Region: Ontario

Kanata, ON

It isn’t often that a practice that has built goodwill since 1998 comes on the market.  This practice has never employed an associate ( except for maternity leave) and has consistently provided a high standard of care based on a philosophy of sound treatment options.

The practice has approximately 1,200 active patients and employs 3 dental hygienists who share the 4-day work schedule.  Revenue in 2023 is expected to be just over $600,000, an increase of 10% over 2022.  The Owner practices conservative dentistry and refers out all specialty procedures.  The practice does not accept assignment, and accounts receivable are just over $1,000.00.  The practice is open 4 days/week with no evening or weekend hours.

The office is located in a professional building on a main roadway with access by public transit and as well as free parking for vehicles.  The landlord has agreed to remove the demolition clause for a new buyer.

The office consists of 4 operatories, sterilization and laboratory, a private office and a staff room.  The practice uses Abeldent software but only stores the radiographs digitally.  However, a new owner could easily convert to paperless charts.

The Owner is retiring but is willing to associate for a short period of time to facilitate the transition.

Highlights of this practice include:

• Solo-owned 25-year-plus office
• Predictable revenue year after year with steady growth
• All specialty procedures referred out
• No assignment of benefits.
• No demolition clause in lease

Additional Purchaser/Advisor Information:

• Practice Profile is available now
• Practice OPEN September 24^th by appointment only
• Appraisal is available following the OPEN
• Offers are due Friday, October 13^th, by 5:00 pm EST
• Offers prepared on ROI Share Purchase Template
• 10% Deposit due after offer acceptance by all parties.

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

Northwestern Ontario

Owning your own building is optimal.  Having a building included in the price of the practice is extraordinary.  ROI Corporation is thrilled to present this unique opportunity to acquire a prosperous general practice and building.

Located in a border town, this area is known as the industrial capital of Northwest Ontario.  Rural practices have tremendous opportunity – more patients, more complicated dentistry, low overhead, stronger goodwill and greater prospects for growth.

Our clients own practices in another province and have decided to focus their time and attention on those. Upon purchasing this office, the current owners set out to improve the care and efficiency of the practice through technology and systems.   New equipment was added, and the practice was digitalized.

Occupying a stand-alone commercial building, the ~2,800 sq. ft. area provides optimal space for this thriving business. Two associates are responsible for ~70% of production. A third associate has recently been hired.  One of the current owners attends the office one week per month to provide dental treatments that are of interest to them. The practice could easily be converted to fully associate-driven if that is the vision of the new owner.

The current owners’ business acumen, excellent draw area and lower overhead expenses ensure the future success and longevity of this opportunity. Within a 10km radius, there are ~11,000 residents with only 3 dental practices servicing the area. Due to the limited providers, patients travel great distances for their dental care providing a vast draw area. Lower overhead expenses are enjoyed by more rural locations when compared to their urban counterparts. Lower occupancy cost, staffing and utilities expenses help this practice’s strong bottom line. The cash earnings of the office is consistently an incredible 57% of gross.

In the last 12 months, ~2,800 patients have been cared for. Per month, a steady flow of 20-25 new patients plus 19 emergencies are received. The hygiene program could be built out further with the demand of the current patient base. Hygiene is currently booked out 4-12 weeks depending on the requested time of day. A solid 80% of the patient base have dental insurance coverage.

The town and surrounding area provide no shortage of outdoor activities to help cultivate a wonderful work-life balance. Well-connected for travel, there is easy access to the US border offering even more possibilities.

Highlights of the Practice include:

• Building included for no additional cost
• No landlord, demolition or rent to deal with
• 5 operatories
• Hospital privileges available
• Strong Google Reviews
• Updated sterilization area
• Fully digital practice

Additional Purchaser/Advisor Information:

• A Practice Profile and Virtual Tour will be provided within 48 hours of your request
• The Appraisal will be distributed to interested parties
• Offers will be presented to our client as received
• Due to the remote location of the practice, your offer will include a site visit condition
• 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 Jackie Joachim, COO & Sales Representative, and/or Constance Oly, Sales Representative.

Eastern Ontario

ROI Corporation is proud to present this fantastic opportunity.

This is the sale of a 50% partnership interest in a large practice in a vibrant city in eastern Ontario. The selling partner is ready to retire but has not worked full-time at the practice since 2019, instead relying on a full-time associate while the vendor attended the practice on an as required basis. The other partner will remain following this sale.

There are two partnerships, one for dentistry and one for hygiene. The vendor is selling the partnership interest in both. The combined revenue for the entire practice is approximately $2.8 million annually. It is a large practice, with 10 operatories and over 4,000 active patients. Hygiene accounts for 30-35% of the total production. The practice is mainly non-assignment except for some long-standing patients and some in special circumstances.

While the vendor purchased the partnership interest in 1991, the practice was originally started in 1965 and has been at its current location since 2001. It is a stand-alone building with excellent visibility from the street. The office is approximately 2,800 sq. ft. on the main floor with another 1,000 sq. ft. of finished basement. Total rent is less than $5,000 per month. In addition to the 10 operatories, there is a Pan, consult room, 3 private offices and a staff room. The lease runs to 2034 (current term to 2029).

In this expansive facility, you will find a highly skilled team comprising 6 hygienists, 4 dental assistants, 3 front desk staff members, and an exceptional office manager, who has been an integral part of the practice for 9 years. This practice operates efficiently five days a week, with no evening or weekend work, promoting a balanced and enjoyable lifestyle.

While the practice offers a wide range of services, including most dental procedures, some specialties like oral surgery, periodontics, and orthodontics are often referred out, leaving room for further growth and expansion.

Located in an attractive city, this practice is surrounded by a wealth of cultural and recreational activities, diverse dining options, and abundant shopping opportunities. Additionally, its strategic location provides convenient transportation access to major cities like Toronto, Montreal, and Ottawa.

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 approved candidates in advance of showing
• 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 Bill Alton, Sales Representative.

Toronto

ROI Corporation is delighted to represent this exceptional office.  Our client is an excellent practice owner who has strategically grown this office since starting it in 2016.  They are also an Investor Dentist™ who no longer works as a dentist in the clinic.  This office is completely associate driven.

Upon receiving your request for more information, a Buyer Application will be sent for your completion.  Interested buyers will have a private one-on-one interview with Jackie Joachim, Chief Operating Officer & Sales Representative, and must submit their completed Buyer Application prior to the interview.

Interested parties will also be asked to provide confirmation from their lender supporting their capability to qualify for financing at this level. We are aware that a lender cannot give a blanket authorization but they can at least provide comfort that this transaction can be completed.

Key Factors:

• EBITDA: 8x
• Normalized net income: $1,172,060
• 6 Operatories
• 10 associates and 4 hygienists
• Strong lease with long terms/renewals and NO DEMOLITION clause
• 85% of patients with excellent insurance coverage and 95% live/work close to clinic
• 200 new patients monthly
• 50-100 emergencies per month
• Approximately 4,300 individual patients seen in the last 24 months
• Approximately 1,900 patients ready to book hygiene appointments

Additional Purchaser/Advisor Information:

• Following their interview with Jackie Joachim, qualified purchasers will receive a virtual tour and pre-recorded webinar
• Offers will be presented as received – there is no offer deadline
• ROI Corporation will prepare all offers on our standard forms for your lawyer’s review

Please contact Jackie Joachim, Chief Operating Officer & Sales Representative, and/or Constance Oly, Sales Representative.