment, no SSP
  • Highly efficient with 54% cash earnings
  • Monthly production averages $145+K
  • Excellent lease with renewals, no demolition clause

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 buyers
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
  • 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. Marcia Boyd, Senior Sales Associate and/or Elliott Broad, Sales Associate.

4916

Date Posted: 2023/05/29

OKANAGAN VALLEY,  BC

ROI is excited to present a unique storefront practice opportunity in this highly desirable location in BC. Strong growth over the last 30 years has made this practice a stable contributor to the community and its continuing development.

The community, which enjoys a solid economic foundation, also offers an outstanding quality of life with a pleasant climate and safe and vibrant neighbourhoods with all the expected amenities PLUS access to nature and recreational opportunities such as lakes, beaches, skiing, hockey and a diversity of cultural options. And a world-class ski hill is less than 30 minutes away!!

This practice has succeeded with a philosophy of patient-centred care providing high-quality dentistry in a gentle caring manner. While its focus is on prevention and restorative procedures, this is a general practice with room to grow in other procedure codes, many of which are currently referred out. Therefore, if held within the practice, there is the potential to generate immediate and solid further revenue growth.

There is a strong, loyal patient base and recall program of 4 days a week of dentist time, with 6+ days of hygiene and 20-30 new patients per month.  Approximately 80+% of the patients have insurance coverage.

There is an excellent patient age demographic, with the recall program serving patients 35% every 3/4 months, 50% every 6 months, 10% every 9 months and 5% every 12 months.

If you are seeking a comfortable and manageable work-life balance with a profitable future, you certainly will want to know more…

Highlights of this practice include:

  • solo practice
  • 1,850 sq. ft.; 4 ops
  • 4 days/week; no evenings or weekends
  • 1,386 active patients last 12 months
  • strong recall program with 6+ days hygiene/wk
  • monthly production ~ $95K
  • lease through 2029
  • dedicated, loyal staff

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 potential purchasers
  • The Offer Request Form must be submitted 48 hours prior to submission.
  • Offers to be submitted when 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
  • Offers to be accompanied by CV/Resume and Statement of Philosophy of Practice
  • ROI Corporation will prepare all offers on our standard forms for your lawyer’s review
  • Our vendor is looking to close this practice sale at a mutually convenient date

 

For more information or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Sales Associate and/or Elliott Broad, Sales Associate.

 

 

4926

Date Posted: 2023/05/24

Vancouver

Establishing a robust patient base is essential for the success of any dental practice in today’s market. This reality is amplified when operating in Vancouver, where the density of practicing dentists is much higher than compared to the rest of BC. Hence, to maintain a competitive edge in such an environment, it is imperative to have an ideal location in a growing community and maintain a significant patient base.

ROI is delighted to offer this Goodwill Only opportunity with a facility agreement included in an outstanding and highly desirable and visible location for your consideration. The practice has 3 well-equipped ops and enjoys stunning vistas of Vancouver harbour and faces north to the magnificent mountains! Digital radiography, including a pan and digital intra-oral camera, is included.

Last year, the number of individual patients seen was approximately 1,500. On average, hygiene sees ~5 patients per day and the dentist sees ~8.

Our client has built a reputation for understanding all patient needs and working with them to develop a personalized treatment plan that meets their unique requirements.

The practice performs a significant amount of diagnostic, preventative and restorative treatments, making up approximately 84% of the $899,653 total revenue.

A strong hygiene program producing an average of $1,370 per day and comprising ~33% of total production ensures dependable cash flow. The recall program consists of 15% of the patients coming in every 3-4 months, 50% every 6 months, 20% every 9 months and 15% every 12 months.

You won’t want to miss this opportunity to assume and grow your practice in a state-of-the-art facility to secure your future practice’s success and profitability.

Reach out for more information…

Highlights of this practice include:

  • street front, highly visible
  • -busy walk-by location
  • -cafes in the same block
  • -growing community, mixed commercial and residential
  • -3 state-of-the-art ops
  • -fully digital
  • -robust, loyal patient base
  • -strong hygiene recall program
  • -workable 6 days/week

Additional Purchaser/Advisor Information:

  • A Highlights Booklet will be provided within 48 hours of your request
  • A Confidential Open (by appointment only)
  • The Appraisal will be distributed to qualified purchasers
  • The Offer Request Form must be submitted 48 hours prior to the Offer deadline.
  • 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 or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Sales Associate and or Elliott Broad Sales Associate.

4891

Date Posted: 2023/05/04

 

SURREY, BC 

ROI Corporation is elated to bring this exceptionally profitable and established opportunity to the market. Benefiting from a central street-level location on a major highway in Surrey, this rare chance won’t last long.

Boasting a staggering 3,600 active patients and 15 days of hygiene per week, this practice has been a cornerstone of the community for over 40 years. The 2,100 square foot space includes 6 fully-equipped operatories, allowing for efficient patient flow and the ability to serve multiple patients simultaneously. In addition, there is a comfortable staff room, washrooms, as well as a private office space that complements the lab, steri centre, reception and business areas.

The lease agreement, which extends through 2032, offers exclusivity and a no demolition clause, providing peace of mind for the long-term stability of the practice as well as helping to ensure financing. Open 6 days per week and benefiting from dedicated, loyal and incredibly hard-working staff, this practice is positioned for continued growth and profitability.

The practice employs 5 hygienists and is estimated to generate over 3 million dollars in gross revenue with an impressive 42% cash earnings. This is a testament to the superior and efficient management and operations of the practice, making it an attractive opportunity for any dental professional seeking a lucrative investment.

Beyond its financial success, the practice also prides itself on its commitment to quality care and patient satisfaction. The large patient base has been cultivated over the decades with minimal advertising, demonstrating the level of attention shown during each visit. This is reiterated when viewing the glowing online reviews.

The primary focus is related to prevention, restorative and endodontic treatment, with room to keep the many other referrals in-house to grow the procedure codes of ortho, surgery and implant placement which will further advance the revenue.

Surrey’s rapidly growing population presents an exclusive opportunity for expansion and an increase in patient volume. This, coupled with the practice’s exceptional reputation and consistently strong patient base, makes it a prime investment for any dental professional seeking a profitable and fulfilling career.

Don’t miss out on this truly remarkable chance to own a thriving, lucrative practice in Surrey. Contact us today to learn more!

Highlights of this practice include: 

  • Strategic, central location in rapidly growing city
  • Open 6 days per week
  • 2100 sq. ft. – 6 ops, fully-equipped
  • Digital radiography
  • Solid effective recall program
  • 15 days per week of hygiene
  • 88% patients with dental insurance
  • Strong lease with exclusivity and no demo clause
  • Ample, free parking
  • Over $2.5MM revenue in 2022 with cash earnings exceeding $926,000
  • Opportunity to grow the already strong patient base with increased advertising

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 potential purchasers
  • 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 or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Sales Associate and/or Elliott Broad, Sales Associate.

4868

Date Posted: 2023/01/25

SUNSHINE COAST – GIBSONS

Attention all dentists and orthodontists! ROI Corporation is proud to announce this unique opportunity to acquire a thriving 2 operatory orthodontic practice located on the beautiful Sunshine Coast.

This well-established practice has been serving the community for over 45 years and has a strong patient base. The current owner, a highly experienced and respected orthodontist, works only 2 days per week, leaving plenty of room for the new owner to increase revenue by expanding working hours. In addition, the practice is equipped with three ortho-trained chairside assistants, making it easy for the new owner to hit the ground running.

One of the standout features of this practice is its prime location. Located on a busy street in the heart of Gibsons, the practice boasts a ground-floor location with an unbeatable ocean view. This central location is easily accessible by both patients and staff, making it the perfect location for a successful practice.

But the benefits of this practice don’t stop there. It is a non-assignment orthodontic practice, allowing the new owner to have full control over treatment plans and procedures. This, combined with the rapid growth being experienced in Gibsons, makes this an extremely attractive opportunity for any dentist or orthodontist looking to take their career to the next level.

The Sunshine Coast is a region on the rise, with a population that has been growing rapidly in recent years. Located just a short ferry ride from Horseshoe Bay, Gibsons is a popular destination for tourists and residents alike. The city is home to a thriving arts and culture scene, as well as numerous outdoor recreational activities, making it an attractive place to live and work.

Don’t miss out on this opportunity to own a successful orthodontic practice in a prime location. Contact us today to learn more and schedule a tour of the practice. We look forward to helping you take the next step in your career!

Highlights of this practice include:

  • The office is open 5 days a week, with no evenings
  • Central location on the ground floor
  • Established and growing residential/commercial/retail community
  • ~$470,000 in gross revenue in 2022 with 44% cash earnings
  • Excellent lease with renewals

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • A viewing can be scheduled by appointment only
  • The Appraisal will be distributed to qualified applicants
  • 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. Marcia Boyd, Senior Sales Associate, and/or Elliott Broad, Sales Associate.

 

 

4844

Date Posted: 2022/12/12

Okanagan Valley – Updated Information

“There has been a steady and strategic squeeze on commercial leases over the last number of years – Banks never liked distressed leases, but now, I have it on good authority that they will no longer offer long-term financing, even with mitigating terms on distressed leases.” Timothy A. Brown. “Landemic” Read: Landemic

ROI is excited and proud to represent an exceptional general practice opportunity in the Okanagan Valley. This is an ideal practice to expand your career while enjoying a 4 seasons lifestyle in a vibrant, growing city.

Our client is willing to offer a favourable 12-year lease with renewal options which is crucial in today’s lending landscape. Practices with strong leases are in high demand!

Located in the largest and fastest-growing city in the Okanagan, it is surrounded by forested mountains, orchards and vineyards overlooking the lake. This community has been ranked the second-best small city in all of Canada thanks to its growing economic development, tourism, expanding downtown and real estate – not to mention inviting year-round outdoor recreation choices. The city offers an attractive quality of life and amenities such as an airport, hospital and access to post-secondary education.

This very special general practice has an easily accessed location, ground floor store-front visibility and enjoys an efficient use of space with a superior office layout and a 10-year fair market lease.

Over the years the owner has forged an excellent professional and ethical reputation based on the delivery of quality care with a focus on prevention and restorative dentistry including prosthodontics. The office is open 4 days a week, is a 4 operatory solo practice, and there is room to expand the operating days and time.  Providing treatment in-house for some of the procedures being referred would easily provide an immediate increase in revenue for a new owner.

No evenings or weekends, 4-5+ days of hygiene, 1,250 active patients and ~17 new patients/emergencies per month, loyal and dedicated staff, and an amazing 43% cash earnings all create a solid foundation for this well-established office moving forward.

All of this offers an exceptional opportunity for continuing to optimize a flourishing dental practice for your secure future.

Highlights of this practice include:

  • 4 ops; 1,896 sq. ft.
  • 4-day week, no evenings or weekends
  • 4-5+ days of hygiene per week
  • Excellent lease
  • ~80% of patients have comprehensive insurance
  • 70% of recall patients attend every 6 months and 30% attend every 3-4 months
  • Recall/confirmations sent by email/text to patients
  • 43% cash earnings, room to extend hours and expand procedure codes – ortho, surgery, endo and implants
  • Paper charts, digital radiographs and pan
  • Well-equipped operatories, lab, x-ray and sterilization area, private office, business office and staff room
  • Ample and available parking
  • High traffic, established and growing neighbourhood with a strong mix of residential, retail, and commercial economic activity

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 buyers
  • Offers will be presented as received
  • 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. Marcia Boyd, Senior Sales Associate and/or Elliott Broad, Sales Associate.

 

 

4849

Date Posted: 2022/11/30

Kootenays

This established and consistently growing general practice opportunity is located in the hub of the South Kootenay area with a large area upon which to draw. The region boasts a strong commercial, financial service and industrial business economy foundation. This stable community provides a diverse, affordable lifestyle. It has a favourable climate and easy access to four-season, first-class recreational facilities offering world-class skiing, mountain biking, and a variety of other outdoor recreation.

Constant economic development and longstanding industry exist for ongoing and future employment opportunities and benefits. Ideally located in proximity to trading areas, it enjoys a robust transportation infrastructure, including access to highways, rail and airports. The city has all the expected amenities, including reasonably priced housing, friendly neighbourhoods, educational opportunities and a regional hospital.

As a family based general practice, the focus is restorative dentistry and promotes a philosophy of prevention with a passion for delivering top quality care. The office was renovated in 2019 and is now a fully digital, state-of-the-art facility with an amazing 47% cash earnings! Since the COVID shutdown, it has enjoyed a highly successful rebound – busier than ever!

In addition, the free-standing building, which houses the practice and is located on a main street, is available for sale. The practice and the real estate present an outstanding package deal that includes a furnished residential suite.

This is an exceptional turn-key opportunity and an extraordinary chance to be your own landlord!

An attractive offering, worthy of your consideration – not to be missed!

Highlights of this practice include:

  • 1,800 sq. ft. facility with up to 5 ops (3 fully equipped operatories, 1 op no x-ray or computer, 1 consult room plumbed/wired)
  • 4 ½ day week, no evenings or weekends
  • Strong recall program which could easily be supported by a hygienist
  • Fully digital, state of the art – records, charts, radiographs, pan
  • 2,000+ active patients, excellent patient age demographics
  • 80% of patients have dental insurance
  • ~10 new patients/month
  • Positive revenue growth trend
  • Room to expand in various procedure codes
  • Furnished, residential accommodation in the stand alone building
  • Ample, free parking

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 on  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
  • Our vendor is looking to close this practice sale in Early 2023

For more information or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Sales Associate, and/or Elliott Boyd, Sales Associate.

 

 

4824

Date Posted: 2022/10/04

Updated Appraisal – Increased Value and Reduced Asking Price

VANCOUVER, BC

ROI is pleased to offer an exceptional affordable opportunity in central Vancouver that is long established with a great legacy and an unlimited future for a new grad, an associate ready to purchase, or a dentist looking to transition to retirement!

It enjoys an amazing location, street-level visibility and presence in an affluent, reputable Vancouver community that continues to grow surrounded by a blend of retail, residential and commercial properties.

This unique practice opportunity is perfect for a new owner who is motivated to grow the patient base, extend office hours, and bring a hygienist to the strong recall program.

The patients attending this practice are always well cared for and show their appreciation via positive online reviews.

Currently, the practice is open 3 days a week for 25½ hours. By embracing social media and increasing marketing expenditure, a new dentist could draw in additional patient flow and generate income. It is transit-friendly and parking is ample and free.

The 2 existing operatories, as well as the space to configure a 3rd operatory,  have abundant natural light with large street-facing windows.

The current owner is focused on quality, patient-oriented dentistry and in turn, refers out a significant number of cases. Therefore, a new owner could keep in-house an additional 18-38 cases per month that are currently being referred out while the hygienist takes over the preventive aspect of the practice.

In summary, there are several ways to immediately and effectively increase the revenue while easily growing this into an exceedingly prosperous practice: increasing hours/days; keeping referrals in-house; employing a hygienist; and beginning to market/promote.

To provide a smooth transition for staff and patients, our vendor is happy to mentor the new owner and is pleased to stay on for a period of time to ensure the transfer of goodwill.

This practice is ideal for an enthusiastic dentist looking to enjoy whatever stage of their career with a long-established practice with deep roots within the community. Please do not hesitate to reach out for further information.

Highlights of the practice include:

  • Approximately 700 sq. ft. ground level
  • 2 ops – option for a 3rd op
  • An abundance of natural light
  • Currently, open only Monday, Wednesday & Friday
  • Owner works 22½ hours per week
  • 8-9 new patients/month; excellent age demographics
  • Significant number of cases referred out each month
  • Recently renovated in 2016
  • Highly visible, good signage
  • Premise lease through 2032
  • Ample parking with easy transit accessibility
  • Blend of residential, commercial and retail surrounding area
  • Revenues are based on the practice being open 3 days per week

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 potential purchasers
  • 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 or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Sales Associate, and/or Elliott Broad, Sales Associate.

 

 

4809

Date Posted: 2022/09/19

EAST COAST OF VANCOUVER ISLAND

ROI Corporation is delighted to announce this wonderful opportunity to purchase a one-of-a-kind 6 operatory dental practice on beautiful Vancouver Island!

The east coast of Vancouver Island is known for its breathtaking scenery, ocean landscape and quality of life that is hard to match. A strong community presence is felt throughout this region and is the perfect place to put down roots. Not only a great area to build a career but also, this community is spoiled with an abundance of outdoor activities that brings a whole new meaning to work-life balance. From fishing to hiking to skiing and an array of other eco-adventures, you would be hard-pressed to find another location such as this.

The spacious office was designed and built with functionality in mind. With over 3,000 square feet and 6 operatories, the space is perfect for an ambitious owner looking to build a thriving practice. Additionally, the operatories boast stunning waterfront views that truly take “office with a view” to a new level. This gives a sense of tranquility of the practice and puts both patient and doctor’s minds at ease. The practice performs a wide variety of full-spectrum dentistry, including many oral surgery cases and is long established and respected in the community. Due to the significant amount of oral surgery, our vendor is ideally searching for a buyer with the ability and desire to perform such cases but is very willing to mentor the new owner for such procedures both at the office and in the hospital setting. Hygiene is booked 6-8 weeks in advance and has room to grow. Conveniently located on a major road, getting to this practice is a breeze for all patients in the community.

The philosophy of the practice is focused on an opportunity for excellence in regard to patient care. This, in turn, has led to a loyal, trusting patient base and continued revenue growth. The practice is open 5 days a week and does not currently employ an associate, and the owner is presently working 4 days a week. The already strong production numbers could be bolstered by additional staff and the new owner working an additional day per week.

Don’t miss out on this rare opportunity to grow the dental practice you want while living in the community of your dreams.

Highlights of this practice include:

  • Stunning waterfront views and natural lighting
  • Fully digital practice
  • Doctor currently enjoys a < 30-hour workweek
  • No evenings or weekends
  • Room to expand
  • The vendor wishes to make themselves available for a healthy transition
  • Vendor owns the building and can guarantee a 10-12 year lease
  • Growing patient list with the potential to further develop hygiene
  • Cash earnings of over $400,000 (47.4%)

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 potential purchasers
  • Offers will be presented when 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
  • Our vendor is looking to close this practice sale as soon as mutually convenient

For more information or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Sales Associate and/or Elliott Broad, Sales Associate

 

 

4808

Date Posted: 2022/09/15

 

Kamloops – Updated Appraisal

ROI Corporation is thrilled to present an exciting 4 operatory solo practice in Kamloops, BC, that you won’t want to miss!

Experience the vibrant charm of Kamloops, the city that captures hearts and attracts adventurers from all walks of life. With a rich tapestry of history, a thriving community, and endless opportunities for outdoor enthusiasts, Kamloops is the place to be. Discover why this dynamic city is on the rise!

The practice is situated on a busy street in the downtown core, making this a supreme location for doctors and patients alike. A hub for travel as Kamloops is a mere 3.5 hours from Vancouver and a day’s drive from Calgary, Prince George, Victoria, or Seattle. The office is open 4 days a week, with the vendor working all 4 days. Our client currently enjoys 7 weeks of vacation per year, which a new owner could shorten to increase revenue. Additionally, by increasing the opening hours to 5 days a week, there are supplementary avenues in which to boost production. There is currently no advertising aside from word of mouth, yet another avenue for a buyer to increase revenue! The staff currently working at the practice are predominantly long-standing employees, with the majority of them being hired when our vendor purchased the practice in 2012.

Kamloops is not just a city; it’s a testament to growth and progress. Boasting a rapidly growing population, Kamloops is a bustling hub of diversity and innovation. With a warm and welcoming community, you’ll find yourself surrounded by friendly faces eager to share in the city’s success. From artists and entrepreneurs to outdoor enthusiasts and families, everyone finds their niche in Kamloops.

Speaking of outdoor enthusiasts, Kamloops is a playground for adventure seekers. Positioned amidst breathtaking landscapes and nestled on the Thompson River, the city is an outdoor paradise. From hiking trails that wind through majestic mountains to serene lakes perfect for fishing and swimming, Kamloops has it all. Don’t forget to explore the world-renowned bike trails that attract enthusiasts from around the globe, ski at Sun Peaks Resort, or make a day trip to the Shuswap.

But Kamloops isn’t just about natural beauty; it’s also a beacon of commercial development. Within minutes of our client’s practice, new developments have been popping up throughout the city. From modern residential complexes such as City Gardens high rise to state-of-the-art commercial spaces, the skyline of Kamloops is transforming before our eyes. The city’s vibrant downtown core is alive with a thriving business scene, offering a unique blend of local boutiques, trendy cafes, and upscale dining experiences. With Thompson Rivers University campus nearby, you’re sure to feel the energy that comes with having a university in town. The city’s strategic location, transportation infrastructure, and business-friendly environment have attracted numerous businesses, resulting in a robust job market. Key sectors include healthcare, education, technology, tourism, and resource extraction.

The practice boasts a strong hygiene/recall program, booked 6 months in advance, and accounts for over 37% of production. Generating over $485,000 of cash earnings, which is equal to ~55% of gross income, this high-performing practice has extremely low overhead expenses and incredibly strong cash flow, which is crucial in today’s changing interest rate environment. Add this to a motivated vendor who is willing to sell below appraised value. Opportunities like this do not come around often.

You won’t want to miss out on this opportunity to own an established practice in an up-and-coming city. Immerse yourself in an environment that seamlessly blends the beauty of nature with the vibrancy of a growing community. From its thriving population to the myriad of outdoor activities and bustling commercial development, Kamloops is the city that has it all. Inquire today about this fantastic practice and experience the true meaning of work-life balance.

Highlights of this practice include:

  • ~1460 square foot space with 4 operatories
  • Currently no advertising – All word of mouth
  • Strong hygiene program with 2 hygienists, booked up 6 months in advance
  • Hygiene accounts for ~37% of production
  • Owner schedule: 32 hours weekly; 7 weeks of vacation annually
  • Practice is open 4 days, no evenings or weekends
  • Consistent strong yearly revenue
  • Abundance of natural light
  • Heritage building
  • Dedicated, long-standing employees. Most with contracts
  • Loyal patient base
  • Digital X-rays/pan
  • 2 Cerec digital scanners for crown and bridge, clear aligner/Invisalign therapy, 2 appointment dentures etc.
  • in-office milling machine and oven for one visit crowns
  • Committed owner with great reviews

Additional Purchaser/Advisor Information:

  • A Practice Profile will be provided within 48 hours of your request
  • A virtual tour available to qualified purchasers
  • A Confidential Open (by appointment only)
  • The Appraisal will be distributed to qualified purchasers
  • 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
  • Our vendor is looking to close this practice sale as soon as mutually convenient.

 

For more information or to schedule an appointment, please contact Dr. Marcia Boyd, Senior Sales Representative and/or Elliott Broad, Sales Representative.